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

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 contracts and Memoranda of Understanding (MOU) in between different entities, aiming to provide countless training chances and tasks for the global labor force. This agreement was signed at the 2nd 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, along with 40 labour ministers. According to the ministers, these efforts will concentrate on certifying varied groups, such as brand-new graduates, females, and people with impairments, for suitable employment through specialised training programs, including development, educational initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are currently jobless, and almost 20 percent of people aged 15 to 54 are either employed or participated in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative

These stats have actually also shown that nearly 40 percent of employers report problems in due to a mismatch in between labor force skills and labour market needs, with youth unemployment exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said "These figures highlight the immediate need to develop thorough methods to resolve these common difficulties effectively." "Transforming them into opportunities, ultimately we can all work together to make sure the prosperity of our economies, communities, and labor forces." The minister also kept in mind that the arrangements concentrate on boosting operational performance, fostering development, linked web site and driving worth production in positioning 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, [empty] 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 offer academic services, while partnerships with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on leadership advancement and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among students and the workforce, to name a few. Share
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