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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 and employment Memoranda of Understanding (MOU) between different entities, aiming to provide thousands of training chances and tasks for the worldwide workforce. This contract 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 efforts will concentrate on certifying varied groups, such as new graduates, ladies, and individuals with impairments, for appropriate work through specialised training programs, including development, academic efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for employment Economic Cooperation and Development (OECD), around 67 million young individuals are presently jobless, and almost 20 percent of individuals aged 15 to 54 are either used or participated in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative

These data have likewise shown that almost 40 percent of employers report troubles in filling jobs due to an inequality between labor force skills and employment labour market needs, with youth unemployment going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate need to develop comprehensive strategies to attend to these common obstacles successfully.” “Transforming them into chances, eventually we can all interact to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister likewise noted that the agreements concentrate on improving functional performance, cultivating development, and driving worth development 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 several notable partnerships emerged. INSEAD will provide scholastic services, employment while collaborations with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs focused on leadership development and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among trainees and the labor force, amongst others. Share
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