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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 arrangements and Memoranda of Understanding (MOU) between various entities, intending to offer thousands of training opportunities and jobs for the global labor force. 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, the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as brand-new graduates, ladies, and individuals with impairments, for suitable employment through specialised training programmes, consisting of development, educational efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently jobless, and nearly 20 percent of individuals aged 15 to 54 are either utilized or participated in education, institutions, or training programmes. Read likewise: Boost for business owners as IBPLC creates jobs with Hero apprenticeship initiative

These stats have also shown that nearly 40 percent of companies report difficulties in filling vacancies due to a mismatch between workforce abilities and labour market demands, with youth joblessness surpassing 30 percent in some regions globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent need to develop thorough strategies to deal with these typical obstacles effectively.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister likewise kept in mind that the agreements focus on boosting operational effectiveness, fostering development, and driving worth development in positioning with Saudi Vision 2030. Key entities included in these agreements consist of 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 numerous notable collaborations emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and . Bella Vista Institute and referall.us the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst trainees and the labor force, amongst others. Share
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