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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 different entities, aiming to supply thousands of training chances and tasks for the worldwide workforce. This agreement was signed at the second edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, employment the Minister of Human Resources and employment Social Development, together with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying diverse groups, such as brand-new graduates, ladies, and individuals with specials needs, for suitable employment through specialised training programmes, consisting of advancement, educational efforts, leadership preparation, and employment knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are presently jobless, and nearly 20 percent of individuals aged 15 to 54 are either employed or participated in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC develops tasks with Hero apprenticeship effort
These stats have also shown that nearly 40 percent of employers report difficulties in filling vacancies due to a mismatch between labor force abilities and labour market demands, with youth unemployment exceeding 30 percent in some regions worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the urgent requirement to establish detailed strategies to attend to these typical obstacles successfully.” “Transforming them into chances, eventually we can all collaborate to ensure the prosperity of our economies, neighborhoods, and workforces.” The minister also noted that the arrangements concentrate on boosting functional efficiency, promoting development, employment and driving worth creation in positioning with Saudi Vision 2030. Key entities included in these arrangements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of noteworthy cooperations emerged. INSEAD will offer scholastic services, while partnerships with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on management advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity amongst students and the labor force, amongst others. Share
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