Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has actually witnessed the signing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, aiming to offer thousands of training chances and jobs for the international workforce. This arrangement 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, together with 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying varied groups, such as new graduates, women, and individuals with specials needs, for ideal employment through specialised training programs, including development, educational efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are presently unemployed, and nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC develops jobs with Hero apprenticeship initiative
These statistics have also revealed that almost 40 percent of employers report difficulties in filling jobs due to a mismatch 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 agreements, Alrajhi said "These figures highlight the immediate need to establish detailed methods to resolve these common obstacles effectively." "Transforming them into opportunities, eventually we can all interact to guarantee the prosperity of our economies, neighborhoods, and workforces." The minister also kept in mind that the arrangements focus on improving operational effectiveness, promoting development, and driving worth production 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC's MOU will see several noteworthy cooperations emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on management advancement and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among students and the workforce, to name a few. Share
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