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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 arrangements and Memoranda of Understanding (MOU) between different entities, aiming to provide thousands of training chances and tasks for the worldwide workforce. This arrangement was signed at the 2nd edition of the GLMC 2025, in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, referall.us together with 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying varied groups, such as new graduates, ladies, and people with disabilities, for suitable employment through specialised training programmes, including development, instructional initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are presently out of work, and almost 20 percent of individuals aged 15 to 54 are either employed or engaged in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative

These statistics have actually likewise shown that almost 40 percent of employers report difficulties in filling vacancies due to a mismatch in between labor force skills and labour market needs, with youth joblessness going beyond 30 percent in some areas internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the urgent need to establish thorough methods to attend to these typical challenges successfully.” “Transforming them into chances, eventually we can all collaborate to guarantee the prosperity of our economies, neighborhoods, and workforces.” The minister also kept in mind that the contracts concentrate on enhancing functional effectiveness, cultivating innovation, and driving value development in positioning with Saudi Vision 2030. Key entities included in these contracts 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 Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy cooperations 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 customized training programs focused on leadership advancement and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the workforce, among others. Share
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