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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 arrangements and Memoranda of Understanding (MOU) between numerous entities, aiming to offer countless training opportunities and jobs for the international workforce. This arrangement was signed at the second edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, job by His Excellency Engineer Ahmad Bin Salman Alrajhi, job the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these efforts will focus on qualifying varied groups, such as brand-new graduates, females, and individuals with specials needs, for ideal employment through specialised training programs, including advancement, instructional efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young individuals are presently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either employed or participated in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC creates jobs with Hero apprenticeship effort
These statistics have also revealed that nearly 40 percent of companies report difficulties in filling vacancies due to a mismatch in between workforce abilities and labour market demands, with youth joblessness going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the immediate requirement to develop thorough methods to address these common challenges efficiently.” “Transforming them into chances, eventually we can all collaborate to make sure the success of our economies, communities, and workforces.” The minister likewise kept in mind that the arrangements focus on improving functional performance, cultivating development, and driving worth creation in positioning with Saudi Vision 2030. Key entities associated with these agreements consist of the Ministry of Human Resources and Social (HRSD), job the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, 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 numerous noteworthy collaborations emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs focused on leadership advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among students and the workforce, amongst others. Share
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