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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 contracts and Memoranda of Understanding (MOU) between numerous entities, aiming to supply countless training chances and tasks for the worldwide workforce. This agreement was signed at the 2nd edition of the GLMC 2025, introduced 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 initiatives will focus on qualifying diverse groups, such as new graduates, ladies, and individuals with impairments, for ideal employment through specialised training programmes, including development, educational initiatives, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are out of work, and nearly 20 percent of individuals aged 15 to 54 are either employed or engaged in education, organizations, or training programs. Read likewise: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort

These stats have likewise revealed that almost 40 percent of companies report difficulties in filling vacancies due to a mismatch between workforce abilities and labour market needs, with youth unemployment going beyond 30 percent in some areas worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the urgent need to develop comprehensive techniques to address these typical difficulties efficiently.” “Transforming them into opportunities, eventually we can all collaborate to guarantee the prosperity of our economies, communities, and workforces.” The minister also kept in mind that the agreements focus on enhancing functional efficiency, job cultivating development, and driving worth production in alignment with Saudi Vision 2030. Key entities involved in these agreements include the Ministry of Human Resources and job Social Development (HRSD), job the International Labour Organization (ILO), 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 several notable cooperations emerged. INSEAD will offer academic services, job while partnerships with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst trainees and the labor force, to name a few. Share
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