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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.
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Human Times
Europe
BMW is said to be preparing for talks with staff representatives after the German carmaker issued a profit warning last week and said it would accelerate efficiency measures. "We are initially working on viable solutions, through dialogue and with a sense of responsibility toward our employees," a works council spokesperson said. Reuters notes that unlike Volkswagen and Mercedes-Benz, BMW has not yet announced sweeping redundancy programmes.
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Human Times
Middle East
The Saudi Ministry of Human Resources and Social Development has announced a new guide for occupational fitness assessments and non-communicable disease (NCD) screenings for all employees. The implementation will occur in three phases, starting with pre-employment screenings for public-sector and non-profit workers. The second phase will expand screenings to existing employees in high-risk establishments. The final phase will cover all sectors. Employees who do not meet fitness requirements will not be allowed to work, and screenings will also occur during employment under specific circumstances.
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