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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) in between numerous entities, aiming to offer thousands of training opportunities and jobs for the international workforce. This arrangement was signed at the 2nd 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, employment these initiatives will focus on qualifying diverse groups, such as brand-new graduates, females, and individuals with impairments, for ideal work through specialised training programs, consisting of development, academic initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), employment approximately 67 million youths are currently unemployed, and nearly 20 percent of people aged 15 to 54 are either utilized or employment engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship initiative
These stats have actually also revealed that almost 40 percent of companies report problems in filling vacancies due to a mismatch between labor force abilities and labour market demands, with youth unemployment exceeding 30 percent in some regions globally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent requirement to establish detailed methods to address these typical challenges effectively.” “Transforming them into opportunities, eventually we can all collaborate to ensure the prosperity of our economies, communities, and workforces.” The minister also noted that the arrangements focus on improving functional effectiveness, promoting innovation, employment and driving value production in alignment with Saudi Vision 2030. Key entities associated with these agreements consist of 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 several noteworthy collaborations emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on management advancement and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among students and the labor force, to name a few. Share
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