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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 arrangements and Memoranda of Understanding (MOU) between numerous entities, aiming to supply thousands of training chances and jobs for the worldwide workforce. This contract was signed at the 2nd edition of the GLMC 2025, introduced 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 certifying varied groups, such as new graduates, females, and people with impairments, for ideal work through specialised training programs, including development, educational initiatives, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), employment around 67 million young people are currently unemployed, and nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative
These statistics have likewise revealed that nearly 40 percent of companies report troubles in filling vacancies due to an inequality in between labor force abilities and labour market demands, with youth unemployment surpassing 30 percent in some areas . Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent need to develop detailed strategies to deal with these typical obstacles successfully.” “Transforming them into chances, eventually we can all interact to guarantee the success of our economies, communities, and workforces.” The minister likewise kept in mind that the arrangements concentrate on enhancing functional efficiency, cultivating development, and driving value creation in alignment with Saudi Vision 2030. Key entities associated with 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable partnerships emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and employment Arabian Airports to establish labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst students and the workforce, to name a few. Share
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