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

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 contracts and Memoranda of Understanding (MOU) in between various entities, intending to provide thousands of training chances and tasks for the international labor force. This agreement was signed at the second edition of the GLMC 2025, released 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 certifying varied groups, such as new graduates, women, and individuals with specials needs, for suitable work through specialised training programs, including development, educational initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently jobless, and almost 20 percent of people aged 15 to 54 are either utilized or engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC creates tasks with Hero apprenticeship effort

These statistics have also shown that almost 40 percent of companies report difficulties in filling jobs due to an inequality between labor force abilities and labour market needs, with youth unemployment going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent requirement to develop detailed techniques to address these typical difficulties efficiently.” “Transforming them into opportunities, eventually we can all work together to guarantee the success of our economies, communities, and workforces.” The minister likewise noted that the arrangements concentrate on improving operational efficiency, promoting innovation, and driving value production in alignment with Saudi Vision 2030. Key entities involved in these contracts include 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 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 provide academic services, while partnerships with Space Faculty and ProFun will explore development and sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs concentrated on management advancement and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst trainees and the labor force, to name a few. Share
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