Newmont Mining

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

1 person found this helpful  

Great Pay and Benefits but struggles with leadership

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Director
Former Employee - Director

I worked at Newmont Mining full-time (more than 5 years)

Pros

Company 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"

Cons

Performance 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 ManagementAdvice

Before 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?

Doesn't Recommend
Negative Outlook
Disapproves of CEO

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

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  1.  

    Great Employer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Good benefits, competitive pay, good use of technology, in-house training,sharp people.

    Cons

    some politics depending on departments

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Newmont

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Newmont Mining

    Pros

    Considerate to time and weekends off

    Cons

    Grueling work schedule caused people to be irritable

    Advice to ManagementAdvice

    Continue with time-off incentives

    Disapproves of CEO
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