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

The Global Labor Market Conference (GLMC), employment has experienced the finalizing of 31 agreements and employment Memoranda of Understanding (MOU) between different entities, aiming to provide countless training opportunities and tasks for the international workforce. This contract 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, along with 40 labour ministers. According to the ministers, these initiatives will focus on certifying diverse groups, such as new graduates, ladies, and individuals with disabilities, for ideal employment through training programmes, consisting of advancement, employment academic initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently unemployed, and nearly 20 percent of people aged 15 to 54 are either used or participated in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC creates tasks with Hero apprenticeship initiative

These statistics have actually also revealed that almost 40 percent of companies report difficulties in filling vacancies due to a mismatch between labor force abilities and labour market demands, with youth unemployment 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 immediate need to establish detailed methods to address these typical obstacles efficiently.” “Transforming them into opportunities, eventually we can all interact to make sure the prosperity of our economies, communities, and workforces.” The minister likewise kept in mind that the arrangements focus on enhancing operational performance, promoting development, and driving value production in alignment with Saudi Vision 2030. Key entities involved in these arrangements include the Ministry of Human Resources and employment Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, employment UiPath, Bella Vista Institute of College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy cooperations emerged. INSEAD will provide scholastic services, while partnerships with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs concentrated on leadership development and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst students and the workforce, to name a few. Share
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