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Founded Date April 9, 1926
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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 agreements and Memoranda of Understanding (MOU) between different entities, intending to offer thousands of training chances and tasks for the worldwide labor force. 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 efforts will concentrate on certifying varied groups, such as new graduates, females, and people with disabilities, for suitable employment through specialised training programmes, consisting of advancement, educational initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently unemployed, and nearly 20 percent of people aged 15 to 54 are either used or participated in education, organizations, referall.us or training programmes. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative

These stats have likewise shown that almost 40 percent of employers report troubles in filling jobs due to an inequality in between labor force skills and labour market needs, with youth unemployment going beyond 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the immediate need to establish comprehensive methods to deal with these typical difficulties efficiently.” “Transforming them into opportunities, eventually we can all work together to ensure the success of our economies, neighborhoods, and workforces.” The minister also noted that the contracts focus on improving operational effectiveness, cultivating 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, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable cooperations emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on leadership development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship . A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst trainees and the workforce, to name a few. Share
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Business Day, established in 2001, is a day-to-day business newspaper based in Lagos. It is the only Nigerian paper with a bureau in Accra, Ghana. It has both day-to-day and Sunday titles. It distributes in Nigeria and Ghana

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