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

The Global Labor Market Conference (GLMC), has actually seen the signing of 31 agreements and Memoranda of Understanding (MOU) between various entities, intending to provide thousands of training opportunities and tasks for the worldwide labor force. This contract 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 initiatives will concentrate on certifying varied groups, such as new graduates, women, and people with disabilities, for ideal employment through specialised training programmes, including advancement, academic efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are currently out of work, and nearly 20 percent of people aged 15 to 54 are either used or taken part in education, institutions, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative

These data have also revealed that almost 40 percent of companies report difficulties in filling jobs due to an inequality in between labor force abilities and labour market needs, with youth unemployment exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate requirement to establish detailed techniques to resolve these typical challenges successfully.” “Transforming them into opportunities, eventually we can all work together to make sure the prosperity of our economies, communities, and labor forces.” The minister also kept in mind that the contracts focus on enhancing functional effectiveness, promoting development, and driving value creation in alignment with Saudi Vision 2030. Key entities included in these contracts 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 partnerships with Space Faculty and ProFun will explore development 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 inked MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A significant advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst trainees and the labor force, to name a few. Share
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Business Day, established in 2001, is a daily business paper based in Lagos. It is the only Nigerian paper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It distributes in Nigeria and Ghana