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

The Global Labor Market Conference (GLMC), has actually witnessed the signing of 31 agreements and Memoranda of Understanding (MOU) between numerous entities, intending to provide thousands of training chances and jobs for the international labor force. 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, the Minister of Human Resources and Social Development, in addition to 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying diverse groups, such as brand-new graduates, females, and individuals with impairments, for suitable employment through specialised training programs, including advancement, academic initiatives, leadership preparation, employment and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are currently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either used or engaged in education, institutions, or training programs. Read also: Boost for employment business owners as IBPLC produces jobs with Hero apprenticeship initiative

These stats have actually also shown that nearly 40 percent of employers report problems in filling jobs due to a mismatch in between workforce skills and labour market demands, with youth unemployment exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said "These figures highlight the immediate need to establish thorough strategies to address these common obstacles effectively." "Transforming them into opportunities, ultimately we can all collaborate to ensure the prosperity of our economies, neighborhoods, and labor forces." The minister also noted that the agreements focus on enhancing operational efficiency, cultivating development, employment 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), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of Higher Education, employment the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC's MOU will see numerous noteworthy partnerships emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership development and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial development is the facility of the Transfer Centre, designed to advance cybersecurity abilities among students and the labor force, to name a few. Share
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