Newmont Mining

  www.newmont.com
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Great Pay and Benefits but struggles with leadership

Director (Former Employee)

ProsCompany offers some of the best pay and benefits in their industry.
Bonuses are based on personal performance as well as the companies performance.
Company offers opportunity to work overseas on foreign assignments
Company offers longevity and stability as long as you are an "insider"

ConsPerformance ratings are run using Success Factors system and then "calibrated" by upper management which often arbitrarily reduces ratings based on overall company performance.
Corporate HQ has grown exponentially during years of record profits, but growth has not produced increased profitability or functionality. Overhead burden = YES!
Regional career path is still somewhat dependent on the old boys system and who you know rather than what you know or what you can do. Sad but true.
HR policies are still based on the carrot and stick (big stick) MBF - management by fear.
Corporate culture and "Living the Values" are highly touted and used in performance management, appraisals and promotions, but are rarely practised by some of the champions.
Leadership is highly compensated in their industry but at a time when a "Nutless Monkey" (thanks Tom Cruise!) could have steered a ship successfully through record earnings, poor leadership and decisions led to disasters!

Advice to Senior ManagementBefore cutting positions in a productive region - actually the best producing region in the company, trim the fat and excess in the corporate ivory tower.
What do "Global Experts" do when you are no longer pursuing new global opportunities?
If the company is encouraging an uplift in education and experience why choose to retrench to local and time served when making decisions on layoffs?

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great Employer

    Anonymous Employee (Former Employee)

    I worked at Newmont Mining full-time for more than 10 years


    Pros: Good benefits, competitive pay, good use of technology, in-house training,sharp… Cons: some politics depending on departments Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company… More
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Newmont

    Anonymous Employee (Former Employee)

    I worked at Newmont Mining


    Pros: Considerate to time and weekends off Cons: Grueling work schedule caused people to be irritable Advice to Senior Management: Continue with time-off incentives More
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