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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 different entities, aiming to supply countless training chances and jobs for the international workforce. This agreement was signed at the 2nd 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, in addition to 40 labour ministers. According to the ministers, these efforts will focus on qualifying varied groups, such as new graduates, females, and individuals with disabilities, for suitable work through specialised training programmes, consisting of advancement, educational initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are presently jobless, and nearly 20 percent of people aged 15 to 54 are either utilized or participated in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship effort

These data have actually also revealed that almost 40 percent of employers report problems in filling vacancies due to a mismatch in between labor force abilities and labour market demands, with youth joblessness surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent need to establish extensive techniques to attend to these common difficulties effectively.” “Transforming them into chances, ultimately we can all work together to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the agreements concentrate on enhancing operational performance, promoting development, and driving worth production in alignment with Saudi Vision 2030. Key entities involved in these contracts 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 several noteworthy partnerships emerged. INSEAD will supply academic services, while partnerships with and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management development and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst students and the workforce, to name a few. Share
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