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

The Global Labor Market Conference (GLMC), has experienced the signing of 31 arrangements and Memoranda of Understanding (MOU) in between numerous entities, aiming to offer thousands of training chances and tasks for the global labor force. This agreement was signed at the 2nd 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, in addition to 40 labour ministers. According to the ministers, these efforts will focus on certifying varied groups, referall.us such as new graduates, women, and individuals with impairments, for appropriate work through specialised training programs, including advancement, academic initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently out of work, and almost 20 percent of people aged 15 to 54 are either employed or participated in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship initiative

These statistics have also shown that nearly 40 percent of companies report problems in filling vacancies due to an inequality in between workforce skills and labour market needs, with youth joblessness going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent requirement to develop detailed strategies to address these typical difficulties effectively.” “Transforming them into opportunities, eventually we can all collaborate to guarantee the prosperity of our economies, neighborhoods, and workforces.” The minister likewise noted that the agreements focus on enhancing functional effectiveness, cultivating development, and driving value development in positioning with Saudi Vision 2030. Key entities associated with 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 College, 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 supply scholastic services, while with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on management development and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A significant development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among students and the workforce, among others. Share
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