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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has seen the finalizing of 31 agreements and Memoranda of Understanding (MOU) between various entities, aiming to supply thousands of training opportunities and tasks for the worldwide labor force. This arrangement 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, 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 disabilities, for suitable work through specialised training programmes, including advancement, instructional efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are presently jobless, and nearly 20 percent of people aged 15 to 54 are either used or taken part in education, organizations, or programs. Read likewise: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort
These statistics have also revealed that nearly 40 percent of companies report problems in filling jobs due to a mismatch in between workforce skills and labour market needs, with youth unemployment going beyond 30 percent in some areas internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the urgent need to develop extensive strategies to address these typical challenges efficiently.” “Transforming them into opportunities, ultimately we can all collaborate to guarantee the success of our economies, communities, and workforces.” The minister likewise kept in mind that the contracts concentrate on improving functional efficiency, promoting development, and driving worth creation in alignment with Saudi Vision 2030. Key entities included 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 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 provide academic services, while collaborations with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs focused on leadership development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial advancement is the establishment of the Kaspersky Knowledge Transfer Centre, referall.us designed to advance cybersecurity abilities amongst trainees and the workforce, amongst others. Share
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