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  • Founded Date October 13, 1957
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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 arrangements and Memoranda of Understanding (MOU) between various entities, intending to provide thousands of training chances and jobs for the global workforce. This arrangement was signed at the second 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, along with 40 labour ministers. According to the ministers, these will focus on certifying diverse groups, such as new graduates, ladies, and people with disabilities, for appropriate employment through specialised training programmes, including development, instructional efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently jobless, and almost 20 percent of individuals aged 15 to 54 are either employed or engaged in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship effort

These statistics have actually likewise revealed that nearly 40 percent of companies report problems in filling jobs due to a mismatch between workforce skills and labour market needs, with youth unemployment exceeding 30 percent in some regions globally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate need to establish extensive methods to resolve these common obstacles efficiently.” “Transforming them into opportunities, eventually we can all work together to guarantee the success of our economies, neighborhoods, and labor forces.” The minister also noted that the agreements focus on enhancing functional performance, fostering innovation, and driving worth creation in positioning 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, Bella Vista Institute of College, the Saudi Logistics Academy, the Ministry of Tourism, referall.us and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of notable partnerships emerged. INSEAD will offer scholastic services, while partnerships with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership advancement and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst students and the workforce, to name a few. Share
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