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

The Global Labor Market Conference (GLMC), has actually experienced the finalizing of 31 agreements and employment Memoranda of Understanding (MOU) in between numerous entities, aiming to offer countless training opportunities and tasks for the worldwide labor force. This agreement was signed at the second edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and employment Social Development, together with 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying varied groups, such as brand-new graduates, ladies, and individuals with specials needs, for appropriate employment through specialised training programmes, consisting of development, academic efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are presently jobless, and nearly 20 percent of people aged 15 to 54 are either utilized or participated in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship effort

These statistics have also shown that almost 40 percent of employers report troubles in filling vacancies due to a mismatch in between workforce skills and employment labour market needs, with youth unemployment going beyond 30 percent in some areas internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent need to establish comprehensive methods to deal with these typical difficulties effectively.” “Transforming them into opportunities, eventually we can all collaborate to ensure the prosperity of our economies, communities, and labor forces.” The minister also noted that the contracts focus on enhancing functional effectiveness, promoting development, and driving value development in alignment with Saudi Vision 2030. Key entities associated with these arrangements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), employment Takamol Holding, employment 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 collaborations emerged. INSEAD will provide academic services, while partnerships with Space Faculty and ProFun will explore development and employment knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes concentrated on leadership advancement and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst students and the workforce, among others. Share
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