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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 agreements and employment Memoranda of Understanding (MOU) between different entities, intending to provide countless training opportunities and tasks for employment the worldwide labor force. This agreement was signed at the 2nd edition of the GLMC 2025, released 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 concentrate on qualifying diverse groups, such as brand-new graduates, women, and individuals with impairments, for suitable employment through specialised training programmes, including advancement, academic efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are presently jobless, and almost 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, employment institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative

These stats have likewise shown that almost 40 percent of companies report difficulties in filling jobs due to a mismatch between workforce skills and labour market needs, with youth unemployment exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate requirement to develop comprehensive techniques to attend to these typical difficulties efficiently.” “Transforming them into chances, eventually we can all work together to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the contracts concentrate on improving functional performance, promoting innovation, and employment driving worth development in alignment with Saudi Vision 2030. Key entities associated with 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy cooperations . INSEAD will provide scholastic services, employment while collaborations with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and employment the Saudi Logistics Academy will provide tailored training programs focused on management advancement and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among trainees and the labor force, amongst others. Share
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