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

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, aiming to supply thousands of training chances and tasks for the international 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, along with 40 labour ministers. According to the ministers, [empty] these efforts will focus on qualifying diverse groups, such as brand-new graduates, females, and people with specials needs, for suitable employment through specialised training programmes, including advancement, educational initiatives, leadership preparation, and [empty] knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are presently out of work, and almost 20 percent of individuals aged 15 to 54 are either used or taken part in education, organizations, or [empty] training programs. Read also: Boost for business owners as IBPLC creates tasks with Hero apprenticeship effort

These statistics have actually also shown that almost 40 percent of employers report difficulties in filling jobs due to a mismatch between workforce skills and labour market needs, with youth unemployment surpassing 30 percent in some areas globally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent need to develop detailed techniques to resolve these common challenges efficiently.” “Transforming them into opportunities, ultimately we can all interact to ensure the success of our economies, neighborhoods, and workforces.” The minister also kept in mind that the agreements focus on enhancing operational efficiency, cultivating development, and driving value development in alignment with Saudi Vision 2030. Key entities included in these contracts include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, sports betting 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 partnerships emerged. INSEAD will supply scholastic services, while partnerships with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs concentrated on management development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among students and the workforce, to name a few. Share
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