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Founded Date 4 October 1966
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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 contracts and Memoranda of Understanding (MOU) between numerous entities, intending to supply countless training opportunities and tasks for the international 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, together with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as brand-new graduates, ladies, and people with impairments, for appropriate employment through specialised training programs, consisting of development, instructional initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either used or engaged in education, employment organizations, or training programs. Read likewise: Boost for business owners as IBPLC develops jobs with Hero apprenticeship initiative

These statistics have likewise shown that almost 40 percent of companies report troubles in filling vacancies due to a mismatch between labor force skills and labour market needs, with youth unemployment exceeding 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent requirement to develop comprehensive techniques to resolve these common obstacles efficiently.” “Transforming them into chances, ultimately we can all interact to guarantee the prosperity of our economies, neighborhoods, and labor forces.” The minister likewise noted that the agreements focus on improving functional performance, promoting development, and driving worth development in positioning with Saudi Vision 2030. Key entities included in 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 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 offer 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 programmes focused on management advancement and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among trainees and the workforce, to name a few. Share
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Business Day, established in 2001, is a day-to-day service paper based in Lagos. It is the only Nigerian paper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It distributes in Nigeria and Ghana