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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) between numerous entities, intending to provide thousands of training opportunities and tasks for the international labor force. This contract 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 efforts will concentrate on qualifying diverse groups, such as brand-new graduates, females, and individuals with impairments, for suitable employment through specialised training programs, including development, instructional efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young individuals are currently unemployed, and nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship initiative

These stats have actually also revealed that almost 40 percent of employers report problems in filling jobs due to a mismatch in between workforce abilities and labour market demands, with youth unemployment surpassing 30 percent in some areas internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the immediate requirement to develop extensive strategies to deal with these common challenges efficiently.” “Transforming them into chances, ultimately we can all work together to guarantee the success of our economies, communities, and labor forces.” The minister likewise kept in mind that the agreements focus on enhancing functional performance, promoting innovation, and driving worth creation in positioning with Saudi Vision 2030. Key entities involved in these contracts include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, jobvn24.com Bella Vista Institute of Higher Education, [empty] the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable cooperations emerged. INSEAD will provide scholastic services, Other Loans while collaborations with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training on leadership advancement and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the labor force, amongst others. Share
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