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Introduction MINISTERIAL ROUNDTABLE The GLMC Ministerial Roundtable The 2023 GLMC Ministerial Meeting gathered Ministers of Labor from 26 countries who were hosted by H.E. Al-Rajhi for a 100-minute roundtable where each minister contributed a brief statement on the topic «How to prepare workforces (educate young people and train/reskill workers) to be capable to work with tomorrow’s advanced technologies?» This year, the Ministerial Roundtable will host 45 Ministers from around the world. What role does the Ministerial Roundtable play in GLMC The Ministerial Roundtable incudes policy-makers in the Conference in a meaningful and mutually beneficial way and underscores its positioning in the Conference as a globally relevant, impactful and inclusive event that seeks the collaboration of a wide range of global stakeholders. When will it take place? 29 January 2025 Duration: 9:00-11:30 Future Investment Initiative, 7th Edition | October 24-26, 2023 | Riyadh Ministerial Roundtable for Ministers of Labor from around the world The meeting, to be hosted by His Excellency Al-Rajhi, would welcome his peers from around the world, with the aim of having multiple continents represented • The Ministerial Roundtable will include 45 Ministers • Format: Roundtable; each Minister will give remarks on the topic for two-three minutes. 2 MINISTERIAL ROUNDTABLE Protocol & Overview • The flags for each country will be • Table cards with the Ministers’ names placed on the table in front of each (double sided) will be placed on the seat table Future Investment Initiative, 7th Edition | October 24-26, 2023 | Riyadh Ministerial Roundtable - Context The Topic that will be covered is as follows: Innovative Solutions for Strengthening Youth Employment Across Diverse Markets Participating Ministers are invited to contribute their thoughts on the above topics in a brief address (up to three minutes), bringing the unique perspective of their respective countries and share relevant initiatives and policies with the group, focusing on lessons learnt. The agenda for the Roundtable is of high interest for the private sector as well. Ministerial Roundtable will therefore include an economist and a private sector leaders as well as Ministers of Labor. The session will be private (media will only be allowed to take photos for the first 10 minutes. Suggested action points will be shared afterwards but will not be attributed to countries or individuals. 3 MINISTERIAL ROUNDTABLE Overview Topic that will be covered: Innovative Solutions for Strengthening Youth Employment Across Diverse Markets Why this theme? Youth unemployment is a global issue, affecting advanced and developing economies alike. The global average of youth unemployment is approximately 15% and considerably higher in many countries (ILO) Employability decreases rapidly when entrants to the job market don’t find work The jury is out as to whether AI and other newer technology mostly threatens – or enhances workers - in lower-skilled and entry jobs or higher-skilled, senior jobs Suggested questions for the Ministers to cover What innovative solutions for strengthening youth employment have been applied, and with what results? What new initiatives or trials will be tested? Particularly with regards to getting young job seekers into jobs quickly. Based on evidence from the above, what impact on youth employability is technology considered to have? Future Investment Initiative, 7th Edition | October 24-26, 2023 | Riyadh Outcome Sharing experience of successful initiatives that can be replicated in other countries – and likewise those that deliver positive results Gathering evidence on the real role of AI and other newer technologies on employability of young people The full agenda of the Ministerial Roundtable will be shared with the confirmed Ministers, in due time 4 Logistics and Contact Logistics We are covering flight (business class), accommodation, and visa (if need be) for the participating Minister as well as one accompanying member from his/ her office (economy class flight, accommodation and visa). Contact If you have any question or inquiry, please contact the Program Team using the following email address: [email protected] Or directly Ms. Dalia Hamoud, on the following phone number: +966 XXXXXX Future Investment Initiative, 7th Edition | October 24-26, 2023 | Riyadh 5 THANK YOU [email protected] Global_LMC Global-LMC Global Labor Market Conference 2nd Edition Fact Sheet When & Where 29 – 30 January 2025 KAICC, Riyadh, Saudi Arabia Introduction The primary platform uniting all labor market stakeholders with the specific focus on inspiring innovative global solutions to labor market challenges returns to further build on the momentum launched in December 2023. As rapid global changes continue to impact the labor market, policymakers, employee representatives, business leaders, researchers and youth will come together to pursue solutions and advances that will effectively create a more balanced and beneficial landscape for all. From skills mismatches leading to youth unemployment, to technology advances requiring re-skilling and upskilling, keeping ageing workforces employable or the emergence of green jobs, we will hear from sector experts and thought leaders how to navigate multiple changes and generate prosperity. Beyond a conference, GLMC is becoming the international, independent platform of reference for the global labor market community. Our Vision To advance empowering and innovative labor markets that attract top talent, foster dynamism, and serve as global benchmarks for excellence. Our Mission To spearhead a global dialogue on future labor matters, providing a unique platform of exchange, fostering collaboration, and delivering positive impact on labor practices worldwide. Our Goal To establish GLMC as the premier platform and independent think tank dedicated to the future of labor markets​ - and a comprehensive global labor market ecosystem.  