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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) in between various entities, aiming to supply countless training chances and jobs for the worldwide labor force. This agreement was signed at the second edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, job the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these initiatives will focus on certifying diverse groups, such as new graduates, ladies, and individuals with impairments, for suitable employment through specialised training programmes, consisting of development, job educational efforts, management preparation, and
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently unemployed, and job almost 20 percent of individuals aged 15 to 54 are either used or participated in education, organizations, or training programs. Read also: job Boost for business owners as IBPLC develops jobs with Hero apprenticeship initiative
These statistics have also shown that nearly 40 percent of companies report difficulties in filling vacancies due to an inequality in between workforce abilities and labour market needs, with youth joblessness going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent requirement to establish thorough strategies to resolve these common obstacles successfully.” “Transforming them into chances, eventually we can all interact to guarantee the prosperity of our economies, neighborhoods, and workforces.” The minister also kept in mind that the arrangements focus on boosting operational efficiency, promoting development, and driving value development in positioning with Saudi Vision 2030. Key entities involved in 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 Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy collaborations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs concentrated on leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst trainees and the labor force, amongst others. Share
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