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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 contracts and Memoranda of Understanding (MOU) between numerous entities, aiming to provide countless training opportunities and tasks 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 efforts will focus on qualifying diverse groups, such as new graduates, women, and job people with disabilities, for suitable work through specialised training programs, including development, educational efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are presently out of work, and job nearly 20 percent of individuals aged 15 to 54 are either employed or participated in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship effort
These stats have also revealed that nearly 40 percent of companies report troubles in filling vacancies due to a mismatch in between workforce skills and labour market demands, with youth joblessness going beyond 30 percent in some areas internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent need to develop thorough techniques to resolve these typical obstacles effectively.” “Transforming them into chances, ultimately we can all work together to ensure the success of our economies, communities, and labor forces.” The minister likewise noted that the arrangements concentrate on enhancing operational performance, cultivating innovation, and driving value creation in alignment with 2030. Key entities involved in these arrangements 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 numerous notable partnerships emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes focused on management advancement and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among trainees and the labor force, to name a few. Share
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