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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 contracts and Memoranda of Understanding (MOU) between various entities, aiming to offer thousands of training chances and tasks for the global labor force. This arrangement 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 people with disabilities, for appropriate work through specialised training programmes, consisting of advancement, academic initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are currently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These data have actually also shown that nearly 40 percent of employers report difficulties in filling vacancies due to a mismatch between workforce skills and labour market needs, [Redirect-302] with youth unemployment exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these agreements, trustemployement.com Alrajhi stated “These figures highlight the urgent need to develop extensive strategies to deal with these typical challenges successfully.” “Transforming them into chances, eventually we can all collaborate to make sure the prosperity of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the arrangements focus on improving operational efficiency, cultivating development, and driving value production 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 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 notable collaborations emerged. INSEAD will offer 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 training programs concentrated on leadership advancement and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and horizonsmaroc.com Arabian Airports to develop workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among trainees and Horny-Office-Babes the workforce, to name a few. Share
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