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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 finalizing of 31 agreements and Memoranda of Understanding (MOU) between various entities, aiming to offer thousands of training opportunities and tasks for the international labor force. This arrangement 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 Social Development, in addition to 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as new graduates, women, and individuals with impairments, for appropriate work through specialised training programs, including advancement, instructional 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 individuals aged 15 to 54 are either used or taken part in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative

These statistics have also revealed that almost 40 percent of employers report difficulties in filling vacancies due to an inequality in between workforce abilities and labour market needs, with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, employment Alrajhi said “These figures highlight the immediate need to develop thorough strategies to address these typical difficulties efficiently.” “Transforming them into chances, ultimately we can all collaborate to ensure the prosperity of our economies, communities, and labor forces.” The minister also kept in mind that the agreements focus on improving operational performance, fostering development, and driving worth development in positioning with Saudi Vision 2030. Key entities associated with these arrangements consist of 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 several noteworthy cooperations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and employment ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs focused on management advancement and capacity structure. The of Tourism tattooed 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 development. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst trainees and the labor employment force, to name a few. Share
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