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Recent Editions
North America
Human Times
The annual Best Places to Work survey, a poll of over a million federal workers produced by the Partnership for Public Service and the Boston Consulting Group, reveals that job satisfaction and engagement across the federal workforce increased to 65.7 out of 100. That's a 2.3-point increase over 2022's figures. NASA topped the list of large agencies, while the Government Accountability Office and the National Indian Gaming Commission also ranked highly. The Social Security Administration remained in last place among large agencies. The survey also found that telework is popular among federal workers, with those who telework fulltime reporting the highest scores. Overall, the survey highlights improvements in morale among federal workers and the positive impact of remote work.
Full IssueUK
Human Times
HM Revenue & Customs (HMRC) is using artificial intelligence (AI) in its staff recruitment process. Candidates don't interact with a human until their first day on the job. The recruitment process involves candidates submitting a CV and a 1,000-word statement, followed by a video interview with an automated system. The video interview consists of six questions, and the candidates record their answers after each question. HMRC uses a technology platform called Outmatch to analyse the video interviews and score the candidates against civil service standards. While AI can be helpful in identifying suitable candidates, Adam Al-Badry at recruiter Robert Half argues that human interaction is crucial to assess cultural fit.
Full IssueUSA
Education Slice
A recent survey by the EdWeek Research Center, commissioned by Allovue, highlights a significant pay gap that could influence the longevity of careers for principals and assistant principals. The survey, which included responses from 592 school leaders, found that principals experience a $23,500 gap between their desired and actual compensation, with assistant principals facing a $20,000 gap. This dissatisfaction is causing nearly a third of these leaders to consider leaving their current positions. The survey also pointed out similar pay discrepancies across other educational roles, including classroom teachers and superintendents. Despite a high level of job satisfaction, 25% of principals would leave their positions for better-paying opportunities, according to the National Center for Education Statistics. These compensation issues come at a time when schools are dealing with numerous challenges such as student mental health issues, low academic performance, and increased absenteeism. Principals play a critical role in stabilizing schools; frequent turnover, which is exacerbated by low pay, can disrupt student achievement and teacher retention. The findings underscore the need for a careful reconsideration of salary allocations within school budgets, especially as schools face the end of pandemic-triggered federal funding. The survey suggests a more gradual reduction in federal funding could help districts manage budget constraints without sacrificing necessary staff and resources.
Full IssueUSA
Accountancy Slice
Grant Thornton is laying off about 350 U.S. employees as the accounting firm moves closer to selling a stake of its U.S. unit to private equity firm New Mountain Capital. The cuts, equating to 3.5% of the U.S. workforce, span advisory, audit and tax up to the level of managing director. The cuts follow similar moves last year, in which Grant Thornton cut about 300 people, mostly in advisory and tax, last May and nearly 200 people in advisory in November.
Full IssueScotland
Legal Matters Scotland
The Infected Blood Inquiry has found that Scottish patients who were infected with life-threatening diseases after being given contaminated blood were studied without their knowledge. It found that several Scottish patients being treated for haemophilia were used for Aids research without their consent. According to the inquiry, Scottish doctors were aware of the risks of using a blood clotting treatment called Factor VIII, but did not inform their patients and instead carried out research. In his final report, inquiry chairman Sir Brian Langstaff, said the so-called “Edinburgh Cohort” was among the most studied group of patients in the world, because they were infected by a single batch of Factor VIII, under the care of Prof Christopher Ludlam. The Scottish National Blood Transfusion Service (SNBTS) issued an apology to victims ahead of the publication of the report. Joyce Donnelly, representing the Scottish Infected Blood Forum, said if the recommendations of the inquiry were implemented victims would receive what they should have received decades ago. She added: “If the Government can now put it right – a lot of people have missed out, a lot of people have passed on and died in the interim – but there are still people who are waiting for it to be put right and that is my hope for the future.”
Full IssueNorth America
Legal Slice
Law schools may soon have more information about the educational and economic challenges applicants have faced on their path to a law degree. The Law School Admission Council (LSAC) is developing a new “environmental context” metric for colleges and universities. The aim of the new college metric is to help law schools better understand the advantages or hurdles their applicants have encountered and to offer a fuller picture of their potential beyond undergraduate grades and standardized test scores. The project comes in the wake of the U.S. Supreme Court's decision on the consideration of race in college admissions. Law schools this year began experimenting with new ways to admit students without directly considering their race. To test the impact of the new college metric, the council is using 2023 applications that have already been considered by law school admissions offices. Early figures showed that law school applicants from “high-challenge colleges” are 2.5 times more likely to be first-generation college students than those from “low-challenge colleges.” Nearly all applicants from low-challenge colleges get accepted into law school, while fewer than two-thirds from high-challenge colleges get in. Law schools are seeking to gain insight into applicants' challenges and assess their barriers and achievements.
Full IssueEurope
Risk Channel
A study by the Audit Reform Lab, a research centre at the University of Sheffield, has found that audit firms failed to issue warnings before three out of four major UK corporate collapses since 2010. The research looked at 250 stock market listed companies liquidated between 2010 and 2022 and found that auditors failed to include a material uncertainty notice in about 75% of cases. EY warned of going concern risks for just 20% of companies that subsequently collapsed. PwC provided warnings in 23% of cases, Deloitte 36% and KPMG 38%. Smaller auditors performed even worse, delivering warnings in only 17% of collapses. Professor Adam Leaver, the Audit Reform Lab director, said auditors are failing to show independent judgement or professional scepticism, with the sector “plagued by poor standards, a toothless regulator, conflicts of interests and weak sanctions for malpractice.” The Audit Reform Lab said penalties issued by the Financial Reporting Council were too small to “materially affect partner pay - providing an insufficient deterrent and enabling firms to continue to be rewarded for failure.” The report added: “Until the culture of audit is reformed and a new and more effective regulator is in place, partners at audit firms will continue to reap huge financial rewards, despite continued audit failures that harm business confidence and our economy more widely.”
Full Issue