At Barrick, we recognize that recruiting, motivating and retaining the best people is a critical success factor for our business. We are committed to developing the full potential of our employees. We offer employees educational opportunities, career and skills development, attractive salaries and benefits tailored to the region.
Due to the geographic and cultural diversity of our workforce, we have a blend of global, regional and site-based Human Resources programs. We take a global approach to workforce planning, employee development and talent management to form a consistent understanding of the labour markets in which we operate and in the performance of our people. We take a regional approach to compensation and benefits, training and employee relations to address the unique labour markets and social conditions in the countries where we operate. This combined approach has allowed us to implement targeted local programs that attract, retain and motivate our staff, while reflecting local norms.
Regional or site differences in employee turnover rates range from very low in some areas where we operate to high in others. Global expansion in the worldwide extraction industry is putting stress on the existing labour pool, as evident in regions where there are high turnover rates.
Responsible Person: Vice President, Human Resources