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

The Global Labor Market Conference (GLMC), has seen the signing of 31 contracts and Memoranda of Understanding (MOU) in between different entities, aiming to provide thousands of training chances and tasks for the worldwide workforce. This agreement 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, along with 40 labour ministers. According to the ministers, these efforts will focus on certifying varied groups, such as brand-new graduates, ladies, and individuals with impairments, for appropriate work through specialised training programs, consisting of advancement, educational efforts, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are presently out of work, and almost 20 percent of people aged 15 to 54 are either used or participated in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC creates tasks with Hero apprenticeship initiative

These statistics have also shown that nearly 40 percent of companies report difficulties in filling vacancies due to an inequality between labor force abilities and labour market needs, with youth unemployment going beyond 30 percent in some regions globally. Related News
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Highlighting the significance of these contracts, job Alrajhi stated “These figures highlight the immediate need to develop thorough methods to resolve these typical challenges successfully.” “Transforming them into chances, ultimately we can all collaborate to ensure the success of our economies, communities, and labor forces.” The minister also kept in mind that the contracts focus on enhancing functional effectiveness, fostering development, and driving value creation in alignment 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, job 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 scholastic services, while partnerships 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 focused on management development and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among trainees and the workforce, to name a few. Share
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