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 thousands of training opportunities and jobs for the international workforce. This contract was signed at the second edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying diverse groups, such as new graduates, females, and people with specials needs, for appropriate employment through specialised training programs, consisting of advancement, academic initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people 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 business owners as IBPLC produces tasks with Hero apprenticeship initiative

These statistics have likewise shown that nearly 40 percent of companies report problems in filling vacancies due to an inequality between labor force abilities and demands, with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, referall.us Alrajhi stated “These figures highlight the immediate need to establish thorough techniques to deal with these common challenges effectively.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the success of our economies, communities, and labor forces.” The minister also noted that the agreements concentrate on improving operational effectiveness, cultivating development, and driving worth development in positioning with Saudi Vision 2030. Key entities associated with these arrangements 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, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy collaborations emerged. INSEAD will supply scholastic services, while partnerships with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs concentrated on management development and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst students and the workforce, among others. Share
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