Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has experienced the signing of 31 contracts and of Understanding (MOU) in between different entities, intending to supply thousands of training opportunities and tasks for the international workforce. This contract was signed at the 2nd edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying varied groups, such as brand-new graduates, women, and people with specials needs, for appropriate employment through specialised training programs, including development, instructional efforts, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently jobless, and nearly 20 percent of individuals aged 15 to 54 are either employed or engaged in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These statistics have actually also revealed that almost 40 percent of companies report difficulties in filling jobs due to a mismatch between labor force skills and labour market demands, with youth unemployment exceeding 30 percent in some areas worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent need to establish thorough methods to resolve these typical difficulties efficiently.” “Transforming them into opportunities, eventually we can all interact to guarantee the success of our economies, neighborhoods, and workforces.” The minister likewise noted that the agreements focus on boosting operational efficiency, promoting innovation, and driving value creation in positioning with Saudi Vision 2030. Key entities included in these contracts consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of noteworthy partnerships emerged. INSEAD will offer scholastic services, while partnerships with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among trainees and the workforce, among others. Share
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