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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, aiming to supply thousands of training chances and jobs for the global labor force. This arrangement was signed at the 2nd edition of the GLMC 2025, released 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 qualifying varied groups, such as new graduates, women, and people with impairments, for appropriate work through specialised training programmes, including development, instructional efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young individuals are presently jobless, and almost 20 percent of individuals aged 15 to 54 are either employed or taken part in education, institutions, or training programmes. Read likewise: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort

These statistics have also shown that nearly 40 percent of employers report difficulties in filling jobs due to an inequality in between labor force skills and labour market needs, with youth joblessness exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the immediate need to establish detailed strategies to resolve these typical obstacles successfully.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the success of our economies, neighborhoods, and labor forces.” The minister likewise noted that the agreements focus on enhancing operational performance, fostering development, and driving value development in positioning with Saudi Vision 2030. Key entities involved in these agreements 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 collaborations emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among students and the labor force, referall.us among others. Share
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