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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 employment Memoranda of Understanding (MOU) between different entities, intending to provide thousands of training opportunities and tasks for the global workforce. This arrangement 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, in addition to 40 labour ministers. According to the ministers, these initiatives will focus on qualifying diverse groups, such as new graduates, women, and individuals with specials needs, for ideal work through specialised training programs, consisting of development, employment instructional initiatives, management preparation, and knowledge-sharing collaborations
Data from the for Economic Cooperation and Development (OECD), around 67 million young people are currently unemployed, and nearly 20 percent of people aged 15 to 54 are either employed or participated in education, employment organizations, or training programs. Read likewise: Boost for business owners as IBPLC develops tasks with Hero apprenticeship effort
These stats have actually likewise shown that almost 40 percent of employers report difficulties in filling jobs due to a mismatch between workforce skills and labour market demands, with youth unemployment exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate need to develop thorough methods to attend to these common obstacles effectively.” “Transforming them into opportunities, eventually we can all interact to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister also noted that the arrangements focus on boosting operational efficiency, cultivating innovation, and employment driving value production in positioning with Saudi Vision 2030. Key entities included in these contracts include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, employment 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 cooperations emerged. INSEAD will supply scholastic services, while partnerships with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs focused on management advancement and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A significant advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the workforce, among others. Share
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