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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 contracts and Memoranda of Understanding (MOU) in between numerous entities, intending to supply countless training chances and jobs for the worldwide labor force. This contract 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, together with 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying varied groups, such as new graduates, women, and people with specials needs, for through specialised training programs, including advancement, educational efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently unemployed, employment and almost 20 percent of people aged 15 to 54 are either utilized or taken part in education, employment organizations, or training programs. Read also: Boost for business owners as IBPLC produces tasks with Hero apprenticeship initiative

These statistics have likewise shown that almost 40 percent of employers report problems in filling vacancies due to an inequality between labor force skills and labour market demands, with youth unemployment exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate need to develop extensive methods to resolve these common obstacles successfully.” “Transforming them into opportunities, eventually we can all collaborate to guarantee the prosperity of our economies, neighborhoods, and labor forces.” The minister likewise noted that the arrangements concentrate on enhancing functional performance, fostering innovation, and driving value production in positioning with Saudi Vision 2030. Key entities involved in these agreements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), employment Takamol Holding, INSEAD, UiPath, Bella Vista Institute of College, the Saudi Logistics Academy, the Ministry of Tourism, and employment Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy cooperations emerged. INSEAD will offer scholastic services, while partnerships with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership advancement and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst trainees and the labor force, to name a few. Share
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