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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has seen the signing of 31 agreements and Memoranda of Understanding (MOU) between different entities, aiming to supply countless training chances and jobs for the global workforce. This agreement was signed at the 2nd edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these efforts will concentrate on certifying varied groups, such as brand-new graduates, females, and individuals with impairments, for suitable work through specialised training programs, including advancement, instructional initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young individuals are presently unemployed, and almost 20 percent of people aged 15 to 54 are either utilized or taken part in education, organizations, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC creates jobs with Hero apprenticeship initiative

These stats have likewise shown that nearly 40 percent of companies report difficulties in filling vacancies due to a mismatch between labor force skills and employment labour market needs, with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent requirement to develop extensive techniques to attend to these common challenges successfully.” “Transforming them into opportunities, ultimately we can all interact to ensure the success of our economies, communities, and labor forces.” The minister also noted that the arrangements concentrate on improving operational efficiency, cultivating innovation, and employment driving worth development in alignment with Saudi Vision 2030. Key entities associated with these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), employment Takamol Holding, INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see cooperations emerged. INSEAD will provide academic services, while partnerships with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs focused on leadership advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among trainees and the workforce, to name a few. Share
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