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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) in between various entities, aiming to provide countless training chances and jobs for the global workforce. This agreement was signed at the second 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 initiatives will focus on certifying varied groups, such as new graduates, women, and people with disabilities, for suitable work through specialised training programmes, including development, instructional efforts, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently out of work, and nearly 20 percent of people aged 15 to 54 are either utilized or participated in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship effort

These statistics have likewise shown that nearly 40 percent of companies report difficulties in filling vacancies due to an inequality between labor force abilities and labour market needs, employment with youth unemployment exceeding 30 percent in some areas worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi stated „These figures highlight the urgent need to establish thorough techniques to resolve these common challenges efficiently.“ „Transforming them into opportunities, eventually we can all interact to guarantee the success of our economies, communities, and labor forces.“ The minister likewise noted that the arrangements concentrate on boosting operational effectiveness, fostering development, and driving worth creation in positioning with Saudi Vision 2030. Key entities included in these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour (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 notable partnerships emerged. INSEAD will provide academic 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 leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among trainees and the labor force, to name a few. Share
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