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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 somalibidders.com Memoranda of Understanding (MOU) between different entities, aiming to provide countless training opportunities and tasks for the global workforce. This agreement was signed at the 2nd edition of the GLMC 2025, launched 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 new graduates, women, and individuals with impairments, for through specialised training programmes, including development, instructional efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are currently jobless, and nearly 20 percent of individuals aged 15 to 54 are either employed or taken part in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC creates jobs with Hero apprenticeship initiative

These stats have actually also revealed that almost 40 percent of companies report troubles in filling jobs due to an inequality in between workforce skills and labour market demands, with youth joblessness exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the immediate requirement to develop comprehensive methods to address these common obstacles efficiently.” “Transforming them into opportunities, eventually we can all collaborate to ensure the prosperity of our economies, communities, and labor forces.” The minister also kept in mind that the arrangements concentrate on boosting operational effectiveness, promoting innovation, and driving worth production in alignment with Saudi Vision 2030. Key entities associated with these agreements include the Ministry of Human Resources and referall.us 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 noteworthy collaborations emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes concentrated on management advancement and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among trainees and the workforce, amongst others. Share
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