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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has experienced the signing of 31 agreements and Memoranda of Understanding (MOU) in between different entities, aiming to offer countless training opportunities and jobs for the global labor force. This contract was signed at the 2nd edition of the GLMC 2025, released in Riyadh, employment 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 efforts will concentrate on certifying diverse groups, such as brand-new graduates, females, and individuals with disabilities, for suitable employment through specialised training programs, employment including advancement, educational initiatives, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are presently out of work, and almost 20 percent of people aged 15 to 54 are either used or participated in education, institutions, or training programs. Read also: Boost for employment business owners as IBPLC creates jobs with Hero apprenticeship effort
These statistics have actually also revealed that nearly 40 percent of companies report difficulties in filling vacancies due to a mismatch between workforce skills and labour market needs, with youth unemployment going beyond 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate need to establish detailed techniques to resolve these common challenges successfully.” “Transforming them into opportunities, eventually we can all interact to guarantee the success of our economies, communities, and labor forces.” The minister also noted that the arrangements focus on boosting functional efficiency, fostering development, and driving value production in alignment with Saudi Vision 2030. Key entities associated with these agreements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, employment Bella Vista Institute of Higher Education, the Saudi Logistics Academy, employment the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy collaborations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes concentrated on management advancement 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 advancement. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the labor force, among others. Share
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