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Newcrest Mining

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Cost-cutting, under-resourcing and nepotism undermine noble commitments - Project Manager Newcrest Mining Employee Review

3.0
Apr 7, 2021
Recommend
CEO approval
Business Outlook

Pros

Generally good people, pay-benefits and project portfolio. Company is making good money and growing. Headquarters location also has some great plusses in terms of surrounds.

Cons

Noble commitments to integrity-fairness, values, performance and leadership are undermined by double management standards, where certain people with the right connections progress but political decisions are made about others. A cautious follower rather than a sector leader. Commitment to career development is shallow - people get moved around roles at whim and by perverse and opaque special interest. Finance dept holds the whip hand. HR/People team is being cut - HR management is protected (operates for management, not the whole) and is very unresponsive/unavailable/ at times incompetent. Excessive focus on cost/headcount cutting and lean running (despite a stellar balance sheet and large senior management pay and bonuses) means competitive pressures, excessive work hours, and lurching from issue to issue, project to project. Not helped by some deficient legacy systems. Annual performance assessment decisions/bonuses are conducted opaquely for most lower levels.

Explore other reviews about Newcrest Mining

5.0
May 1, 2023
Recommend
CEO approval
Business Outlook

Pros

Great working environment, would recommend.

Cons

It's a job. And jobs suck

3.0
May 27, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Most people are genuinely nice and want to do a good job.

Cons

Morale is low, and redundancies have caused unhappy teams with no one left to do the work. This is causing tension and frustration. High pressure to constantly save save do more more, it's very draining. Recent turnover of many managers.

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