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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), [empty] has witnessed the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between numerous entities, intending to provide countless training chances and tasks for the worldwide labor force. This arrangement 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, together with 40 labour ministers. According to the ministers, these efforts will focus on certifying diverse groups, such as new graduates, females, and with impairments, for suitable employment through specialised training programmes, including advancement, instructional initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are currently jobless, and almost 20 percent of people aged 15 to 54 are either utilized or participated in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship effort
These statistics have likewise revealed that nearly 40 percent of employers report problems in filling jobs due to a mismatch between labor force skills and labour market demands, with youth joblessness exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the urgent need to develop detailed methods to address these common challenges efficiently.” “Transforming them into opportunities, eventually we can all interact to make sure the success of our economies, neighborhoods, and labor forces.” The minister also noted that the agreements focus on boosting operational effectiveness, fostering innovation, and driving value production in positioning 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, 24-Hour Loan 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 scholastic services, while partnerships with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs concentrated on management development and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst trainees and the workforce, to name a few. Share
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