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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) in between different entities, intending to supply thousands of training chances and jobs for the worldwide labor force. This arrangement was signed at the second edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, employment the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these initiatives will focus on certifying varied groups, such as new graduates, females, and people with specials needs, for suitable employment through specialised training programmes, including development, instructional efforts, employment management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently unemployed, and almost 20 percent of people aged 15 to 54 are either used or participated in education, organizations, or training programs. Read also: Boost for employment business owners as IBPLC develops tasks with Hero apprenticeship effort

These stats have also shown that almost 40 percent of employers report problems in filling vacancies due to an inequality between workforce abilities and labour market needs, with youth unemployment going beyond 30 percent in some areas worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent requirement to develop comprehensive methods to attend to these typical obstacles successfully.” “Transforming them into chances, eventually we can all interact to make sure the prosperity of our economies, neighborhoods, and workforces.” The minister likewise kept in mind that the agreements concentrate on enhancing operational efficiency, employment fostering innovation, and driving value development in positioning with Saudi Vision 2030. Key entities involved in these arrangements 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 a number of noteworthy partnerships emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes concentrated on management development and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the workforce, to name a few. Share
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