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

The Global Labor Market Conference (GLMC), has experienced the signing of 31 arrangements and Memoranda of Understanding (MOU) in between different entities, aiming 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, the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these efforts will focus on certifying diverse groups, such as new graduates, females, and people with impairments, for appropriate work through specialised training programmes, including development, instructional initiatives, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently out of work, and nearly 20 percent of people aged 15 to 54 are either used or engaged in education, job institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC creates jobs with Hero apprenticeship initiative

These data have actually also revealed that almost 40 percent of companies report troubles in filling jobs due to a mismatch in between labor force skills and labour market demands, with youth joblessness exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the immediate need to develop extensive strategies to address these common challenges efficiently.” “Transforming them into chances, eventually we can all collaborate to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister also noted that the agreements focus on boosting functional performance, promoting development, and driving worth development in positioning with Saudi Vision 2030. Key entities involved 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 collaborations 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 provide tailored training programs concentrated on management advancement and capacity structure. The of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst students and the labor force, amongst others. Share
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