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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between different entities, intending to offer countless training chances and jobs for the global workforce. This arrangement was signed at the 2nd 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, along with 40 labour ministers. According to the ministers, these efforts will focus on certifying varied groups, such as new graduates, ladies, and individuals with disabilities, for appropriate work through specialised training programs, consisting of advancement, instructional efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC creates tasks with Hero apprenticeship effort


These data have likewise shown that nearly 40 percent of companies report difficulties in filling vacancies due to a mismatch in between workforce skills and labour market demands, with youth joblessness going beyond 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi said "These figures highlight the urgent need to establish thorough methods to resolve these common difficulties efficiently.