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

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, aiming to provide thousands of training chances and jobs for the global labor force. This arrangement 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, along with 40 labour ministers. According to the ministers, employment these initiatives will concentrate on certifying varied groups, such as brand-new graduates, females, and employment individuals with specials needs, for suitable employment through specialised training programs, consisting of development, instructional initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently unemployed, and employment almost 20 percent of individuals aged 15 to 54 are either employed or engaged in education, organizations, or employment training programs. Read also: employment Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative

These stats have likewise revealed that almost 40 percent of companies report difficulties in filling vacancies due to an inequality between workforce skills and labour market demands, with youth unemployment surpassing 30 percent in some areas globally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the immediate requirement to establish thorough strategies to resolve these typical challenges efficiently.” “Transforming them into chances, eventually we can all collaborate to ensure the success of our economies, communities, and workforces.” The also kept in mind that the agreements concentrate on boosting operational effectiveness, fostering innovation, and driving worth creation in alignment with Saudi Vision 2030. Key entities involved in these arrangements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), employment 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 a number of noteworthy cooperations emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on leadership development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst trainees and the labor force, to name a few. Share
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