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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 contracts and Memoranda of Understanding (MOU) between different entities, intending to provide thousands of training opportunities and tasks for the global workforce. This was signed at the 2nd 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, in addition to 40 labour ministers. According to the ministers, these initiatives will focus on qualifying diverse groups, such as new graduates, women, and people with specials needs, for ideal employment through specialised training programmes, including advancement, educational initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are presently jobless, and almost 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, organizations, or training programs. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative

These data have actually also revealed that nearly 40 percent of companies report troubles in filling vacancies due to an inequality in between labor force skills 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 agreements, Alrajhi stated «These figures highlight the urgent requirement to develop extensive strategies to address these common challenges successfully.» «Transforming them into opportunities, eventually we can all work together to ensure the success of our economies, communities, and workforces.» The minister also noted that the contracts concentrate on boosting operational effectiveness, cultivating development, and driving worth creation in alignment with Saudi Vision 2030. Key entities involved in these contracts consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), https://teachersconsultancy.com/employer/147829/heifernepal 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 several noteworthy collaborations emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and pharmacy.locumsfirst.co.uk the Saudi Logistics Academy will deliver customized training programmes focused on leadership development and horizonsmaroc.com capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A significant development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among trainees and the labor force, among others. Share
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