GLMC to Host Workshop at Misk Global Forum

The Global Labor Market Conference (GLMC) has announced its participation in the Misk Global Forum, taking place in Riyadh from November 18 to 19, 2024, where it will host a workshop titled “Silver and Bold: Shaping Tomorrow’s Workforce Together” on November 19 at the Skills Dukkan venue. The announcement, released via the Saudi Press Agency, underscores the Kingdom’s growing role as a convenor of global conversations on the future of work. The workshop will bring together distinguished speakers, including Johannes Koettl, Senior Economist at the World Bank Group and Member of the GLMC Scientific Committee, and Mohammed Al-Kabour, Director of the Riyadh Behavioral Insights Center for Labor Market Policies at the Ministry of Human Resources and Social Development, and Member of the GLMC Scientific Committee.

Held under the pillar of “Innovation,” the session will explore how collaboration across generations can reshape careers, expand knowledge, and create a future where every contribution matters. The Misk Global Forum, an annual gathering organized by the Misk Foundation, is a flagship platform for youth empowerment and cross-sector dialogue. GLMC’s participation reflects a shared commitment to bridging generational gaps in the workplace and preparing a dynamic, inclusive workforce for the decades ahead. What does it take to build a labor market where both young upstarts and experienced workers thrive together? The answers may emerge from this timely discussion in Riyadh.

Context and Background

The Global Labor Market Conference was established as a global platform dedicated to shaping the future of work through insights, ideas, trends, dialogue, knowledge sharing, and the exchange of data. Since its inception, GLMC has positioned itself as a bridge between policymakers, economists, business leaders, and academics, with a particular focus on the rapidly evolving dynamics of labor markets worldwide. Its Scientific Committee includes experts from international institutions such as the World Bank Group, ensuring that its recommendations are grounded in rigorous research and practical experience. The upcoming workshop at the Misk Global Forum is a testament to this commitment, offering a platform for thought leaders to share their expertise with a diverse audience.

The Misk Global Forum, meanwhile, has become a cornerstone of Saudi Arabia’s efforts to engage young people in shaping their own futures. Organized by the Misk Foundation, which was established by Crown Prince Mohammed bin Salman, the forum attracts thousands of participants from around the world each year. It features workshops, panel discussions, and networking opportunities designed to equip youth with the skills and mindset needed to navigate a changing world. By hosting a workshop at this event, GLMC is aligning its labor market expertise with Misk’s youth-focused mission, creating a natural synergy that benefits both organizations and, ultimately, the participants.

Why does intergenerational collaboration matter now more than ever? Labor markets globally are undergoing profound transformations driven by technological advancements, demographic shifts, and changing expectations about work. In many countries, aging populations mean that experienced workers are staying in the workforce longer, while younger generations bring new digital skills and fresh perspectives. Bridging these groups is not just a matter of social harmony; it is an economic imperative. The “Silver and Bold” workshop directly addresses this challenge, positioning Saudi Arabia as a proactive leader in fostering inclusive workforce strategies.

Key Details of the Workshop

The workshop, titled “Silver and Bold: Shaping Tomorrow’s Workforce Together,” will take place on November 19 at the Skills Dukkan venue within the Misk Global Forum. According to the press release issued by GLMC, the session will explore how collaboration across generations can reshape careers, expand knowledge, and create a future where every contribution matters. The discussion aims to bridge the generational gap in the workplace, showcasing how young upstarts and experienced workers can thrive together. Attendees will gain valuable insights into the benefits of intergenerational collaboration and how it can drive innovation and growth in the labor market.

The speakers bring a wealth of expertise to the table. Johannes Koettl, Senior Economist at the World Bank Group and Member of the GLMC Scientific Committee, has extensive experience in labor economics and social protection policies. His work at the World Bank involves advising governments on how to design labor market interventions that promote employment and productivity. Mohammed Al-Kabour, Director of the Riyadh Behavioral Insights Center for Labor Market Policies at the Ministry of Human Resources and Social Development, and also a Member of the GLMC Scientific Committee, brings a deep understanding of behavioral economics and its application to labor market policies in Saudi Arabia. Together, they will lead a conversation that is both globally informed and locally relevant.

Under the pillar of “Innovation,” the workshop will address key topics such as knowledge transfer, mentorship, and the integration of diverse perspectives in creating a dynamic and inclusive workforce. Knowledge transfer is particularly important as organizations seek to retain institutional memory while embracing new technologies. Mentorship programs that pair younger employees with seasoned professionals can accelerate skill development and foster loyalty. The integration of diverse perspectives—whether across age, gender, or cultural backgrounds—has been shown to drive creativity and problem-solving. By focusing on these areas, the workshop provides actionable takeaways for employers, policymakers, and individuals alike.

How can mentorship programs be designed to benefit both mentors and mentees? Research suggests that effective mentorship is reciprocal: younger workers gain guidance and networks, while experienced workers gain fresh insights and a renewed sense of purpose. The workshop will likely highlight case studies and best practices from around the world, offering a roadmap for organizations in Saudi Arabia and beyond. As the Kingdom continues its ambitious Vision 2030 journey, such initiatives are essential for building a resilient and future-ready workforce.

