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 numerous entities, aiming to supply countless training chances and tasks for the global labor force. This agreement was signed at the 2nd edition of the GLMC 2025, released in Riyadh, Saudi Arabia, referall.us by His Excellency Engineer Ahmad Bin Salman Alrajhi, the of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying diverse groups, such as brand-new graduates, women, and individuals with impairments, for appropriate employment through specialised training programs, including advancement, instructional initiatives, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are presently unemployed, and nearly 20 percent of people aged 15 to 54 are either used or taken part in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative
These statistics have also revealed that almost 40 percent of companies report problems in filling jobs due to an inequality between workforce skills and labour market needs, with youth unemployment going beyond 30 percent in some areas worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi said "These figures highlight the immediate requirement to develop extensive methods to resolve these typical difficulties efficiently." "Transforming them into chances, ultimately we can all collaborate to make sure the prosperity of our economies, neighborhoods, and workforces." The minister likewise noted that the contracts focus on enhancing operational effectiveness, promoting innovation, and driving value development in alignment with Saudi Vision 2030. Key entities included in 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 noteworthy partnerships emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on management advancement and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials 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, created to advance cybersecurity abilities among trainees and the workforce, among others. Share
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