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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has actually seen the signing of 31 contracts and Memoranda of Understanding (MOU) between numerous entities, aiming to provide thousands of training chances and tasks for the global workforce. This contract was signed at the second edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, employment along with 40 labour ministers. According to the ministers, these efforts will focus on groups, such as new graduates, ladies, and employment people with specials needs, for suitable employment through specialised training programmes, including advancement, academic efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are presently jobless, and almost 20 percent of individuals aged 15 to 54 are either utilized or employment engaged in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC develops jobs with Hero apprenticeship initiative

These data have likewise revealed that nearly 40 percent of employers report problems in filling jobs due to a mismatch between labor force skills and labour market needs, with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated «These figures highlight the urgent requirement to develop comprehensive methods to attend to these typical obstacles effectively.» «Transforming them into opportunities, eventually we can all interact to guarantee the prosperity of our economies, neighborhoods, and workforces.» The minister also noted that the arrangements focus on improving operational performance, fostering development, employment and driving value development in positioning with Saudi Vision 2030. Key entities included in these contracts 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 a number of noteworthy collaborations emerged. INSEAD will supply academic 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 management development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A considerable development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the labor force, to name a few. Share
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