There are newer employer reviews for Newmont Mining

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

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

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  1. 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
  2. 1 person found this helpful  

    Great Company...from the people, to the work, the atmosphere, the benefits, the list goes on and on.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Analyst - Accounting in Greenwood Village, Arapahoe, CO
    Current Employee - Analyst - Accounting in Greenwood Village, Arapahoe, CO

    I have been working at Newmont Mining

    Pros

    - 9-80 Work Schedule
    - 4+ weeks vacation on year one
    - inexpensive benefits
    - 20%+ annual bonus potential (10% individual performance and 10% company performance)
    - strong 401K
    - great people
    - lots of personal growth opportunities (lunch n learns, town hall meetings, online training, in-house training, tuition reimbursement, etc)

    Cons

    - long hours
    - no maternity leave (need to use PTO or go unpaided)
    - lots of gaps inbetween the ST and LT Disability benefits when you are in the first couple of years of employment

    Advice to ManagementAdvice

    Continue to empower your employees as Newmont grows. Don't get away from the family feel from years ago, for most employees enjoyed that aspect of the company.

    Recommends
    Approves of CEO
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