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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 arrangements and Memoranda of Understanding (MOU) between different entities, intending to supply countless training chances and jobs for the worldwide 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, along with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying diverse groups, such as new graduates, ladies, employment and individuals with disabilities, for ideal 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), roughly 67 million youths are presently jobless, and almost 20 percent of people aged 15 to 54 are either utilized or taken part in education, organizations, or employment training programmes. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship effort

These statistics have also revealed that nearly 40 percent of employers report difficulties in filling vacancies due to a mismatch in between labor force skills and employment labour market needs, with youth unemployment going beyond 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi stated «These figures highlight the immediate need to establish thorough techniques to deal with these common challenges successfully.» «Transforming them into opportunities, eventually we can all interact to guarantee the success of our economies, communities, and labor forces.» The minister likewise noted that the agreements focus on boosting operational performance, promoting innovation, and value creation in alignment with Saudi Vision 2030. Key entities included in these contracts consist of the Ministry of Human Resources and Social Development (HRSD), employment 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 notable partnerships emerged. INSEAD will provide scholastic services, while partnerships with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes concentrated on leadership advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among trainees and the workforce, among others. Share
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