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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 contracts and Memoranda of Understanding (MOU) in between various entities, employment intending to provide thousands of training opportunities and jobs for the international labor force. This agreement 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, in addition to 40 labour ministers. According to the ministers, these initiatives will focus on certifying diverse groups, such as new graduates, females, and individuals with disabilities, for suitable work through specialised training programs, employment consisting of development, instructional efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either utilized or taken part in education, organizations, or training programs. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship effort

These data have actually also revealed that almost 40 percent of employers report difficulties in filling vacancies due to an inequality in between labor force abilities and labour market demands, with youth unemployment exceeding 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent requirement to establish extensive methods to address these typical challenges effectively.” “Transforming them into opportunities, ultimately we can all collaborate to make sure the success of our economies, communities, and workforces.” The minister likewise noted that the contracts focus on boosting operational effectiveness, fostering innovation, and driving value production in alignment with Saudi Vision 2030. Key entities included in 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 Higher Education, employment 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 provide academic services, while partnerships with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes concentrated on management development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among students and the workforce, amongst others. Share
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