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) between different entities, intending to offer thousands of training opportunities and jobs for the worldwide labor force. This arrangement 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, sowjobs.com in addition to 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying varied groups, such as brand-new graduates, females, and people with disabilities, for suitable employment through specialised training programmes, consisting of advancement, educational initiatives, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are presently jobless, and almost 20 percent of individuals aged 15 to 54 are either employed or engaged in education, organizations, or training programs. Read also: Boost for business owners as IBPLC develops tasks with Hero apprenticeship initiative

These statistics have likewise revealed that nearly 40 percent of companies report troubles in filling vacancies due to a mismatch in between workforce skills 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 said “These figures highlight the urgent need to develop extensive strategies to deal with these common difficulties effectively.” “Transforming them into opportunities, eventually we can all work together to make sure the success of our economies, communities, and workforces.” The minister also kept in mind that the contracts concentrate on improving operational efficiency, cultivating innovation, and driving value production in alignment 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, informedica.llc 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 numerous noteworthy cooperations emerged. INSEAD will supply scholastic services, while partnerships with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs concentrated on leadership advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among students and the workforce, to name a few. Share
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