Latest news with #GLMC
Arab News
30-01-2025
- Business
- Arab News
Artificial intelligence is redefining human relationship to work, says Takamol CEO
RIYADH: Technology has fundamentally redefined the relationship between humans and work over the past two decades, presenting both immense opportunities and unprecedented challenges, Ahmad Al-Yamani, CEO of Takamol, told Arab News. Al-Yamani said: 'Technology should complement our intelligence, not replace it,' emphasizing the urgency of preparing the workforce for this transformation. He cited research from the Global Labor Market Conference, which found that employees worried that technological advances were disrupting the job market: 'More than 50 percent of workers surveyed across 14 countries fear their skills could become partially or fully obsolete within the next five years.' For Saudi workers, 23 percent expressed concerns that computers and robots might replace their jobs. However, Al-Yamani claimed that this evolution provided a pivotal opportunity to adapt and innovate alongside advanced technologies. He spoke about how the use of technology was spreading and 'taking over various aspects of our lives.' Al-Yamani called for a comprehensive overhaul of skills and education systems, warning that the current workforce was ill-prepared for the pace of technological change. 'We must reprioritize education to prepare for an economy that will eventually no longer exist,' he said, advocating for proactive policies to prevent economic instability and ensure inclusivity. The CEO highlighted the pressing need to embrace the discomfort of change brought about by rapid technological advancement, while posing a critical question: 'Are we going to allow AI to amplify inequality, or will we utilize it to level the playing field?' Al-Yamani said that the answer depended on the boldness of actions taken today: 'Those who adapt will ultimately thrive.' On the rise of generative AI, he said that this technology had shifted from being a supportive tool to becoming a creator. 'With generative AI, machines are producing works such as movies, books and paintings that feel almost human.' Despite AI's capabilities, Al-Yamani stressed the irreplaceable value of genuine human connection. 'We need to invest in relationships and a healthier, more interactive society,' he said, suggesting initiatives such as reducing the work week to four days to strengthen social bonds. He warned: 'Without strong social connections, we risk isolation, subordination to machines and losing what truly makes life meaningful.' Al-Yamani addressed the uncertainty surrounding the pace of AI's transformation: 'AI might reshape everything in five years, or several decades, we aren't exactly sure.' Despite this unpredictability, he emphasized a clear path forward; investing in humanity. Looking ahead, Al-Yamani emphasized the importance of collaboration among global labor stakeholders to address these challenges. Platforms such as the GLMC provided critical spaces where governments, employers and workers could align their priorities. 'Workers want fair opportunities and security, governments seek stability, and businesses strive for innovation and growth. These priorities are interconnected,' he said, calling for unified efforts to craft meaningful solutions. Al-Yamani said that in a time of rapid technological change, 'collaboration remains our most powerful tool to secure a better, more equitable future.'
Argaam
30-01-2025
- Business
- Argaam
HRSD implemented 80% of Labor Market Strategy: Minister
Minister of Human Resources and Social Development (HRSD) Ahmad AlRajhi said that the ministry launched many initiatives to support the labor market, including the Labor Market Strategy, which was launched in 2020, 80% of which was implemented so far. In a statement on the sidelines of the Global Labor Market Conference (GLMC), AlRajhi said that the number of Saudis working in the private sector increased from 1.7 million to 2.4 million within four years, while the women's participation increased from 20% before launching Saudi Vision 2030 to 36%, exceeding the specified target for 2030. During the GLMC, the minister announced the launch of two main initiatives, including the International Labor Market Academy in partnership with the World Bank with the aim of training policymakers to develop appropriate strategies for the labor market, where 50 policy makers will be trained this year, 200 in the next year, and 300 in 2027. The initiatives include the future work report, as a strategic report that provides data and analyzes to support decision makers in addressing the challenges of the labor market, he added. The GLMC is witnessing today a qualitative leap in participation, as the number of participants reached 5,000 from 100 countries, compared to 2,000 participants from 70 countries in the previous version, which reflects the growing global interest in the challenges of the labor market, AlRajhi further indicated. Moreover, he noted that the ministerial round table meeting focused on employing youth and reducing unemployment rate, as well as highlighting three main axes of the conference this year, including the skills gap and the requirements of the labor market, the population change and its impact on the labor market, and the green economy and the unemployment rate among youth. This conference is not just an annual event, but a pivotal platform that contributes to the development of strategic solutions for the global labor market, and we look forward to continuing this momentum, the minister concluded.
