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The Global Labor Market Conference (GLMC), has actually seen the signing of 31 contracts and Memoranda of Understanding (MOU) between different entities, aiming to supply countless training chances and tasks for the worldwide workforce. This contract was signed at the second edition of the GLMC 2025, released in Riyadh, Saudi Arabia, employment 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 initiatives will concentrate on certifying diverse groups, such as new graduates, women, and individuals with disabilities, for appropriate work through specialised training programmes, including development, instructional initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently out of work, employment and almost 20 percent of people aged 15 to 54 are either used or taken part in education, institutions, or training programs. Read also: Boost for employment entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These statistics have also shown that nearly 40 percent of companies report problems in filling vacancies due to an inequality between workforce skills and labour market needs, with youth unemployment going beyond 30 percent in some regions internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said "These figures highlight the urgent need to establish detailed methods to resolve these typical challenges successfully." "Transforming them into chances, eventually we can all collaborate to ensure the prosperity of our economies, neighborhoods, and labor forces." The minister also noted that the arrangements focus on enhancing functional effectiveness, fostering development, and driving worth creation in positioning 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC's MOU will see several notable cooperations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes concentrated on management development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst students and the labor force, among others. Share
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