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Newmont Mining
3.0 of 5 35 reviews
www.newmont.com Greenwood Village, CO 5000+ Employees
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Newmont Mining Reviews

Updated May 05, 2013

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3.0 35 reviews

                             

68% Approve of the CEO

Newmont Mining CEO Richard T. O'Brien

Richard T. O'Brien

(22 ratings)

54% of employees recommend this company to a friend
35 employee reviews
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Current Employee – been working at Newmont Mining

ProsHigh paced work environment helps develop valuable knowledge and experience in short order.
Competitive pay and great benefits.

ConsLike many companies, change is perpetual.

Advice to Senior ManagementContinue to grow and develop your internal work force.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Greenwood Village, CO (US)

Current Employee – been working at Newmont Mining full-time for more than 3 years

ProsGreat compensation, good balance of work and personal time, global opportunities

Constoo many layers of management

Advice to Senior ManagementLess management layers could be beneficial to the company

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Former Employee – worked at Newmont Mining full-time

ProsOverall, there is a very friendly atmosphere. I saw a lot of cooperation across departments. There is also a good work-life balance.

ConsIt was hard to think of a con. The only con is that things can get dull. However, I would take dull over chaotic.

Advice to Senior ManagementNice job! Maintain the positive work-life balance and good culture!

Yes, I would recommend this company to a friend

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Elko, NV (US)

Current Employee – been working at Newmont Mining full-time for more than 7 years

ProsOpportunity for personal development, great people, great safety culture

Consoperations in the middle of Nevada. lacking off-work options. housing super expensive for small towns.

Yes, I would recommend this company to a friend

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Former Employee – worked at Newmont Mining full-time for more than 7 years

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

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Carlin, NV (US)

Former Employee – worked at Newmont Mining full-time for more than 3 years

ProsPeople have flocked to the Elko Nevada area, the Carlin pit mine in my case, to be thankful to have a job. It's a secure thought and has benefits included.

ConsThe management, supervisors especially, are basically treating people like slaves to the lowest point, and have a mixed bag of reasons to fire you.It's ok for one person, different for the drinking/fishing pal. They need a standard of acceptance, cut the crap on female harassment, be aware of it, from supervisors to workmates.Supervisors need to follow trained procedures, have a brain, not be a family member of past and move in progression, or an eager idiot who wants a name tag and shove people around.You are losing good dedicated people over ignorance in supervision/policies.They never explain a workers rights in a situation, because most supervisors don't even know them! Profits are #1, safety always #2 until after the fact, they put on a good show to cover their butt first ALWAYS! Train supervisors and HR to today's standards, not make their own as see fit, continuity works great in a workplace!

Advice to Senior ManagementGet your head out of the sand, it's 2013, not 1935. There is a need to treat workers right, with reason for cause. I would NEVER invest into this outfit, just to line corporate pockets, slavery was supposed to be abolished years ago. If you have a large turnover of workers, maybe look down the line and see really why you're losing them.You spend a fortune on training, why lose them over ignorance on your part?

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

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Englewood, CO (US)

Former Employee – worked at Newmont Mining as an intern for less than a year

ProsI worked at their smaller MTF lab and the people there were great. It is a pretty big company, fortune 500 and 46,000 employees, so there are the benefits of the big company. I worked at a 200 person lab, so there was definitely also the feel of a nice homey place to work. Very good work life balance working 9/80s.

ConsCan't think of any cons

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Former Employee – worked at Newmont Mining full-time for more than 10 years

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

Conssome politics depending on departments

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Former Employee – worked at Newmont Mining

ProsConsiderate to time and weekends off

ConsGrueling work schedule caused people to be irritable

Advice to Senior ManagementContinue with time-off incentives

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Current Employee – been working at Newmont Mining full-time for more than a year

ProsThere are some really smart, good people at Newmont. You get to do some cool potential travel and the pay is about 30% above market..

ConsVery slow, old school, old boy culture. Hard to make decisions and get work done. Salary and benefits are set up as "golden handcuffs" -- stock options vest over three years, kind of forcing you to stick around despite the disfunction. While the culture, mission, and values look great on paper, this can be a very low-trust environment, leading to churn, constantly revisiting decisions, and other frustrations.

Advice to Senior ManagementNewmont seriously needs to do a significant culture transformation. Merely adjusting the strategy and hoping that the next level of management will fall into line isn't working.

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

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