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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, aiming to offer thousands of training chances and tasks for the worldwide workforce. This agreement was signed at the 2nd 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 concentrate on qualifying diverse groups, such as brand-new graduates, females, and individuals with specials needs, for suitable work through specialised training programmes, including development, instructional initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), job approximately 67 million youths are currently jobless, and almost 20 percent of people aged 15 to 54 are either used or taken part in education, organizations, or training programs. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative
These data have likewise revealed that nearly 40 percent of companies report difficulties in filling vacancies due to an inequality in between labor force abilities and labour market demands, with youth unemployment surpassing 30 percent in some regions worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the urgent need to establish extensive strategies to address these common obstacles effectively.” “Transforming them into chances, ultimately we can all collaborate to ensure the prosperity of our economies, communities, and labor forces.” The minister likewise noted that the arrangements concentrate on improving operational performance, cultivating innovation, and driving value development in alignment with Saudi Vision 2030. Key entities involved in 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 notable collaborations emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs concentrated on management development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst students and the labor force, amongst others. Share
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