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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 arrangements and Memoranda of Understanding (MOU) between numerous entities, intending to supply countless training chances and tasks for the international labor force. This agreement was signed at the 2nd 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, in addition to 40 labour ministers. According to the ministers, these initiatives will focus on certifying diverse groups, such as brand-new graduates, females, and individuals with disabilities, for suitable employment through specialised training programs, including development, educational efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are currently jobless, career.ltu.bg and almost 20 percent of people aged 15 to 54 are either employed or engaged in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship effort

These data have likewise revealed that almost 40 percent of companies report problems in filling vacancies due to a mismatch between workforce abilities and labour market demands, with youth unemployment surpassing 30 percent in some areas internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate need to develop detailed techniques to address these common difficulties effectively.” “Transforming them into chances, eventually we can all interact to make sure the prosperity of our economies, communities, and workforces.” The minister likewise noted that the agreements focus on improving functional performance, fostering development, and driving worth development in positioning with Saudi Vision 2030. Key entities included 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 several notable collaborations 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 customized training programs focused on leadership development and capability building. The Ministry of MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst trainees and the workforce, amongst others. Share
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