What’s New? Bespoke research project feeding the conference agenda and overall 01 mission of GLMC. 02 Amplified voice of youth representatives at and beyond the conference. 03 Addressing and engaging new labor cohorts. 04 Deeper and broader contributions of IOs. Decidedly moving from conference to continued action, transforming 05 GLMC into a global instigator of progress. What to Expect GLMC is the world’s on - going open, comprehensive and collaborative initiative for a fairer, more prosperous future for all labor market stakeholders. Integrating the needs and views of all stakeholders across all markets, each year we gather to further boost efforts and continue to pave the way forward, gathering more thought leaders and momentum. Join the movement and make a difference in the global labor market.  150+ 5,000+ 50+ Speakers Attendees Global & Local Conference Sessions Across Multiple Tracks The Conference o Ministerial Roundtable o Controversial Conversations & Debates o Impactful Keynotes o Partner Agoras & Bilateral Meetings o Action-Oriented Workshops o Academic Track o Thought-Provoking Panel Discussions o Labor Award Gala Dinner Ministerial Roundtable Building on the success at GLMC 2023, the Ministerial Roundtable in 2025 will convene 45+ international ministers, allowing for not only for follow-through on previous conversations, but also, an expansion of these. This high-level, closed-doors meeting will set the tone and give gravitas to GLMC 2025 and beyond offering a strong message of global intent.  Labor Market Leaders No event gathers the breadth of diverse leading voices from all the key labor market stakeholders. Meet, discuss and engage with: 01 International Government Representatives 02 Policymakers 03 CEOs of international and regional companies 04 Leaders of International Organizations 05 Labor Market Regulators 06 Researchers, Academics and Analysts 07 Employee Group Representatives  On the Agenda – 6 New Pillars 01 Forever Skilling Tech leaps, green jobs, and longer lives mean constant upskilling and reskilling. This pillar will take stock of what we have learnt about minimizing skills mismatches: What are effective ways of encouraging a culture of lifelong learning and what role do employers play? What impact is the use of digital technologies having on employment and pay? Would focusing on skill-based hiring as opposed to traditional credentials be more effective in the future labor market? 02 Productivity on the Mend. Maybe Some markets are showing increased productivity rates, but it’s far from a homogenous story around the world. We discuss which drivers of productivity (technology implementation, improved work conditions, organizational restructuring, reskilling programs…) leveraged by productivity leaders can be rolled out universally to create a more level field. 03 Youth in a Bind Young workers face a tough start: market-skills mismatches lead to underemployment, while fewer mid-management roles keep many in entry-level positions, and the un-skilled risk get trapped in the informal economy. How can we bridge the gap between young workers’ aspirations and expectations, and the realities of the labor market, to ensure they become productive, accomplished professionals who contribute to the growth of the economy? 04 The Win-Win of a Mobile Workforce Curbing brain drain and attracting talent fuels economies, but how do markets find equilibrium? Smart policies can help identify and signal in-demand skills, generating value for receiving and home markets alike. How can we better integrate job-seekers where they are needed? A win-win scenario awaits if we can solve this equation.  On the Agenda – 6 New Pillars 05 Growing Green Jobs for a Just Economy Climate change disrupts domestic and global labor markets, from heat stress to industry shifts, resulting in employment strains and even losses. At the same time, the transition to a greener economy creates demand for new skills, which are often better paid and lead to healthier jobs. This pillar considers how to ensure the green transition is inclusive and equitable, offering meaningful and productive jobs. Can we improve the supply of green skills through enhanced demand forecasting and training? 06 SMEs and New Work Models as Job Creators Over 90% of businesses globally are SMEs and these represent approximately 50% of all jobs. While they may not be able to match compensation packages offered by larger companies, they do often offer flexibility, and in addition, tend to be agile, have considerable innovation capacity and allow for faster career growth, which can make them particularly attractive to young workers. How can SMEs gain better support for growth, digital transformation and green initiatives, to generate more meaningful and productive jobs?  Thank You For more information on how to be part of the Global Labor Market Conference 2025, contact us on [email protected]