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

The Global Labor Market Conference (GLMC), employment has seen the signing of 31 agreements and Memoranda of Understanding (MOU) between numerous entities, intending to offer thousands of training opportunities and jobs for the worldwide labor force. This contract was signed at the 2nd edition of the GLMC 2025, launched 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 concentrate on certifying varied groups, such as brand-new graduates, women, employment and individuals with impairments, for suitable work through specialised training programs, including advancement, academic efforts, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either employed or taken part in education, employment institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship effort

These statistics have likewise shown that almost 40 percent of companies report problems in filling vacancies due to a mismatch in between workforce skills and labour market needs, with youth unemployment going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate need to develop extensive strategies to deal with these typical difficulties efficiently.” “Transforming them into opportunities, eventually we can all collaborate to make sure the success of our economies, communities, and labor forces.” The minister likewise noted that the agreements concentrate on boosting operational effectiveness, promoting innovation, employment and driving worth creation in alignment with Saudi Vision 2030. Key entities associated with these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of College, 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 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 training programmes focused on leadership advancement and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst students and the labor force, employment among others. Share
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