Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between various entities, intending to supply countless training opportunities and jobs for the international labor force. This contract 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 initiatives will concentrate on certifying varied groups, such as new graduates, ladies, and individuals with disabilities, for ideal employment through specialised training programs, consisting of advancement, academic efforts, leadership preparation, and 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 individuals aged 15 to 54 are either employed or engaged in education, institutions, or training programmes. Read likewise: Boost for business owners as IBPLC produces jobs with Hero apprenticeship effort
These data have also shown that almost 40 percent of companies report difficulties in filling vacancies due to a mismatch between workforce skills and labour market demands, with youth joblessness surpassing 30 percent in some regions globally. Related News
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Highlighting the significance of these contracts, Alrajhi said "These figures highlight the immediate requirement to establish thorough techniques to deal with these typical challenges effectively." "Transforming them into opportunities, ultimately we can all work together to make sure the prosperity of our economies, communities, and labor forces." The minister likewise kept in mind that the agreements concentrate on enhancing operational effectiveness, fostering innovation, and driving worth production in alignment with Saudi Vision 2030. Key entities associated with 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 numerous notable cooperations emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs concentrated on management advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials and training initiatives. Princess Nourah University partnered with SEA to cultivate entrepreneurship development. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the labor force, to name a few. Share
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