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

The Global Labor Market Conference (GLMC), has seen the signing of 31 contracts and Memoranda of Understanding (MOU) between various entities, intending to supply countless training chances and tasks for the international labor force. This contract was signed at the second edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, employment the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these efforts will focus on qualifying varied groups, such as new graduates, females, and individuals with specials needs, for ideal employment through specialised training programs, including advancement, educational efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are presently unemployed, and employment almost 20 percent of people aged 15 to 54 are either used or taken part in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship effort

These stats have also revealed that almost 40 percent of companies report problems in filling jobs due to an inequality between workforce skills and employment labour market demands, with youth unemployment exceeding 30 percent in some regions worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the immediate need to develop comprehensive strategies to deal with these typical challenges effectively.” “Transforming them into opportunities, eventually we can all work together to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister likewise kept in mind that the contracts concentrate on improving operational performance, promoting innovation, and driving worth creation in positioning 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy cooperations emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on management development and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst trainees and the workforce, to name a few. Share
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