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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 arrangements and Memoranda of Understanding (MOU) between various entities, aiming to supply countless training chances and tasks for the international workforce. This contract was signed at the second 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, together with 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 appropriate employment through specialised training programmes, consisting of advancement, instructional initiatives, leadership preparation, and employment knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently unemployed, and almost 20 percent of individuals aged 15 to 54 are either used or participated in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative

These statistics have likewise revealed that nearly 40 percent of companies report difficulties in filling vacancies due to an inequality in between labor force abilities and labour market demands, with youth joblessness surpassing 30 percent in some areas worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the immediate requirement to develop extensive methods to address these common obstacles effectively.” “Transforming them into chances, ultimately we can all work together to guarantee the success of our economies, communities, and workforces.” The minister also noted that the arrangements focus on enhancing functional performance, employment promoting development, and driving worth development in positioning with Saudi Vision 2030. Key entities associated with 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, the Saudi Logistics Academy, the Ministry of Tourism, and employment Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable partnerships emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes focused on management development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A significant development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among students and the labor force, to name a few. Share
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