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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has actually seen the finalizing of 31 agreements and Memoranda of Understanding (MOU) between numerous entities, aiming to supply countless training chances and job tasks for the global workforce. This agreement 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 initiatives will concentrate on qualifying varied groups, such as new graduates, females, and individuals with disabilities, for appropriate work through specialised training programs, consisting of advancement, educational initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are presently out of work, and nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, organizations, or training programs. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative
These data have also revealed that almost 40 percent of companies report troubles in filling vacancies due to an inequality between workforce skills and labour market needs, with youth unemployment exceeding 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi stated "These figures highlight the immediate need to develop thorough techniques to deal with these common difficulties successfully." "Transforming them into chances, ultimately we can all work together to guarantee the prosperity of our economies, neighborhoods, and workforces." The minister also kept in mind that the arrangements focus on boosting operational efficiency, promoting innovation, and driving value creation in positioning with Saudi Vision 2030. Key entities involved in these arrangements consist of 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 of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC's MOU will see a number of notable collaborations emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and job ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes concentrated on leadership advancement and capacity building. The Ministry of Tourism inked 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, developed to advance cybersecurity skills amongst trainees and the labor force, to name a few. Share
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