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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 various entities, intending to supply countless training chances and jobs for the worldwide labor force. This contract was signed at the second 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 initiatives will focus on certifying varied groups, such as brand-new graduates, women, and individuals with impairments, for suitable work through specialised training programmes, including development, instructional efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are currently out of work, and almost 20 percent of people aged 15 to 54 are either used or engaged in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These stats have also revealed that nearly 40 percent of employers report troubles in filling jobs due to a mismatch in 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 arrangements, Alrajhi said „These figures highlight the immediate need to establish comprehensive techniques to attend to these common challenges successfully.“ „Transforming them into opportunities, ultimately we can all collaborate to make sure the success of our economies, neighborhoods, and workforces.“ The minister also noted that the contracts concentrate on improving operational efficiency, fostering development, and driving worth development in positioning with Saudi Vision 2030. Key entities associated with these contracts 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 several noteworthy partnerships emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes concentrated on management advancement and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst trainees and the workforce, to name a few. Share
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