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

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 arrangements and Memoranda of Understanding (MOU) in between various entities, intending to offer countless training chances and jobs for the worldwide labor force. This arrangement was signed at the 2nd of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, in addition to 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying diverse groups, such as new graduates, employment women, and individuals with specials needs, for suitable work through specialised training programs, including advancement, academic efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are presently jobless, and employment nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, organizations, or training programs. Read likewise: Boost for business owners as IBPLC creates tasks with Hero apprenticeship effort

These stats have also revealed that nearly 40 percent of employers report difficulties in filling vacancies due to an inequality between workforce abilities and labour market needs, with youth unemployment exceeding 30 percent in some regions globally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated « These figures highlight the immediate need to establish thorough strategies to address these typical challenges efficiently. » « Transforming them into opportunities, eventually we can all collaborate to guarantee the prosperity of our economies, neighborhoods, and labor forces. » The minister likewise noted that the agreements concentrate on boosting operational efficiency, cultivating development, and driving worth production in alignment with Saudi Vision 2030. Key entities involved in 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 Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable collaborations emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on leadership development and capacity building. The Ministry of Tourism tattooed 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 advancement. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst students and the workforce, to name a few. Share
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