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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between numerous entities, aiming to provide countless training chances and tasks for employment the worldwide labor force. This arrangement was signed at the 2nd edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, employment by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying diverse groups, such as new graduates, ladies, employment and people with impairments, for ideal employment through specialised training programmes, consisting of advancement, instructional initiatives, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently unemployed, and almost 20 percent of people aged 15 to 54 are either employed or taken part in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship initiative

These data have actually also revealed that nearly 40 percent of employers report difficulties in filling jobs due to an inequality in between labor force skills and labour market demands, with youth unemployment surpassing 30 percent in some areas globally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the urgent need to establish comprehensive strategies to attend to these common obstacles effectively.” “Transforming them into opportunities, eventually we can all work together to guarantee the success of our economies, communities, and labor forces.” The minister also kept in mind that the arrangements concentrate on boosting functional efficiency, cultivating innovation, and driving value creation in alignment with Saudi Vision 2030. Key entities involved in these contracts 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 a number of notable collaborations emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management advancement and capacity structure. The of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among students and the workforce, amongst others. Share
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