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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 of Understanding (MOU) between various entities, intending to supply countless training chances and employment jobs for the global labor force. 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, along with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as new graduates, women, and people with impairments, for appropriate employment through specialised training programs, including advancement, educational initiatives, management preparation, and employment knowledge-sharing partnerships
Data from the Organisation for employment Economic Cooperation and Development (OECD), around 67 million youths are presently jobless, and nearly 20 percent of individuals aged 15 to 54 are either employed or participated in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative
These stats have also shown that almost 40 percent of companies report problems in filling jobs due to an inequality in between labor force abilities and labour market demands, with youth unemployment exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate need to establish extensive strategies to resolve these typical difficulties efficiently.” “Transforming them into opportunities, eventually we can all interact to guarantee the success of our economies, neighborhoods, and workforces.” The minister likewise kept in mind that the contracts concentrate on boosting functional efficiency, cultivating innovation, and driving value production in positioning with Saudi Vision 2030. Key entities involved in these agreements 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 cooperations emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A significant development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among students and the workforce, to name a few. Share
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