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

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 arrangements and Memoranda of Understanding (MOU) between different entities, aiming to supply countless training opportunities and tasks for the worldwide 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 concentrate on qualifying varied groups, such as new graduates, women, and referall.us individuals with impairments, for ideal work through specialised training programs, consisting of advancement, educational initiatives, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are currently unemployed, and nearly 20 percent of people aged 15 to 54 are either used or taken part in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative

These data have also revealed that almost 40 percent of companies report problems in filling vacancies due to an inequality in between labor force 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 contracts, Alrajhi said “These figures highlight the urgent requirement to establish comprehensive methods to address these common obstacles effectively.” “Transforming them into chances, eventually we can all work together to make sure the prosperity of our economies, neighborhoods, and workforces.” The minister also noted that the arrangements concentrate on improving functional efficiency, promoting development, and driving worth production in alignment with Saudi Vision 2030. Key entities included in these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable cooperations emerged. INSEAD will supply scholastic services, while collaborations 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 leadership development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst trainees and the labor force, to name a few. Share
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