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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 contracts and Memoranda of Understanding (MOU) in between numerous entities, intending to provide thousands of training chances and jobs for the worldwide workforce. This arrangement was signed at the 2nd edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, job by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these efforts will concentrate on certifying varied groups, such as new graduates, women, and people with impairments, for ideal employment through specialised training programs, consisting of development, academic efforts, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently out of work, and nearly 20 percent of people aged 15 to 54 are either used or engaged in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC develops jobs with Hero apprenticeship initiative

These stats have also shown that almost 40 percent of companies report problems in filling jobs due to an inequality in between labor force abilities and labour market demands, with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the immediate need to develop extensive techniques to address these common challenges successfully.” “Transforming them into chances, ultimately we can all interact to ensure the success of our economies, neighborhoods, and workforces.” The minister likewise kept in mind that the contracts concentrate on boosting functional efficiency, cultivating innovation, and driving value development 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 job Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of noteworthy collaborations emerged. INSEAD will offer 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 programs concentrated on leadership advancement and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the workforce, among others. Share
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