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Founded Date August 29, 1962
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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has experienced the signing of 31 agreements and Memoranda of Understanding (MOU) between various entities, aiming to offer countless training opportunities and jobs for the global workforce. This agreement was signed at the second edition 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 efforts will focus on qualifying varied groups, such as new graduates, females, and people with disabilities, for ideal employment through specialised training programs, consisting of development, instructional initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently out of work, and almost 20 percent of individuals aged 15 to 54 are either employed or taken part in education, organizations, or training programmes. Read likewise: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort
These data have actually also shown that nearly 40 percent of employers report difficulties in filling jobs due to a mismatch in between workforce skills 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 contracts, Alrajhi stated “These figures highlight the immediate requirement to develop extensive techniques to address these typical challenges effectively.” “Transforming them into opportunities, ultimately we can all collaborate to make sure the success of our economies, neighborhoods, and workforces.” The minister likewise noted that the contracts concentrate on boosting operational efficiency, fostering innovation, and driving worth development in positioning with Saudi Vision 2030. Key entities associated with 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 numerous noteworthy cooperations emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs focused on management advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among trainees and the workforce, to name a few. Share
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