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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 contracts and Memoranda of Understanding (MOU) in between numerous entities, aiming 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 efforts will focus on qualifying diverse groups, such as new graduates, ladies, and people with disabilities, for appropriate 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), around 67 million young individuals are presently out of work, and almost 20 percent of people aged 15 to 54 are either utilized or engaged in education, organizations, or training programs. Read likewise: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship effort
These statistics have likewise revealed that nearly 40 percent of employers report troubles in filling jobs due to a mismatch in between labor employment force abilities and labour market demands, with youth unemployment surpassing 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate need to develop extensive techniques to deal with these common obstacles effectively.” “Transforming them into opportunities, ultimately we can all interact to ensure the success of our economies, neighborhoods, and workforces.” The minister also kept in mind that the arrangements concentrate on improving operational effectiveness, fostering development, and driving worth production in positioning with Saudi Vision 2030. Key entities associated with these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), 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 collaborations emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella and the Saudi Logistics Academy will deliver customized training programs focused on management development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst trainees and the labor force, among others. Share
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