International and Regional Impact

The participation of GLMC in the Misk Global Forum signals Saudi Arabia’s growing influence in global labor market discussions. By hosting a workshop that features a World Bank Group senior economist alongside a Saudi ministry official, the Kingdom is demonstrating its ability to convene international expertise and facilitate cross-border dialogue. This is consistent with Saudi Arabia’s broader diplomatic and economic strategy, which seeks to position the country as a hub for international organizations, conferences, and knowledge exchange. The Misk Global Forum itself attracts participants from dozens of countries, making it an ideal venue for sharing Saudi perspectives and learning from global experiences.

Regionally, the workshop’s emphasis on intergenerational collaboration resonates with the demographic realities of the Middle East and North Africa. Many countries in the region have young, fast-growing populations, while also benefiting from the wisdom of older generations. By promoting policies and practices that leverage both, Saudi Arabia can serve as a model for its neighbors. Moreover, the workshop’s focus on innovation and inclusivity aligns with the objectives of the Gulf Cooperation Council and other regional bodies that prioritize human capital development. The insights generated at the Misk Global Forum could inform regional strategies for addressing youth unemployment and skills gaps.

What can other nations learn from Saudi Arabia’s approach to workforce development? The Kingdom’s Vision 2030 includes ambitious targets for increasing women’s participation in the labor force, boosting private sector employment, and enhancing the skills of Saudi youth. Initiatives like the GLMC workshop complement these goals by fostering a culture of continuous learning and collaboration. International observers have noted that Saudi Arabia’s labor market reforms are among the most comprehensive in the region, and platforms like the Misk Global Forum provide valuable opportunities to share progress and gather feedback. As the global economy becomes more interconnected, such exchanges will only grow in importance.

Economic and Strategic Significance

The economic implications of intergenerational collaboration are substantial. According to studies by the World Bank and other institutions, countries that successfully integrate older and younger workers into the labor market can achieve higher productivity, lower unemployment, and greater social cohesion. For Saudi Arabia, which is diversifying its economy away from oil dependence, maximizing the potential of its entire workforce is critical. The workshop’s discussions on knowledge transfer and mentorship can help companies reduce the costs associated with skills shortages and turnover, while also fostering innovation that drives competitiveness. By investing in human capital, the Kingdom is building the foundation for sustainable growth.

Strategically, GLMC’s involvement in the Misk Global Forum reinforces Saudi Arabia’s commitment to multilateralism and knowledge diplomacy. The Global Labor Market Conference itself is an initiative that brings together stakeholders from around the world to address common challenges. Its Scientific Committee includes members from international organizations, ensuring that its work is evidence-based and globally relevant. By participating in a youth-oriented event like the Misk Global Forum, GLMC is also signaling that the future of work must be shaped with, not just for, the next generation. This inclusive approach is likely to enhance the Kingdom’s reputation as a forward-thinking leader on labor issues.

How does the private sector benefit from such collaborations? Employers who embrace intergenerational diversity often see improvements in problem-solving, employee engagement, and customer understanding. The workshop will provide a platform for business leaders to learn from experts and peers, potentially leading to new partnerships and initiatives. As Saudi Arabia continues to attract foreign investment and expand its private sector, the demand for skilled workers will only increase. Events like this help ensure that the workforce is prepared to meet that demand, with the right mix of experience and innovation.

Vision 2030 Alignment

The workshop aligns seamlessly with Saudi Arabia’s Vision 2030, which aims to build a vibrant society, a thriving economy, and an ambitious nation. One of the vision’s key objectives is to increase the participation of women and youth in the labor market, while also enhancing the skills and productivity of the workforce. By promoting intergenerational collaboration, the GLMC workshop contributes directly to these goals. It encourages knowledge transfer from experienced professionals to younger workers, supports mentorship as a tool for career development, and highlights the value of diverse perspectives in driving innovation. These are precisely the elements needed to create a dynamic and inclusive labor market that can compete globally.

Furthermore, the Misk Global Forum is itself a product of Vision 2030’s emphasis on empowering young people. The Misk Foundation, established by Crown Prince Mohammed bin Salman, has become a global leader in youth engagement, offering programs in entrepreneurship, leadership, and creativity. By partnering with the Misk Global Forum, GLMC is leveraging this platform to reach a wide audience and amplify its message. The collaboration also demonstrates how different entities within Saudi Arabia’s ecosystem—government ministries, international organizations, and non-profits—can work together to achieve shared objectives. As the Kingdom continues its transformation, such partnerships will be essential for turning vision into reality.

