Despite a stable GDP growth of 5.1% as of May 2014, the Kingdom of Saudi Arabia still faces a slow change rate in its workforce. Total unemployment in the country is 5.56% of the total workforce, according to 2013 data from the Central Department of Statistics & Information of Saudi Arabia, and there is a stark difference when you look specifically at women’s employment rate.
Of the 1.76 million female workforce in Saudi Arabia, over 20% of them are unemployed.
Dedicated to help improve unemployment figures as well as enhance the availability of a qualified workforce, Saudi Arabia has committed to an investment of over SAR 200 billion.
Sharing this vision to enhance the Kingdom’s workforce to achieve a more diverse, inclusive and qualified workforce, Monster.com, a leading online global career recruitment solutions provider, is supporting the upcoming 2nd Annual Talent & Diversity Leadership Forum 2014, on the 10th and 11th of December in Riyadh.
Furthermore, Monster.com is the official awards sponsor of the 2nd Employer Achievement Awards designed to recognise the remarkable contributions and success of diverse and inclusive organisations across the Kingdom.
Sanjay Modi, Managing Director – India, Middle East, South East Asia, Hong Kong, Monster.com, will be presenting the awards on the 10th of December to the winners of the Employer Achievement Awards.
Highlighting their commitment to developing the local workforce, he noted that “Monster recognises that there is an enormous pool of talent in Saudi Arabia, with huge potential. However, we also recognise that there is a skill mismatch inhibiting nationals from being employed in the private sector. To address this, we have developed additional online job search solutions for the region, in both Arabic and English, to match candidates’ skills and career stages to relevant jobs. These smart job recommendation tools are part of Monster’s commitment to help job seekers find better jobs and help employers find better talent. Monster also helps job seekers with career advice, through Monster’s online Career Centre.”
Speaking about the forum, Sophie Le Ray, CEO, naseba added, “This forum is designed around the importance and impact of human capital for achieving sustained economic development in the Kingdom. A diverse and inclusive environment acknowledges individual uniqueness and promotes respect, personal achievement and leadership.”
Taking place on December 10th – 11th 2014 at the Intercontinental Hotel in Riyadh, the forum is hosting up to 150 of the Kingdom’s leading HR, Talent and Development professionals.
Other companies supporting the forum include AstraZeneca, SABB, PepsiCo, OilWell 7 and Effat University.