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Founded Date March 26, 1983
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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has actually witnessed the signing of 31 contracts and Memoranda of Understanding (MOU) between different entities, aiming to provide thousands of training opportunities and jobs for the global labor force. 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, job the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying varied groups, such as new graduates, women, and people with impairments, for ideal work through specialised training programs, including advancement, instructional initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), job around 67 million youths are currently jobless, and almost 20 percent of people aged 15 to 54 are either utilized or engaged in education, institutions, job or training programs. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative
These statistics have also shown that nearly 40 percent of employers report difficulties in filling jobs due to a mismatch in between labor force abilities and labour market demands, with youth unemployment surpassing 30 percent in some areas internationally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate requirement to establish detailed techniques to deal with these common obstacles effectively.” “Transforming them into opportunities, ultimately we can all work together to ensure the prosperity of our economies, communities, and workforces.” The minister likewise kept in mind that the arrangements focus on enhancing functional performance, cultivating innovation, and driving worth creation in alignment with Saudi Vision 2030. Key entities involved 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 Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable partnerships emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A significant advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the labor force, among others. Share
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