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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 contracts and Memoranda of Understanding (MOU) in between numerous entities, aiming to offer countless training opportunities and tasks for the global workforce. This arrangement was signed at the 2nd 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 focus on qualifying diverse groups, such as new graduates, women, and people with specials needs, for suitable work through specialised training programs, consisting of advancement, academic efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are currently jobless, and nearly 20 percent of people aged 15 to 54 are either utilized or participated in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These data have also shown that almost 40 percent of employers report problems in filling jobs due to an inequality in between workforce abilities and labour market needs, with youth unemployment exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the urgent need to develop detailed strategies to address these typical difficulties successfully.” “Transforming them into opportunities, ultimately we can all interact to ensure the prosperity of our economies, neighborhoods, and workforces.” The minister likewise noted that the arrangements concentrate on boosting operational performance, promoting development, and driving worth creation in positioning with Saudi Vision 2030. Key entities involved in 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 College, the Saudi Logistics Academy, the of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable partnerships emerged. INSEAD will supply academic 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 customized training programs focused on management advancement and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the labor force, to name a few. Share
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