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) between various entities, aiming to offer countless training opportunities and tasks for the worldwide workforce. This arrangement was signed at the 2nd edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, job 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 new graduates, females, and people with disabilities, for suitable employment through specialised training programs, including development, instructional efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are presently unemployed, and almost 20 percent of individuals aged 15 to 54 are either or taken part in education, organizations, or training programmes. Read also: Boost for job entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort

These stats have likewise revealed that almost 40 percent of employers report difficulties in filling vacancies due to a mismatch in between labor force 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 arrangements, Alrajhi stated “These figures highlight the urgent requirement to develop extensive strategies to deal with these common difficulties effectively.” “Transforming them into opportunities, eventually we can all collaborate to ensure the prosperity of our economies, neighborhoods, and workforces.” The minister also kept in mind that the contracts concentrate on boosting functional effectiveness, promoting development, and job driving value production in alignment 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, job 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 noteworthy cooperations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs concentrated on leadership advancement and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among students and the workforce, among others. Share
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