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 provide countless training chances and jobs for the international labor force. 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 efforts will focus on certifying diverse groups, such as new graduates, women, and individuals with disabilities, for ideal employment through specialised training programs, consisting of development, instructional efforts, leadership preparation, and referall.us knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently unemployed, and nearly 20 percent of people aged 15 to 54 are either employed or participated in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship initiative

These data have also shown that nearly 40 percent of companies report troubles in filling vacancies due to a mismatch in between labor force skills and labour market demands, with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated "These figures highlight the immediate requirement to establish extensive methods to resolve these typical challenges efficiently." "Transforming them into chances, ultimately we can all work together to ensure the success of our economies, communities, and labor forces." The minister likewise noted that the arrangements focus on boosting functional efficiency, fostering innovation, and driving worth production in positioning with Saudi Vision 2030. Key entities involved in these agreements include the Ministry of Human Resources and Social Development (HRSD), 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 several noteworthy partnerships emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on leadership advancement and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A considerable advancement is the of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst students and the workforce, amongst others. Share
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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

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