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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has actually experienced the signing of 31 contracts and Memoranda of Understanding (MOU) in between various entities, aiming to supply countless training chances and tasks for the worldwide labor force. This contract was signed at the second 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 initiatives will focus on certifying diverse groups, employment such as brand-new graduates, females, and individuals with disabilities, for ideal employment through specialised training programmes, including development, instructional efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently jobless, and almost 20 percent of individuals aged 15 to 54 are either used or engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship initiative

These statistics have likewise revealed that almost 40 percent of employers report difficulties in filling jobs due to an inequality in between labor force abilities and labour market demands, with youth unemployment 30 percent in some regions globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent requirement to establish detailed techniques to address these typical obstacles efficiently.” “Transforming them into chances, ultimately we can all collaborate to ensure the success of our economies, neighborhoods, and labor forces.” The minister also noted that the agreements concentrate on improving operational efficiency, promoting innovation, and employment driving value production in positioning with Saudi Vision 2030. Key entities associated with 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 cooperations emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials and employment training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the workforce, amongst others. Share
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