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

The Global Labor Market Conference (GLMC), has seen the signing of 31 contracts and Memoranda of Understanding (MOU) in between different entities, aiming to provide countless training chances and tasks for the international labor force. This contract 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, in addition to 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as new graduates, women, and individuals with specials needs, for ideal work through specialised training programs, including advancement, educational initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), employment roughly 67 million young people are currently unemployed, and almost 20 percent of people aged 15 to 54 are either employed or engaged in education, employment institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship initiative

These statistics have likewise revealed that nearly 40 percent of companies report troubles in filling jobs due to an inequality between workforce abilities and labour market demands, with youth unemployment exceeding 30 percent in some areas worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi stated "These figures highlight the immediate requirement to develop detailed strategies to resolve these common obstacles efficiently." "Transforming them into chances, ultimately we can all interact to guarantee the success of our economies, neighborhoods, and workforces." The minister also kept in mind that the arrangements concentrate on improving functional efficiency, fostering development, and driving worth creation 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, 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 collaborations emerged. INSEAD will offer scholastic services, while partnerships with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes concentrated on management advancement and employment capacity building. 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 foster entrepreneurship advancement. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among trainees and the workforce, to name a few. Share
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