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

The Global Labor Market Conference (GLMC), has seen the signing of 31 contracts and Memoranda of Understanding (MOU) in between numerous entities, intending to offer countless training chances and tasks for job the global labor force. This agreement was signed at the 2nd edition of the GLMC 2025, released in Riyadh, Saudi Arabia, job 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 individuals with specials needs, for suitable employment through specialised training programs, including development, instructional initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), job approximately 67 million youths are currently out of work, and nearly 20 percent of people aged 15 to 54 are either employed or taken part in education, organizations, or job training programs. Read also: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort

These statistics have likewise revealed that nearly 40 percent of companies report problems in filling jobs due to a mismatch between workforce skills and labour market needs, with youth unemployment exceeding 30 percent in some regions worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the immediate need to develop thorough methods to resolve these common obstacles effectively.” “Transforming them into chances, eventually we can all work together to guarantee the success of our economies, communities, and workforces.” The minister likewise noted that the arrangements focus on enhancing operational performance, promoting development, and driving worth creation in positioning with Saudi Vision 2030. Key entities associated with 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, job the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy partnerships emerged. INSEAD will offer academic services, while collaborations with and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management advancement and capacity 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 advancement. A significant advancement is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst trainees and the labor force, to name a few. Share
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