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 different entities, intending to offer thousands of training opportunities and tasks for the international labor force. This agreement was signed at the second edition of the GLMC 2025, launched 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 focus on qualifying diverse groups, such as new graduates, women, and people with specials needs, for ideal employment through specialised training programs, employment including advancement, instructional initiatives, 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, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship effort
These statistics have also shown that nearly 40 percent of employers report difficulties in filling jobs due to an inequality between workforce skills and labour market needs, with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi said "These figures highlight the immediate need to establish detailed techniques to address these typical difficulties efficiently." "Transforming them into chances, eventually we can all work together to guarantee the prosperity of our economies, communities, and labor forces." The minister likewise kept in mind that the arrangements focus on boosting operational effectiveness, promoting development, and driving value development 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 notable collaborations emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes focused on management advancement and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and employment Arabian Airports to develop workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst students and the workforce, to name a few. Share
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