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

The Global Labor Market Conference (GLMC), has actually witnessed the finalizing of 31 contracts and [empty] Memoranda of Understanding (MOU) between different entities, aiming to offer countless training opportunities and jobs for the worldwide workforce. This contract 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 brand-new graduates, females, and people with impairments, for appropriate employment through specialised training programmes, including advancement, instructional initiatives, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently out of work, and almost 20 percent of people aged 15 to 54 are either utilized or engaged in education, institutions, or anotech.com training programmes. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship effort

These stats have also shown that almost 40 percent of companies report troubles in filling vacancies due to an inequality between labor hcp.com.gt force abilities and labour market demands, with youth unemployment exceeding 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 need to establish extensive methods to resolve these typical difficulties effectively.” “Transforming them into chances, ultimately we can all work together to guarantee the prosperity of our economies, communities, and labor forces.” The minister also noted that the contracts focus on enhancing operational performance, fostering development, and driving value creation in alignment with Saudi Vision 2030. Key entities associated with these arrangements consist of 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, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy cooperations emerged. INSEAD will provide academic services, while with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs focused on management 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 promote entrepreneurship development. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the workforce, among others. Share
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