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  • Founded Date May 18, 1910
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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 various entities, aiming to offer thousands of training chances and tasks for the international labor force. This agreement 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, together with 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying varied groups, such as brand-new graduates, women, and individuals with disabilities, for ideal work through specialised training programmes, consisting of advancement, instructional efforts, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are presently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either used or engaged in education, referall.us institutions, or training programmes. Read likewise: Boost for business owners as IBPLC produces tasks with initiative

These data have likewise revealed that nearly 40 percent of employers report problems in filling jobs due to an inequality between workforce skills and labour market demands, with youth joblessness going beyond 30 percent in some areas worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate requirement to establish thorough methods to address these common challenges successfully.” “Transforming them into opportunities, eventually we can all collaborate to make sure the success of our economies, communities, and labor forces.” The minister likewise kept in mind that the contracts focus on boosting functional performance, promoting innovation, and driving worth development in alignment with Saudi Vision 2030. Key entities associated with 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 a number of notable cooperations emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst trainees and the labor force, amongst others. Share
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