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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between different entities, intending to supply countless training chances and jobs for the global labor force. This contract 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 qualifying varied groups, such as new graduates, ladies, and individuals with impairments, for suitable employment through specialised training programs, including development, educational efforts, preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently out of work, and nearly 20 percent of people aged 15 to 54 are either used or engaged in education, organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative
These data have actually also revealed that almost 40 percent of employers report difficulties in filling vacancies due to a mismatch between labor force abilities and labour market demands, with youth joblessness exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent requirement to establish extensive techniques to resolve these typical challenges successfully.” “Transforming them into opportunities, ultimately we can all collaborate to guarantee the success of our economies, communities, and labor forces.” The minister likewise noted that the arrangements focus on enhancing functional performance, fostering development, and driving value production in alignment with Saudi Vision 2030. Key entities associated with 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of notable cooperations emerged. INSEAD will offer 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 provide customized training programmes focused on leadership advancement and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among students and the labor force, to name a few. Share
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