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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has witnessed the signing of 31 agreements and Memoranda of Understanding (MOU) between various entities, aiming to provide countless training chances and jobs for the global workforce. This contract 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, along with 40 labour ministers. According to the ministers, these efforts will focus on certifying varied groups, such as new graduates, ladies, and people with specials needs, for appropriate employment through specialised training programs, consisting of development, educational efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either employed or taken part in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship effort
These statistics have actually also revealed that almost 40 percent of employers report difficulties in filling vacancies due to a mismatch between workforce skills and labour market needs, with youth unemployment surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent requirement to develop thorough methods to attend to these common difficulties successfully.” “Transforming them into chances, eventually we can all work together to ensure the success of our economies, communities, and labor forces.” The minister also kept in mind that the contracts concentrate on enhancing operational performance, cultivating innovation, and driving value development in positioning with Saudi Vision 2030. Key entities involved in these agreements include 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 notable partnerships emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes concentrated on leadership and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst trainees and the labor force, to name a few. Share
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