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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), employment has witnessed the signing of 31 arrangements and Memoranda of Understanding (MOU) in between various entities, intending to supply thousands of training chances and jobs for the worldwide labor force. This contract was signed at the second 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 initiatives will concentrate on qualifying diverse groups, such as new graduates, females, and people with specials needs, for suitable employment through specialised training programs, including advancement, instructional initiatives, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are currently jobless, and almost 20 percent of people aged 15 to 54 are either used or taken part in education, organizations, or training programs. Read also: Boost for business owners as IBPLC produces tasks with Hero apprenticeship initiative
These stats have also revealed 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 joblessness surpassing 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate requirement to develop comprehensive methods to resolve these typical obstacles successfully.” “Transforming them into chances, ultimately we can all work together to ensure the success of our economies, communities, and workforces.” The minister also noted that the contracts focus on enhancing functional effectiveness, employment promoting innovation, and driving worth in positioning with Saudi Vision 2030. Key entities associated with 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 College, the Saudi Logistics Academy, employment the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of noteworthy cooperations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management advancement and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the workforce, to name a few. Share
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