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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), employment has actually witnessed the signing of 31 agreements and Memoranda of Understanding (MOU) between numerous entities, intending to provide countless training opportunities and jobs for the worldwide labor force. This agreement was signed at the second 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, along with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying diverse groups, such as new graduates, women, and individuals with specials needs, for suitable work through specialised training programmes, including advancement, educational initiatives, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either employed or engaged in education, institutions, or training programs. Read likewise: Boost for business owners as IBPLC develops tasks with Hero apprenticeship effort
These statistics have likewise shown that nearly 40 percent of employers report difficulties in filling vacancies due to a mismatch in between labor force skills 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 contracts, Alrajhi stated “These figures highlight the urgent need to develop comprehensive methods to address these common challenges efficiently.” “Transforming them into opportunities, eventually we can all work together to ensure the success of our economies, neighborhoods, and workforces.” The minister likewise kept in mind that the contracts focus on enhancing operational effectiveness, promoting innovation, and driving worth creation in positioning with Saudi Vision 2030. Key entities involved in these arrangements include 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 notable cooperations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs concentrated on leadership development and capability 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 development. A considerable development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among trainees and the labor force, to name a few. Share
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