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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 arrangements and Memoranda of Understanding (MOU) in between various entities, intending to provide thousands of training chances and jobs for the global workforce. This agreement 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, together with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as new graduates, women, and people with impairments, for suitable work through specialised training programs, including development, instructional efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently jobless, and nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, institutions, or training programs. Read likewise: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort

These statistics have actually likewise shown that almost 40 percent of employers report troubles in filling jobs due to a mismatch in between workforce skills and labour market demands, with youth joblessness exceeding 30 percent in some regions worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent requirement to establish extensive techniques to address these typical difficulties efficiently.” “Transforming them into opportunities, eventually we can all work together to make sure the prosperity of our economies, communities, and workforces.” The minister also noted that the arrangements focus on improving functional performance, fostering development, and driving value 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 Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see notable partnerships emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on management 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 advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among students and the workforce, amongst others. Share
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