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

The Global Labor Market Conference (GLMC), has experienced the signing of 31 contracts and Memoranda of Understanding (MOU) between numerous entities, aiming to provide thousands of training opportunities and jobs for the worldwide labor force. This arrangement was signed at the second edition of the GLMC 2025, released 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 concentrate on qualifying varied groups, such as brand-new graduates, women, and people with disabilities, for suitable employment through specialised training programs, including advancement, educational initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently unemployed, and almost 20 percent of individuals aged 15 to 54 are either used or taken part in education, organizations, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship effort

These statistics have also revealed that nearly 40 percent of companies report problems in filling jobs due to a mismatch in between workforce skills and labour market needs, with youth unemployment exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the urgent need to establish comprehensive strategies to deal with these common difficulties effectively.” “Transforming them into opportunities, ultimately we can all collaborate to make sure the success of our economies, communities, and labor forces.” The minister likewise kept in mind that the contracts focus on enhancing functional effectiveness, fostering development, and driving value creation in positioning with Saudi Vision 2030. Key entities involved in these contracts consist of 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 several notable collaborations . INSEAD will supply scholastic services, while partnerships with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training efforts. 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 among students and the workforce, to name a few. Share
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