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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 agreements and Memoranda of Understanding (MOU) between numerous entities, aiming to provide countless training opportunities and tasks for employment the global workforce. This arrangement 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 focus on certifying varied groups, such as new graduates, women, and individuals with disabilities, for employment appropriate employment through specialised training programmes, consisting of advancement, academic efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for employment Economic Cooperation and Development (OECD), approximately 67 million youths are presently jobless, and almost 20 percent of people aged 15 to 54 are either employed or participated in education, organizations, or training programs. Read likewise: Boost for business owners as IBPLC develops tasks with Hero apprenticeship effort

These stats have also shown that almost 40 percent of employers report problems in filling vacancies due to an inequality in between labor force skills and labour market needs, with youth joblessness going beyond 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent need to develop detailed strategies to deal with these typical challenges successfully.” “Transforming them into opportunities, ultimately we can all work together to guarantee the success of our economies, communities, and labor forces.” The minister also kept in mind that the arrangements focus on improving functional performance, fostering development, and driving value production in alignment with Saudi Vision 2030. Key entities associated with these contracts include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), 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 cooperations emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes focused on leadership advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst students and the workforce, amongst others. Share
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