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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between numerous entities, intending to provide thousands of training chances and jobs for the international labor force. This contract 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, in addition to 40 labour ministers. According to the ministers, these efforts will focus on certifying varied groups, such as brand-new graduates, ladies, and people with disabilities, for ideal employment through specialised training programs, including development, instructional efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently out of work, and employment nearly 20 percent of people aged 15 to 54 are either used or engaged in education, organizations, or training programmes. Read also: employment Boost for business owners as IBPLC develops tasks with Hero apprenticeship initiative

These stats have likewise revealed that almost 40 percent of companies report difficulties in filling vacancies due to a mismatch in between workforce abilities 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 arrangements, Alrajhi stated “These figures highlight the immediate requirement to establish detailed strategies to attend to these common difficulties successfully.” “Transforming them into chances, ultimately we can all collaborate to guarantee the prosperity of our economies, neighborhoods, and labor forces.” The minister likewise kept in mind that the contracts concentrate on improving operational efficiency, fostering development, and driving value production 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 Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable partnerships emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will check out innovation and employment understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership advancement and capacity structure. The Ministry of Tourism tattooed MoUs with and Arabian Airports to develop workforce certifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst students and the labor force, to name a few. Share
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