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

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 arrangements and Memoranda of Understanding (MOU) between various entities, intending to provide thousands of training opportunities and jobs for the global labor force. This agreement 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, together with 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying diverse groups, such as brand-new graduates, females, and individuals with specials needs, for appropriate employment through specialised training programmes, including advancement, academic initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently jobless, and nearly 20 percent of individuals aged 15 to 54 are either utilized or participated in education, organizations, or training programs. Read also: Boost for business owners as IBPLC creates tasks with Hero apprenticeship initiative

These stats have actually likewise shown that nearly 40 percent of companies report difficulties in filling jobs due to a mismatch in between labor force skills and labour market demands, with youth unemployment exceeding 30 percent in some regions worldwide. Related News
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Highlighting the of these agreements, Alrajhi stated “These figures highlight the immediate need to establish comprehensive strategies to address these typical obstacles efficiently.” “Transforming them into chances, eventually we can all collaborate to guarantee the success of our economies, neighborhoods, and labor forces.” The minister likewise noted that the agreements focus on boosting operational performance, promoting development, and driving value production in positioning with Saudi Vision 2030. Key entities included in these arrangements include the Ministry of Human Resources and employment 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 a number of noteworthy collaborations emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes focused on management development and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A significant advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst students and the workforce, among others. Share
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Business Day, developed in 2001, is a daily company paper based in Lagos. It is the only Nigerian paper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It flows in Nigeria and Ghana

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