Newmont Mining Reviews

Updated September 25, 2014
Updated September 25, 2014
69 Reviews
3.0
69 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Gary J. Goldberg
20 Ratings

Review Highlights

Pros
  • Company offers some of the best pay and benefits in their industry (in 9 reviews)

  • Great pay, great benefits, great PTO, 9/80 work schedule (in 6 reviews)


Cons
  • Limited work-life balance and political power plays are common (in 4 reviews)

  • That also means there is little to no career path for those that remain (in 3 reviews)

More Highlights

Employee Reviews

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  1.  

    It is a moderately good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Reporting Analyst in Denver, CO
    Current Employee - Financial Reporting Analyst in Denver, CO

    I have been working at Newmont Mining full-time (more than 3 years)

    Pros

    Good overall pay levels and decent benefits.

    Cons

    Lack of leadership and employee development.

    Advice to ManagementAdvice

    Add some role responsibility and clarity.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Good people but a bit disorganized.

    • 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

    Pros

    Good salary and benefits. Nice people and good working environment. Lot of opportunities to learn.

    Cons

    Lack of organization hurts the progress of the company. Poor large scale decisions bogged down future growth.

    Advice to ManagementAdvice

    Hire more upper level people with technical experience.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    In search of a strategy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Manager in Denver, CO
    Former Employee - Senior Manager in Denver, CO

    I worked at Newmont Mining full-time (more than an year)

    Pros

    Good, smart people doing interesting work. Pay & benefits in line w/Fortune 500 companies.

    Cons

    Lack of skilled leadership and management at every level. Ever shifting priorities without a sustaining strategy. Poor infrastructure and processes.

    Advice to ManagementAdvice

    Set a course and stick with it. Make day to day operations predictable and replicable.

    Recommends
    Negative Outlook
    Disapproves of CEO
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  5. 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
  6.  

    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
  7.  

    Good and bad

    • Comp & Benefits
    • Work/Life Balance
    Former Employee - Administration
    Former Employee - Administration

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

    Pros

    Great benefits and pay, better then most other jobs in the area. Variety of training available. Good overall experience.

    Cons

    There tends to be a break down in communication when issues arise. Certain departments run over others. Long hours

    Advice to ManagementAdvice

    Communicate better. Show an interest in the success of your employees.

  8.  

    A good leraning experience

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

    I have been working at Newmont Mining

    Pros

    Several High Profile projects
    Company wanting tio implement significant change

    Cons

    Slow to react and implement change
    Not willing to provide sufficient resources to complet the changes required.
    Lack of suitabkle systems and processes
    salaries not in the upper quartile of the inductry which are affecting the ability to attract and retain top performers.

    Advice to ManagementAdvice

    Significant increases in resources are required to implement the lomg term vision. Failure to pay market leading salaries is affecting the ability to attract and retain top performers.

    Approves of CEO
  9.  

    Good company, great people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - IT
    Current Employee - IT

    I have been working at Newmont Mining

    Pros

    Many great things about the company - commitment to safety, environmental and social responsibility - terrific people and pay/benefits - immersion in international cultures

    Cons

    A significant lack in walking the talk regarding the company's value of "developing employees in the pursuit of excellence." In many departments, there was a trend more like "out with the old and in with the new" every time a new manager took over, losing a lot of good people. Morale is going downhill fast.

    Advice to ManagementAdvice

    Listen to employees at all levels, not just your favorites in the 'cliques'

    No opinion of CEO
  10.  

    Many Projects and initiatives, too little staffing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - IT Professional in Denver, CO
    Current Employee - IT Professional in Denver, CO

    I have been working at Newmont Mining

    Pros

    Great pay compared to market.
    Great benefits.
    Great experience.

    Cons

    Although Newmont recently brought its IT dept inhouse, key portions Newmonts IT staff are still augmented by contractors in an effort to save money. Contractors do not seem to be treated/viewed by mgmt the same as in-house Newmont employees. The IT staff as a whole is way to small to do the work on a Global scale that it has been tasked with; thus 60-70 work weeks are common. Although Newmont offers a 9-80 work schedule, tackling an enormous workload with limited staff and the "always-on" global nature of the company makes work/life balance a big challenge.

    Advice to ManagementAdvice

    To the CIO - Focus on building teams. Bring the good contractors on board as Newmont employees and hire the right amount of staff based on data from other companies the same size.

    Doesn't Recommend
    No opinion of CEO
  11. 2 people found this helpful  

    Put on a good face

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

    I have been working at Newmont Mining

    Pros

    Wide range of projects, work assignments and opportunity to move between them. Job involment is in your hand. Fairly stable company with benefits.

    Cons

    Obvious working "silos" between departments and projects. Little to no corporate direction, strategy or plan. The information provided to employees is so general it could apply to any organization.

    Advice to ManagementAdvice

    The company does a good job of creating procedures but appears to do little in following them (Stage Gate). I would hope we would be able to get past the constant lip service and develop tools for improving our business - such as create an online scorecard of the projects to show what stage each one is in. It's always a mystery finding critical project information - who has it and where is it stored? In my opinion we would be able to run our business considerable better with instant information access. This requires data organization. In the current system when someone retires or moves on thier information is lost. There are plenty of options for storing, retrieving and accessing all types of information.

    No opinion of CEO

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