Soluções para os principais desafios dos mercados de trabalho globais debatidas em Riade

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We are gathered at a pivotal moment for the global Workforce what we are seeing the transformation of the world’s labor markets and ever more rabid demand for the jobs and skills of Tomorrow the opening remarks of Saudi Arabia’s minister of human resources and Social Development at the inaugural

Global labor market conference in the Kingdom’s Capital Riyad which attracted more than 6,000 participants including CEOs academics and G20 labor ministers focusing mines here on the ground in Saudi the mega Trends the policies and the Innovations restructuring labor markets right around the world also being discussed how best to build

Sustainable workforces for sustainable economies AI was an overarching theme too in particular how employees and employers could get ahead when it comes to Next Generation ICT despite its many labor market Milestones of Rec recent years not least increasing the number of Saudis employed in the private sector

From 1.7 to 2.3 million Saudi Arabia’s Ministry was candid about the work that lay ahead as you know the theme of this conference is is more toward the AI and then the artificial intelligence and the latest statistics says that it’s more than 133 million jobs will be created

From now until 2030 we need to improve the skills of the labor to be red for this uh for these jobs talk to me about the vulnerable in society and how we address inequalities in the labor market yeah this is very important in Saudi Arabia luckily we have grown from 177%

Women participation to 35% which is ahead of our Target in 2030 also we have uh the youth participation we are we have uh plans to increase the women youth participation especially the new graduates to have a new lead into into the the market whilst young populations challenge some Nations labor

Markets are the European countries face the opposite problem Minister if we look at your demographic and aging population in grease how does that play into your future labor market strategies this a very big problem for Greece as for the whole European Union maybe AI will help

Us on that to be honest because some of the um jobs that now will need human Force in the future will not need human Force anymore famously and historically Greece has had one of the highest unemployment rates in the world as we head into 2024 how are you positioned

For the first time in 14 years we are below 10% 99.6% we will need 2 or 3 years to reach the European average uh unemployment rate climate change in natural resource degradation are additional Mega Trends altering how we produce consume trade and work in the wake of cop 28 glmc

Analyzed the pain points of brokering a just transition whilst balancing Global labor markets World Bank estimates about 140 million migration already 1.2 billion going to 2050 um and that creates uh a a set of population that requires gainful employment um but unfortunately a lot of that is in the

Low income low skill sector now at the same time there’s a large Talent demand millions of jobs that are needed for uh climate mitigation and climate adaptation actions but most of these jobs instead are at a at a higher skill level to ensure nobody is Left Behind in

The delivery of a just inclusive and Equitable transition for energy and the international labor market some are calling for more gender focused Frameworks and Investments women for example make up a large proportion of the Agricultural sector in the global South up to 70% are most likely working in farms lowlevel low skilled labor

Intensive jobs so when climate change strikes and you have flooding a jobs are lost lands are lost she has to work harder sometimes pull her daughter her children out of school to join her now this children will contribute to Future unskilled labor markets and then that brings you that viscious cycle as glmc

Drew to its two-day close in Saudi for some it was almost the end of their working week we call it the 1800 rule 100% pay 80% time provided you get 100% productivity and who would have thought that healthier happier more engaged employees would be more productive and the productive discussions will continue

In the year ahead until glmc delegates and decision makers reconvene for the event second edition in Saudi next year