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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 contracts and Memoranda of Understanding (MOU) between different entities, aiming to offer countless training chances and tasks for employment the global 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 employment Social Development, together with 40 labour ministers. According to the ministers, these efforts will focus on certifying diverse groups, such as brand-new graduates, women, employment and people with disabilities, for appropriate work through specialised training programmes, including development, employment educational initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), employment roughly 67 million youths are presently jobless, and nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, institutions, or training programs. Read likewise: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative

These data have also revealed that almost 40 percent of companies report problems in filling vacancies due to an inequality in between workforce skills and labour market demands, with youth unemployment going beyond 30 percent in some regions globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated «These figures highlight the urgent requirement to develop thorough techniques to resolve these typical challenges efficiently.» «Transforming them into opportunities, ultimately we can all interact to ensure the prosperity of our economies, communities, and labor forces.» The minister likewise noted that the contracts focus on improving operational effectiveness, promoting innovation, and driving value development in alignment with Saudi Vision 2030. Key entities included in 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 College, the Saudi Logistics Academy, employment the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable cooperations emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes focused on leadership development and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce certifications and employment training initiatives. Princess Nourah University partnered with SEA Ventures to promote 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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