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

The Global Labor Market Conference (GLMC), has seen the signing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, aiming to supply countless training chances and tasks for employment the international labor force. This arrangement was signed at the second 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, together with 40 labour ministers. According to the ministers, these efforts will concentrate on certifying diverse groups, employment such as new graduates, females, and people with disabilities, for ideal work through specialised training programmes, including development, academic initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either used or engaged in education, institutions, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship initiative

These stats have also shown that almost 40 percent of employers report difficulties in filling vacancies due to a mismatch between labor force abilities and labour market needs, with youth unemployment surpassing 30 percent in some areas globally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the immediate need to develop comprehensive strategies to attend to these common obstacles efficiently.” “Transforming them into chances, eventually we can all interact to make sure the success of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the contracts concentrate on boosting functional performance, promoting innovation, and driving value development in alignment with Saudi Vision 2030. Key entities associated with 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 Higher Education, 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 supply academic services, while partnerships with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs concentrated on management development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity amongst trainees and the workforce, amongst others. Share
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