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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has experienced the signing of 31 contracts and Memoranda of Understanding (MOU) in between different entities, intending to provide thousands of training opportunities and jobs for the global labor force. This contract 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, in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on certifying varied groups, such as new graduates, women, internship.af and people with specials needs, for appropriate employment through specialised training programmes, including development, [empty] instructional efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are currently jobless, and almost 20 percent of individuals aged 15 to 54 are either used or taken part in education, organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative
These stats have also revealed that nearly 40 percent of employers report difficulties in filling vacancies due to a mismatch in between workforce abilities and labour market needs, with youth unemployment surpassing 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi said "These figures highlight the urgent requirement to develop comprehensive techniques to deal with these typical difficulties successfully." "Transforming them into opportunities, ultimately we can all work together to guarantee the prosperity of our economies, communities, and labor forces." The minister likewise noted that the agreements focus on boosting functional efficiency, fostering development, and driving value production in positioning with Saudi Vision 2030. Key entities associated with these arrangements include the Ministry of Human Resources and Social (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, 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 a number of noteworthy cooperations emerged. INSEAD will provide academic services, while partnerships with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs focused on management development and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst trainees and the labor force, amongst others. Share
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