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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 arrangements and Memoranda of Understanding (MOU) in between numerous entities, intending to supply countless training chances and tasks for the global workforce. This agreement was signed at the 2nd edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying varied groups, such as new graduates, women, and individuals with impairments, for appropriate work through specialised training programmes, including development, academic efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently jobless, and almost 20 percent of people aged 15 to 54 are either employed or participated in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative
These data have also revealed that nearly 40 percent of companies report troubles in filling vacancies due to a mismatch in between workforce abilities and labour market needs, with youth unemployment surpassing 30 percent in some areas internationally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate need to establish extensive strategies to address these common obstacles effectively.” “Transforming them into chances, eventually we can all interact to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister also noted that the contracts focus on improving functional performance, referall.us promoting innovation, and driving worth creation in alignment with Saudi Vision 2030. Key entities associated with 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 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 provide scholastic services, while collaborations with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on leadership advancement and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the workforce, amongst others. Share
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