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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 agreements and Memoranda of Understanding (MOU) between various entities, aiming to provide countless training opportunities and tasks for the global workforce. This arrangement 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, along with 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying varied groups, such as brand-new graduates, females, and people with impairments, for suitable employment through specialised training programmes, consisting of advancement, academic initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently jobless, and nearly 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC creates jobs with Hero apprenticeship initiative

These stats have likewise revealed that almost 40 percent of companies report problems in filling jobs due to an inequality between labor force abilities and labour market needs, with youth unemployment surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent requirement to establish detailed techniques to attend to these common obstacles successfully.” “Transforming them into chances, eventually we can all work together to ensure the success of our economies, neighborhoods, and workforces.” The minister likewise kept in mind that the agreements concentrate on enhancing operational effectiveness, cultivating innovation, and driving worth production in alignment with Saudi Vision 2030. Key entities associated with these arrangements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista of College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy collaborations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes focused on management development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst trainees and the workforce, among others. Share
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