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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has actually witnessed the signing of 31 arrangements and Memoranda of Understanding (MOU) between numerous entities, intending to provide countless training opportunities and jobs for the global labor force. This contract 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, in addition to 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying varied groups, such as new graduates, women, and people with impairments, for suitable employment through specialised training programs, including development, instructional initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are presently jobless, and almost 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort
These statistics have likewise shown that almost 40 percent of employers report troubles in filling jobs due to an inequality between workforce abilities and labour market needs, with youth joblessness exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate need to develop extensive strategies to address these typical difficulties effectively.” “Transforming them into chances, ultimately we can all interact to guarantee the prosperity of our economies, communities, and workforces.” The minister also kept in mind that the arrangements concentrate on improving functional efficiency, cultivating innovation, and driving worth production in alignment with Saudi Vision 2030. Key entities included in these arrangements include 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 noteworthy collaborations emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on management development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst trainees and the workforce, amongst others. Share
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