Challenges Facing Saudi Arabia’s Labour Market
In Saudi Arabia, human resource development is crucial to the country’s social, cultural, and economic growth. Despite the progress made, the labour market continues to struggle to adapt to the changing economic needs of the country. The National Human Resource Development (NHRD) framework is a step in the right direction, as it empowers HR professionals to address larger national challenges. A key challenge facing Saudi Arabia is the disparity between the supply and demand of skilled workers. The Human Capability Development Program (HCDP), launched in 2021, aims to address this issue by providing citizens with the skills needed to compete in the global market. However, the program faces several hurdles, including:
•
- Insufficient funding: The program relies heavily on government funding, which can be unpredictable and insufficient to support large-scale initiatives.
- Lack of coordination: The multiple government agencies involved in the program can lead to duplication of efforts and a lack of coordination.
- Need for more effective evaluation and monitoring: The program’s impact is not effectively measured, making it difficult to assess its effectiveness.
The NHRD framework aims to address these challenges by providing HR professionals with the tools and resources needed to develop national human resources. This framework serves to highlight labour market concerns while also ensuring that HRD policies are adapted to the needs of the future workforce. The framework emphasizes the importance of HR professionals in driving national development. It recognizes that HR professionals have a critical role in shaping the future of work and that they must be equipped with the skills and knowledge needed to address the country’s changing economic needs. Key Points to Consider:
•
- Human Resource Development is crucial to Saudi Arabia’s economic growth
- The National Human Resource Development (NHRD) framework is a step in the right direction
- The Human Capability Development Program (HCDP) aims to address the shortage of skilled workers
The 4th Edition of the HR World Summit: Unlocking the Future of Human Potential
The 4th Edition of the HR World Summit is a premier event that brings together HR leaders and experts to discuss the challenges and opportunities in human resources. The event takes place on April 24th, 2025, at the Radisson Blu Minhal, and offers an exclusive platform for in-depth discussions on the future of human resources. The summit features a range of topics, including:
•
- Reimagining HR for a Digital Age
- Addressing Quiet Quitting: Retaining Top Talent in a Competitive Job Market
- AI in HR: A Double-Edged Sword Balancing Benefits and Risks
- Breaking Down Barriers: A Conversation on DEI and Workplace Transformation
- The Future of Work: Navigating Uncertainty and Embracing Opportunities
The event will also feature expert speakers, including:
•
- Abdullah Zabin AlOtaibi, Vice President of Upstream HR at Aramco
- Ahmed Omar Baaboud, Chief Shared Services Officer at Real Estate Registry
- Hessah Fahad Moammar, Vice President of People & Culture at ACWA Power
- Ratibah Aljawini, Executive Director of Human Resources for the Human Capability Development Program
The HR World Summit offers a unique opportunity for HR professionals to engage with world-class thought leaders and C-level executives across industries. It provides a platform for impactful networking and the exchange of ideas on how to drive transformation in today’s rapidly evolving landscape. For more information on the 4th Edition HR World Summit, please visit link.
About Exito
Exito, which means success in Spanish, is a conference organizer that embodies its commitment to the success of its customers. The company hosts over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Exito’s meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands. The company’s mission is to create opportunities for professionals to learn, grow, and succeed. Exito’s events are designed to inspire, educate, and empower participants to drive their own success. In summary, the 4th Edition HR World Summit is a premier event that offers a unique opportunity for HR professionals to engage with world-class thought leaders and C-level executives. The event provides a platform for impactful networking and the exchange of ideas on how to drive transformation in today’s rapidly evolving landscape. By attending the HR World Summit, HR professionals can gain valuable insights and tools to drive transformation and elevate organizational performance.
news is a contributor at WorkHarbor. We are committed to providing well-researched, accurate, and valuable content to our readers.
