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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 agreements and Memoranda of Understanding (MOU) in between different entities, aiming to provide thousands of training opportunities and jobs for the worldwide workforce. This agreement was signed at the second edition of the GLMC 2025, released 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 concentrate on qualifying varied groups, veteran supporter such as new graduates, females, and people with specials needs, for appropriate work through specialised training programs, consisting of development, instructional efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently out of work, and nearly 20 percent of individuals aged 15 to 54 are either used or engaged in education, organizations, or training programs. Read likewise: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative
These statistics have likewise shown that nearly 40 percent of companies report difficulties in filling vacancies due to a mismatch between workforce skills and labour market needs, with youth unemployment going beyond 30 percent in some areas internationally. Related News
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Highlighting the significance of these agreements, inquiry Alrajhi stated “These figures highlight the immediate requirement to develop extensive strategies to resolve these typical obstacles effectively.” “Transforming them into chances, eventually we can all work together to make sure the success of our economies, neighborhoods, and labor forces.” The minister likewise noted that the arrangements focus on improving functional performance, promoting innovation, and [empty] driving worth development in alignment with Saudi Vision 2030. Key entities involved in these contracts include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, remotejobscape.com 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 partnerships emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will explore innovation and understanding . Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on management advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst trainees and the workforce, amongst others. Share
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