Newmont Mining

  www.newmont.com
  www.newmont.com
There are newer employer reviews for Newmont Mining

4 people found this helpful  

Huge jump in salary; uncertain personal desire to stick around for too long.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Manager of Others in Denver, CO
Current Employee - Manager of Others in Denver, CO

I have been working at Newmont Mining

Pros

- Great pay, great benefits, great global & cultural exposure
- Great executive leadership that are truly trying to do the right thing
- A lot of really great people (intelligent, personable, etc)
- Great non-promotional career development opportunities if you are self-driven
- Ability to land a position insisting on more experience than you might have; as long as you are a quick learner, have great people skills, and are a good cultural fit into the team dynamic - they'll take a chance on you.

Cons

- Holy POLITICS batman! Too many high level Directors with little to no knowledge of the business they are in charge of - busy managing up and neglect actually being good managers.
- I haven't had a good boss yet. Every manager has been primarily self-interested and focused on promotion with absolutely no focus on the best interest of their employees career development.
- Terrible talent management. I've referred 5 of of the smartest people I know to open positions with no response from HR. Lots of missed opportunities; usually results in a high-level manager bringing in his/her buddies from a past company.
- Once again, POLITICS. It may be the nature of a company this size, but I have never seen more grown men in high-level positions act like such children.

Advice to ManagementAdvice

The top is pointed in the right direction, and the bottom is executing on target - sort out the bad apples in Director roles and pay more attention to employee retention. Allow more internal growth opportunities instead of pulling all of your buddies in and neglecting the future of the company. 90% of the employees have been there less than 5 years - do you ever stop and wonder why?

Recommends
Approves of CEO

72 Other Employee Reviews for Newmont Mining (View Most Recent)

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  1. 3 people found this helpful  

    At $1800 per ounce one would think they could pay employees more than the contractors.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Battle Mountain, NV
    Former Employee - Anonymous Employee in Battle Mountain, NV

    I worked at Newmont Mining

    Pros

    This place has a Bass Akwards compensation structure. The less education you have, the more likely you are to be paid more. The less you know about mining, and the more blood ties you have with employees and contractors and vendors, the more likely you will be a manager. It's a job, but there are other companies that this place contracts work to that pay significantly better and know more about mining. Employees without college education, but who have a relative working here are at a great advantage.

    Cons

    At $1800 per ounce, you think this place would be making enough money to pay employees better, but apparently all of it goes into paying the contractors who are doing the same amount of work. At Newmont prepare to make 30%-60% less than if you're working with a company like SMD or Redpath (both of which pay over $100k). If you're not related to someone working in management, or one of the vendors, you'll never advance. Your best bet is to work for one of the contractors.

    Newmont could probably pay better if they wouldn't have wasted so much money putting the managers, and parts 100+ ,miles away from the mine sites. If the managers thought they could manage a mine 100 miles away from the mine site, why not just run it from Denver? That way they could get rid of the wasted resources in the NARO-minded building.

    Advice to ManagementAdvice

    Pay talented employees more, and get rid of the "here since high school" managers. Not one person in Nevada is actually a licensed professional in a recognized field, but there are sure a bunch of people sitting around in the NARO building who think the have miraculously worked their way into a "profession." Surveyors are not engineers, and until they finish a college program and pass the PE Exam, they never will be. The same holds true for the other wana-be "professionals" who claim to have "worked their way up." Stop wasting money on resources to fill the NARO building and the CAT warehouse and pay your employees working in the field more, or you'll lose them to SMD or other industries.

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    Great place to get some experienceand then move on.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Carlin, NV
    Current Employee - Anonymous Employee in Carlin, NV

    I have been working at Newmont Mining

    Pros

    You will know more about the mine and how to make gold than the managers very quickly.

    Job can be interesting and personally challenging.

    Pay and benefits are good for someone out of school. Vacation time earned is better than most.

    You can be incompetent and become a manager.

    The contacts you make with contractors will land you a better job with another company.

    Cons

    Good old boys club. If you aren't a relative or best friend of a manager, you will never be respected or trusted.

    Most of the management is vastly under-qualified for the job.

    They waste millions on projects that a skilled person knows will not work while neglecting obvious low hanging fruit.

    Politics.

    Most managers are from a mining engineering or metallurgical background but show a surprising lack of understanding how to make gold.

    Absolutely zero focus on proper planning. The targets are shifted faster than proper solutions can be implemented.

    Our bonuses and raises are getting lower as the profits get bigger.

    Advice to ManagementAdvice

    Wake up in Denver and get your house in order, then fix Nevada. There is so much potential here. I have seen a lot of talent leave to be replaced with incompetence. Have the technically competent people decide which project to pay for. Stop sending managers to make those major decisions that can't understand the basic, much less detailed aspects of a project. I am tired of it finally. I'm leaving too. Good luck.

    Doesn't Recommend
    Disapproves of CEO
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