The Global Labor Market Conference (GLMC), has actually experienced the signing of 31 agreements and Memoranda of Understanding (MOU) between different entities, intending to supply thousands of training chances and tasks for the global workforce. This contract was signed at the second edition of the GLMC 2025, introduced 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 concentrate on qualifying varied groups, such as brand-new graduates, women, and job people with disabilities, for appropriate employment through specialised training programmes, including advancement, educational efforts, management preparation, and knowledge-sharing collaborations Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are presently out of work, and nearly 20 percent of individuals aged 15 to 54 are either employed or engaged in education, institutions, or training programs. Read likewise: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship effort

These statistics have likewise shown that almost 40 percent of employers report difficulties in filling jobs due to a mismatch in between labor force abilities and labour market demands, with youth joblessness going beyond 30 percent in some regions internationally. Related News Canadian province includes 13,000 kid care spaces, to increase to 28,000 by 2026, thus producing tasks
British Airways flight turns back as hazardous fumes make passengers and team sick
Customers' USSD access intact as banks settle USSD debt

Highlighting the significance of these agreements, Alrajhi said "These figures highlight the urgent requirement to develop extensive techniques to address these common obstacles efficiently." "Transforming them into chances, ultimately we can all collaborate to make sure the prosperity of our economies, communities, and workforces." The minister also kept in mind that the agreements focus on enhancing functional performance, cultivating development, and driving worth creation in alignment with Saudi Vision 2030. Key entities associated with these agreements include 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. The GLMC's MOU will see a number of notable cooperations emerged. INSEAD will provide scholastic services, while partnerships with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs concentrated on leadership advancement and capacity 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 promote entrepreneurship development. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst trainees and the workforce, to name a few. Share Join BusinessDay whatsapp Channel, to stay up to date

Top 10 African countries that got away low-income status considering that 2000

Five African cities offer most cost effective lease in 2025

Business Day, developed in 2001, is a day-to-day business newspaper based in Lagos. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It circulates in Nigeria and Ghana

Read More ...

For Digital Adverts: [e-mail secured] Call Us:08033225506, 08026011296, 07013338794 WhatsApp Us: 08068545123 Advert And Rates Copyright

BDFX. About Us. BD Foundation. BusinessDay Intelligence. BusinessDay Conferences & Events

LGAs financial autonomy deals with fresh obstacle on CBN demand

PDP heading for disaster in 2027, cautions

© 2025 - Businessday NG. All Rights Reserved.