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

The Global Labor Market Conference (GLMC), has actually experienced the signing of 31 contracts and Memoranda of Understanding (MOU) in between different entities, aiming to supply thousands of training opportunities and jobs for the international workforce. This arrangement 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, 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 impairments, for ideal employment through specialised training programmes, consisting of advancement, instructional initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently out of work, and almost 20 percent of individuals aged 15 to 54 are either utilized or participated in education, organizations, or referall.us training programs. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort

These statistics have also revealed that nearly 40 percent of companies report troubles in filling vacancies due to a mismatch between workforce skills and labour market needs, with youth unemployment going beyond 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate need to establish thorough methods to deal with these common challenges successfully.” “Transforming them into opportunities, eventually we can all work together to ensure the success of our economies, neighborhoods, and workforces.” The minister likewise noted that the arrangements focus on improving functional performance, promoting development, and driving value development 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 Higher Education, 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 provide academic services, while collaborations with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes concentrated on management development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training initiatives. Princess partnered with SEA Ventures to promote entrepreneurship advancement. A substantial advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst students and the workforce, among others. Share
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