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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has actually witnessed the finalizing of 31 contracts and Memoranda of Understanding (MOU) in between different entities, aiming to supply countless training opportunities and tasks for the worldwide workforce. This contract was signed at the second edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, employment the Minister of Human Resources and Social Development, employment along with 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying varied groups, such as new graduates, women, employment and people with disabilities, for suitable employment through specialised training programs, including advancement, educational efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either used or engaged in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC develops tasks with Hero apprenticeship initiative
These stats have also revealed that almost 40 percent of employers report difficulties in filling vacancies due to a mismatch between labor force skills and labour market needs, employment with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent need to establish extensive strategies to deal with these common difficulties effectively.” “Transforming them into chances, ultimately we can all interact to guarantee the success of our economies, neighborhoods, and labor forces.” The minister likewise noted that the contracts concentrate on boosting operational effectiveness, promoting innovation, and driving value creation in positioning with Saudi Vision 2030. Key entities included in these arrangements 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 numerous notable collaborations emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs concentrated on leadership advancement and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among trainees and the workforce, employment to name a few. Share
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