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

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between different entities, intending to provide countless training opportunities and jobs for the international workforce. This agreement was signed at the 2nd edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these efforts will focus on certifying diverse groups, such as new graduates, ladies, and people with impairments, for ideal work through specialised training programmes, consisting of development, academic efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently out of work, and almost 20 percent of people aged 15 to 54 are either used or participated in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These stats have also revealed that almost 40 percent of companies report problems in filling vacancies due to an inequality between labor force abilities and labour market needs, with youth unemployment surpassing 30 percent in some regions globally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent requirement to develop detailed strategies to address these common difficulties efficiently.” “Transforming them into chances, ultimately we can all work together to make sure the prosperity of our economies, communities, and labor forces.” The minister also noted that the agreements focus on improving functional efficiency, fostering innovation, and driving worth development in positioning with Saudi Vision 2030. Key entities involved in these arrangements 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 Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy collaborations emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes concentrated on leadership development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the workforce, amongst others. Share
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