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

The Global Labor Market Conference (GLMC), has seen the signing of 31 agreements and Memoranda of Understanding (MOU) in between different entities, intending to supply thousands of training opportunities and tasks for the worldwide workforce. This arrangement was signed at the second edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these initiatives will focus on certifying varied groups, such as new graduates, ladies, and individuals with disabilities, for appropriate employment through specialised training programs, including advancement, educational initiatives, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently jobless, and almost 20 percent of individuals aged 15 to 54 are either used or engaged in education, organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These statistics have likewise revealed that almost 40 percent of employers report difficulties in filling vacancies due to an inequality between labor force skills and labour market demands, with youth unemployment surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent need to develop comprehensive techniques to address these common challenges effectively.” “Transforming them into chances, ultimately we can all collaborate to guarantee the success of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the contracts focus on improving functional performance, cultivating innovation, and driving worth development in positioning with Saudi Vision 2030. Key entities associated with these contracts consist of 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 numerous notable collaborations emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs concentrated on leadership advancement and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst trainees and the workforce, to name a few. Share
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Business Day, established in 2001, is a daily business newspaper based in Lagos. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both day-to-day and Sunday titles. It circulates in Nigeria and Ghana

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