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<br>The Global Labor Market Conference (GLMC), has witnessed the signing of 31 arrangements and Memoranda of Understanding (MOU) between numerous entities, intending to offer countless training opportunities and [jobs](https://www.eletalent.com) for the worldwide labor force. This agreement was signed at the second edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His [Excellency Engineer](https://sportworkplace.com) Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these will concentrate on certifying varied groups, such as new graduates, women, and people with disabilities, for suitable work through specialised training programs, including advancement, academic efforts, management preparation, and knowledge-sharing partnerships |
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Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are currently jobless, and nearly 20 percent of people aged 15 to 54 are either used or engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC creates jobs with [Hero apprenticeship](https://hcp.com.gt) initiative<br> |
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<br>These stats have also revealed that nearly 40 percent of employers report troubles in filling jobs due to a mismatch in between workforce abilities and labour market needs, with youth joblessness going beyond 30 percent in some regions worldwide. Related News |
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<br>Highlighting the significance of these agreements, Alrajhi said "These figures highlight the immediate requirement to establish comprehensive methods to attend to these typical difficulties effectively." "Transforming them into chances, eventually we can all work together to make sure the prosperity of our economies, communities, and workforces." The minister likewise noted that the agreements concentrate on improving functional performance, fostering development, and driving value production in alignment with Saudi Vision 2030. Key entities included in these arrangements consist of 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, and Princess Nourah bint Abdulrahman University. |
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The GLMC's MOU will see numerous noteworthy cooperations emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. 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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<br>Top 10 African countries that got away low-income status since 2000<br> |
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