In conclusion, the Global Labor Market Conference’s workshop at the Misk Global Forum represents a significant step forward in shaping the future of work. By bringing together experts like Johannes Koettl and Mohammed Al-Kabour, and by focusing on innovation, mentorship, and generational collaboration, the workshop will provide valuable insights for participants and stakeholders. It reflects Saudi Arabia’s proactive approach to labor market development and its commitment to Vision 2030. As the global economy evolves, the Kingdom is positioning itself as a leader in fostering inclusive, future-ready workforces. The outcomes of this workshop will likely resonate far beyond Riyadh, contributing to a global conversation about how best to harness the talents of all generations.

20 Questions

Q1. What is the Global Labor Market Conference (GLMC)?

A1. The Global Labor Market Conference is a platform dedicated to shaping the future of work through insights, dialogue, and data exchange. It brings together policymakers, economists, and business leaders to address labor market challenges and opportunities worldwide.

Q2. What is the Misk Global Forum?

A2. The Misk Global Forum is an annual event organized by the Misk Foundation that empowers youth through workshops, panels, and networking. It attracts thousands of participants globally and is a key initiative under Saudi Arabia’s Vision 2030.

Q3. When and where will the GLMC workshop take place?

A3. The workshop will be held on November 19, 2024, at the Skills Dukkan venue during the Misk Global Forum in Riyadh, Saudi Arabia. The forum itself runs from November 18 to 19.

Q4. What is the title of the workshop?

A4. The workshop is titled “Silver and Bold: Shaping Tomorrow’s Workforce Together.” It focuses on how intergenerational collaboration can reshape careers and create a future where every contribution matters.

Q5. Who are the featured speakers at the workshop?

A5. The speakers are Johannes Koettl, Senior Economist at the World Bank Group and Member of the GLMC Scientific Committee, and Mohammed Al-Kabour, Director of the Riyadh Behavioral Insights Center for Labor Market Policies and Member of the GLMC Scientific Committee.

Q6. What does “Silver and Bold” refer to?

A6. The title symbolizes the blending of experienced, older workers (silver) with the bold, innovative spirit of younger generations. It highlights the value of collaboration across age groups in the workplace.

Q7. What pillar is the workshop held under?

A7. The workshop is held under the pillar of “Innovation.” This reflects its focus on knowledge transfer, mentorship, and integrating diverse perspectives to drive growth in the labor market.

Q8. What topics will the workshop address?

A8. Key topics include knowledge transfer, mentorship, and the integration of diverse perspectives. These are aimed at creating a dynamic and inclusive workforce that benefits from intergenerational collaboration.

Q9. Why is intergenerational collaboration important?

A9. It bridges the gap between young and experienced workers, fostering knowledge exchange and innovation. This collaboration enhances productivity, reduces skills shortages, and creates a more resilient labor market.

Q10. How does the workshop align with Vision 2030?

A10. It supports Vision 2030’s goals of increasing workforce participation, empowering youth, and enhancing skills. By promoting mentorship and inclusivity, it contributes to building a vibrant and competitive economy.

Q11. What is the role of the GLMC Scientific Committee?

A11. The Scientific Committee provides expert guidance and ensures that GLMC’s work is evidence-based. Its members include international economists and Saudi officials who contribute to research and policy recommendations.

Q12. How can attendees benefit from the workshop?

A12. Attendees will gain insights into intergenerational collaboration, learn best practices from experts, and network with professionals. They can apply these lessons to their own organizations to drive innovation and growth.

Q13. What is the Misk Foundation?

A13. The Misk Foundation is a non-profit organization established by Crown Prince Mohammed bin Salman to empower Saudi youth. It focuses on entrepreneurship, leadership, and creativity through various programs and events.

Q14. How does GLMC contribute to global labor market discussions?

A14. GLMC facilitates dialogue, shares data, and promotes best practices among stakeholders worldwide. Its conferences and workshops bring together experts to address common challenges and shape future policies.

Q15. What is the significance of the World Bank’s involvement?

A15. The World Bank’s participation brings global expertise and credibility to the workshop. It highlights Saudi Arabia’s commitment to international cooperation and evidence-based labor market policies.

Q16. What is the Riyadh Behavioral Insights Center?

A16. The center is part of Saudi Arabia’s Ministry of Human Resources and Social Development. It applies behavioral economics to design effective labor market policies, improving employment outcomes and productivity.

Q17. How can organizations implement intergenerational mentorship?

A17. Organizations can create structured mentorship programs, encourage reverse mentoring, and foster a culture of continuous learning. Such initiatives help transfer knowledge and bridge generational gaps.

Q18. What are the economic benefits of intergenerational collaboration?

A18. It leads to higher productivity, lower turnover, and greater innovation. By leveraging the strengths of all age groups, economies can achieve sustainable growth and competitiveness in the global market.

Q19. How does the workshop support youth empowerment?

A19. It provides young participants with access to experienced mentors and insights on career development. This empowers them to take active roles in shaping their futures and contributing to the economy.

Q20. Where can one find more information about the workshop?

A20. For more information about the workshop or to register for the Misk Global Forum, please visit miskglobalforum.com. The website provides details on the agenda, speakers, and registration process.

Reader Feedback

We value your thoughts. Please share your feedback on this article.

Name *

Message *

Your feedback helps us improve our coverage.