Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has seen the finalizing of 31 contracts and Memoranda of Understanding (MOU) in between numerous entities, aiming to supply countless training chances and tasks for the global labor force. This agreement 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 focus on qualifying varied groups, such as new graduates, women, and people with specials needs, for appropriate work through specialised training programs, including advancement, academic initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young individuals are currently unemployed, and nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, organizations, or training programmes. Read likewise: Boost for business owners as IBPLC develops tasks with Hero apprenticeship effort
These data have also revealed that almost 40 percent of employers report problems in filling jobs due to an inequality in between workforce skills and labour market needs, with youth joblessness surpassing 30 percent in some regions globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate requirement to establish extensive techniques to attend to these common challenges efficiently.” “Transforming them into opportunities, ultimately we can all collaborate to make sure the success of our economies, communities, and workforces.” The minister also kept in mind that the arrangements concentrate on improving operational efficiency, cultivating development, and driving value creation in alignment with Saudi Vision 2030. Key entities associated with these contracts 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, referall.us and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable cooperations emerged. INSEAD will supply scholastic services, while partnerships with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on management advancement and capability 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 promote entrepreneurship advancement. A considerable development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst students and the labor force, amongst others. Share
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