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

The Global Labor Market Conference (GLMC), has actually experienced the signing of 31 agreements and Memoranda of Understanding (MOU) between various entities, aiming to provide countless training chances and tasks for the worldwide labor force. This agreement 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 qualifying varied groups, such as brand-new graduates, ladies, and people with impairments, employment for appropriate employment through specialised training programmes, advancement, instructional efforts, leadership preparation, and employment knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are presently jobless, and nearly 20 percent of people aged 15 to 54 are either used or engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort

These data have also revealed that nearly 40 percent of companies report problems in filling jobs due to a mismatch between workforce abilities and labour market needs, with youth unemployment surpassing 30 percent in some regions globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent requirement to establish detailed methods to address these typical difficulties effectively.” “Transforming them into opportunities, ultimately we can all work together to ensure the prosperity of our economies, neighborhoods, and workforces.” The minister also kept in mind that the contracts concentrate on boosting functional efficiency, cultivating development, and driving value development in positioning with Saudi Vision 2030. Key entities associated with these agreements 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 a number of notable partnerships emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes concentrated on management advancement and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst trainees and employment the workforce, amongst others. Share
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