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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between numerous entities, intending to supply countless training chances and jobs for the global workforce. This contract was signed at the second 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, in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on certifying varied groups, such as new graduates, females, and individuals with disabilities, for referall.us suitable work through specialised training programmes, including advancement, educational initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently out of work, and almost 20 percent of people aged 15 to 54 are either employed or engaged in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative

These data have actually also revealed that almost 40 percent of employers report problems in filling vacancies due to a mismatch in between labor force abilities and labour market needs, with youth joblessness exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these contracts, Alrajhi said "These figures highlight the immediate need to develop extensive methods to attend to these common difficulties effectively." "Transforming them into chances, ultimately we can all work together to make sure the prosperity of our economies, neighborhoods, and labor forces." The minister also noted that the contracts focus on boosting performance, promoting innovation, and driving value production in alignment with Saudi Vision 2030. Key entities associated with these agreements 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 a number of notable cooperations emerged. INSEAD will provide scholastic services, while partnerships with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs concentrated on management advancement and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. 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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