Zawya
30-01-2025
- Business
- Zawya
Minister Al-Rajhi reaffirms Saudi Arabia's global leadership and commitment to collaboration at the GLMC
RIYADH, Saudi Arabia,/PRNewswire/ -- Opening the second edition of the Global Labor Market Conference (GLMC), His Excellency Ahmed bin Sulaiman Al-Rajhi, Minister of Human Resources and Social Development, emphasized Saudi Arabia's unwavering commitment to fostering international collaboration and driving innovative solutions to address global labor market challenges. He further underscored the Kingdom's dedication to building a future-ready workforce and ensuring inclusivity and resilience, in alignment with Vision 2030. On the margins of the GLMC, Minister Al-Rajhi met with His Excellency Gilbert Houngbo, Director-General of the International Labour Organization (ILO), to discuss enhanced cooperation between Saudi Arabia and the ILO. A key outcome of these discussions was the signing of a framework cooperation agreement, focusing on the Junior Professional Officer and Secondment Programs. This agreement underscores the Kingdom's commitment to aligning with global best practices and providing young professionals with valuable international training opportunities, further advancing sustainable labor market development. Minister Al-Rajhi also held a series of high-level bilateral meetings with ministers and officials from Argentina, Kenya, Jordan, Nepal, Pakistan, and Indonesia. These discussions centered on mutual labor market challenges, strategies for building resilient economies, and preparing workforces for the future. At the conference, the Minister set out two key initiatives including the launch of the Global Labor Market Academy in partnership with the World Bank. The Academy – based in Riyadh – will provide policymakers worldwide, particularly in middle and low-income countries, with the tools to design and implement effective labor market reforms. The second initiative – the "Navigating Tomorrow" Report – analyzes global labor market trends, identifies key skills and outlines strategies to close skills gaps through lifelong learning and innovative public-private partnerships. The GLMC brought together over 5,000 participants from 150 countries, including 200 international speakers, CEOs, labor ministers, policymakers, and industry experts. As a vital platform for collaboration, it facilitated the exchange of ideas, strengthened international relationships, and showcased actionable solutions to pressing labor market issues. SOURCE Global Labor Market Conference
Leaders
29-01-2025
- Business
- Leaders
ILO Director-General Hails Saudi Leadership in Driving Global Labor Market Future
The Director-General of the International Labor Organization (ILO), Gilbert Houngbo, praised Saudi Arabia's leading role in driving the future of the global labor market, reported the Saudi Press Agency (SPA). Moreover, Houngbo highlighted the reforms undertaken by Saudi Arabia under Vision 2030 to enhance the work environment, raise market competitiveness and achieve sustainable economic development. Key Reforms In his remarks to SPA, during his participation in the Global Labor Market Conference (GLMC) in Riyadh, the ILO Director-General noted that the Kingdom has succeeded in developing the labor market through a series of substantial reforms. These include improving labor laws, enhancing workplace safety and health standards, and promoting youth and women's employment. He added that these reforms have made Saudi Arabia a global model for creating modern and advanced workplaces. Enhancing Labor Market Furthermore, Houngbo said that the Kingdom's efforts 'underscore a firm commitment to creating a more flexible and fair labor market, in line with the international standards we all seek to achieve.' The ILO Director-General also pointed to Saudi Arabia's commitment to localizing jobs, empowering women, and investing in skills' development. This, in turn, reflects positively on providing sustainable job opportunities and boosting economic growth. He also noted that the Kingdom's adoption of national policies to combat forced labor emphasizes its commitment to international labor standards and places it among the world's leading countries in promoting just and equitable working conditions. Digital Transformation Moreover, Houngbo highlighted Saudi Arabia's leadership in digital transformation and its efforts in addressing the challenges of climate change. Pleased to join the Ministerial Roundtable at #GLMC2025 in Riyadh with 40 labour ministers. Investing in #YouthEmployment means:✅ Skills aligned with market needs✅ Proactive job policies ✅ Youth at the decision-making table Let's work together for #DecentWork for all! — Gilbert F. Houngbo (@GilbertFHoungbo) January 29, 2025 The ILO Director-General said that the Kingdom's investments in advanced technologies and sustainability enhancement give it the opportunity to lead global efforts in achieving a 'just transition' to a sustainable economy that balances growth and social justice. A Model to Follow Additionally, Houngbo noted that Saudi Arabia is a strategic partner in international efforts to promote social justice and inclusive growth. He also highlighted the collaboration between the ILO and the Kingdom across various fields, including occupational safety, skills alignment, and social protection. He stressed that Saudi Arabia's experience can serve as a model for other countries to modernize their labor markets. Saudi Arabia is hosting the Global Labor Market Conference (GLMC) in Riyadh, from January 29-30, 2025, bringing together industry experts, thought leaders and policymakers to discuss the latest trends and innovations that are shaping the future of labor market. Short link : Post Views: 18
Argaam
29-01-2025
- Business
- Argaam
700,000 jobs created for Saudis in private sector in 2024: AlRajhi
The private sector workforce reached 12 million, with the number of Saudi employees rising from 1.7 million to 2.4 million in 2024, adding 700,000 new jobs for citizens, said Minister of Human Resources and Social Development Ahmed AlRajhi. Speaking at the Global Labor Market Conference (GLMC), AlRajhi highlighted Saudi Arabia's pioneering efforts to support and empower the workforce in line with Vision 2030. The minister noted that the unemployment rate decreased to 3.7% by the end of Q4 2024, down from 5.7% in 2020, while female labor force participation increased to 36%, surpassing Vision 2030 targets. He also pointed out the significant transformations occurring in the labor market due to ongoing technological advancements, demographic shifts, and shortages of skilled labor, emphasizing the need for proactive measures to create sustainable labor markets that can adapt to future changes. AlRajhi also unveiled two key initiatives designed to turn challenges into opportunities: the Labor Market Academy, based in Riyadh, which aims to enhance workforce skills and training, and the Future Outlook Report, offering in-depth, research-based recommendations and innovative strategies to address skill gaps and promote lifelong learning.
