Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has witnessed the signing of 31 agreements and employment Memoranda of Understanding (MOU) between numerous entities, aiming to supply countless training chances and jobs for the worldwide workforce. This contract was signed at the second 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, together with 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying varied groups, such as new graduates, females, and people with specials needs, for suitable employment through specialised training programs, including development, instructional initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are presently unemployed, and nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC develops tasks with Hero apprenticeship effort
These data have actually also revealed that nearly 40 percent of employers report troubles in filling jobs due to an inequality between workforce skills and labour market demands, employment with youth joblessness exceeding 30 percent in some areas worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent requirement to develop thorough techniques to resolve these typical challenges successfully.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the arrangements concentrate on improving functional effectiveness, fostering innovation, and driving value development in positioning 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, employment INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, employment and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable partnerships emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs focused on leadership development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among students and the workforce, among others. Share
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