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

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 arrangements and Memoranda of Understanding (MOU) between numerous entities, intending to provide countless training chances and tasks for the international labor force. This contract was signed at the second edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, in addition to 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying varied groups, such as new graduates, ladies, and people with disabilities, for suitable work through specialised training programs, including advancement, academic initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for employment Economic Cooperation and Development (OECD), roughly 67 million young individuals are currently jobless, and nearly 20 percent of people aged 15 to 54 are either employed or participated in education, organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship effort

These data have likewise shown that almost 40 percent of companies report troubles in filling vacancies due to an inequality in between labor force abilities and labour market demands, with youth unemployment exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the immediate requirement to develop extensive strategies to attend to these common challenges effectively.” “Transforming them into opportunities, eventually we can all interact to make sure the success of our economies, communities, and workforces.” The minister likewise noted that the agreements concentrate on improving functional effectiveness, fostering development, and driving worth production in alignment with Saudi Vision 2030. Key entities associated with these agreements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, employment 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 numerous noteworthy collaborations emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and employment the Academy will provide customized training programmes focused on leadership advancement and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among trainees and the labor force, amongst others. Share
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