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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 and Memoranda of Understanding (MOU) between different entities, aiming to offer thousands of training opportunities and jobs for the global labor force. This agreement was signed at the 2nd 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 focus on qualifying varied groups, referall.us such as new graduates, females, and individuals with disabilities, for suitable employment through specialised training programmes, consisting of advancement, instructional efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently out of work, and nearly 20 percent of people aged 15 to 54 are either used or engaged in education, organizations, or training programs. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative
These data have actually also shown that nearly 40 percent of companies report troubles in filling vacancies due to a mismatch between labor force abilities and labour market demands, with youth unemployment going beyond 30 percent in some areas worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate requirement to develop extensive techniques to resolve these common difficulties efficiently.” “Transforming them into chances, ultimately we can all work together to make sure the success of our economies, neighborhoods, and workforces.” The minister likewise kept in mind that the arrangements focus on improving operational performance, promoting innovation, and driving value creation in positioning with Saudi Vision 2030. Key entities associated with these agreements include 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 a number of notable cooperations emerged. INSEAD will offer scholastic 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 focused on management advancement and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce 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 amongst trainees and the workforce, to name a few. Share
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