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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 arrangements and Memoranda of Understanding (MOU) in between numerous entities, aiming to offer thousands of chances and jobs for the global labor force. This agreement 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, employment these efforts will focus on qualifying varied groups, such as new graduates, women, and people with disabilities, for ideal employment through specialised training programmes, consisting of advancement, educational 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 employment taken part in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship effort

These data have also shown that almost 40 percent of employers report troubles in filling vacancies due to a mismatch in between workforce skills and labour market demands, with youth unemployment going beyond 30 percent in some regions worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent requirement to establish detailed methods to address these typical difficulties effectively.” “Transforming them into opportunities, eventually we can all interact to make sure the prosperity of our economies, communities, and labor forces.” The minister likewise kept in mind that the agreements concentrate on enhancing operational effectiveness, employment cultivating innovation, and driving worth development 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, 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 notable cooperations emerged. INSEAD will provide academic services, while partnerships with Space Faculty and ProFun will check out development and employment knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs concentrated on leadership advancement and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications 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, designed to advance cybersecurity abilities among trainees and the workforce, to name a few. Share
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Business Day, developed in 2001, is a day-to-day business newspaper based in Lagos. It is the only Nigerian paper with a bureau in Accra, Ghana. It has both everyday and employment Sunday titles. It circulates in Nigeria and Ghana