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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 agreements and Memoranda of Understanding (MOU) between various entities, aiming to offer thousands of training opportunities and jobs for the global labor force. This arrangement was signed at the second edition of the GLMC 2025, job released 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 varied groups, such as new graduates, women, and individuals with impairments, for appropriate employment through specialised training programs, consisting of advancement, instructional initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently unemployed, and almost 20 percent of people aged 15 to 54 are either employed or participated in education, institutions, or training programmes. Read likewise: Boost for business owners as IBPLC produces jobs with Hero apprenticeship effort
These statistics have likewise revealed that nearly 40 percent of companies report difficulties in filling vacancies due to an inequality between labor force 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 contracts, Alrajhi said “These figures highlight the immediate requirement to develop detailed methods to attend to these typical difficulties effectively.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the prosperity of our economies, communities, and workforces.” The minister also kept in mind that the contracts concentrate on boosting operational performance, cultivating innovation, and driving worth development in positioning with Saudi Vision 2030. Key entities involved in these agreements 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 a number of notable partnerships emerged. INSEAD will provide scholastic services, while partnerships with Space Faculty and job ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership advancement and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the workforce, to name a few. Share
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