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  • Founded Date agosto 11, 1910
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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between numerous entities, aiming to offer thousands of training opportunities and tasks for the international labor force. This agreement was signed at the 2nd 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, together with 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying varied groups, such as new graduates, females, and individuals with disabilities, for suitable employment through specialised training programs, consisting of advancement, academic efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young individuals are presently out of work, and nearly 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship initiative

These statistics have also revealed that almost 40 percent of employers report problems in filling vacancies due to an inequality in between workforce skills and labour market needs, with youth unemployment surpassing 30 percent in some areas internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi said «These figures highlight the immediate need to develop thorough strategies to address these common obstacles successfully.» «Transforming them into chances, ultimately we can all interact to make sure the prosperity of our economies, neighborhoods, and workforces.» The minister likewise noted that the arrangements focus on improving functional efficiency, fostering development, and driving value production in alignment with Saudi Vision 2030. Key entities included in these arrangements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, employment Bella Vista Institute of College, employment the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of noteworthy collaborations emerged. INSEAD will offer academic services, while collaborations with and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on leadership development and capability building. 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 foster entrepreneurship development. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among students and the workforce, amongst others. Share
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