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Recent Editions
Human Times
North America
Canadian lender Toronto-Dominion (TD) Bank has told some staff in its financial crimes and risk management team that it would run software to track the time they spend on browsers and internal chat and meeting applications. TD said the deployment of such software is "standard practice across the industry . . . the tool allows managers to more accurately manage workflows, team capacity and performance. Where deployed, colleagues are informed about where they are used and for what purpose." Deanna Pacitti, TD's associate vice president of high-risk investigations, told her team on a call reviewed by Reuters: "The idea is it's going to show pain points, where do we spend too much time . . . We know we have a lot of pain points across our systems."
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Human Times
UK
Official analysis reveals that today's graduates are set to earn nearly £80,000 less over their lifetimes than those who graduated 20 years ago, intensifying concerns over the value of higher education. An undergraduate completing studies in 2024 can expect lifetime earnings of £816,000, down £76,000 in real terms since 2004, while postgraduate earnings have also fallen. The findings suggest a shrinking "graduate premium" as wages for non-graduates rise faster and graduate employment prospects weaken. Only 57% of 2024 graduates were in full-time work 15 months after finishing.
Full Issue
Human Times
Europe
Brexit became a reality on this day in 2016, when 52% - or more than 17m people in the UK - voted to leave the EU. Experts say the UK economy is between 4% and 8% smaller than it would have been had the country voted to remain in the bloc - although Brexiters argue that leaving the EU is not something that can be judged in the short-term. Polls from Ipsos suggest that more than half (52%) of people in the UK would now like to rejoin the EU while 33% are against it, and 48% would support another referendum today on Britain’s membership of the EU against 27% who would oppose one. CBI director-general Rain Newton-Smith has told the FT that 10 years after the 2016 vote the UK's business community does not want to rejoin the EU - despite acknowledging the economic pain.
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Human Times
Middle East
The UAE's Ministry of Human Resources and Emiratisation (MoHRE) has reminded private companies with 50 or more employees to meet their Emiratisation targets by June 30, 2026. Non-compliant firms will face financial penalties starting July 1, with fines of Dh10,000 per month for each unfilled Emirati position. Companies must achieve a 1% increase in Emirati employment in skilled roles during the first half of the year. MoHRE emphasised the importance of Emiratisation for national economic development and urged firms to utilise the Nafis platform to connect with qualified Emirati jobseekers.
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