Management Approach
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Goals and Performance | Policy | Organizational Responsibility | Training and Awareness | Monitoring and Follow-up | Additional Contextual Information
Goldcorp’s employment philosophy is to hire highly qualified and experienced individuals who will contribute to the success of the organization. We are committed to supporting and encouraging the development of our people by providing training and opportunities for continuous learning and career growth within our Company.
Goldcorp is committed to delivering an outstanding employee experience. With a workforce of over 14,500 employed in diverse regions throughout the Americas, a variety of career opportunities and new challenges exists, offering exciting travel, cultural exposure and international work experience.
Goals and Performance
Corporate objectives are established each year and then cascaded throughout the organization so that they can be incorporated into individual employee objectives. Goldcorp has introduced a Performance Management System (GPS) that is being implemented across the organization. Employees work with their supervisor to set up annual objectives at the beginning of the year, and then go through discussions on performance and achievements throughout the year. In this way, Goldcorp ensures that goals and objectives of every employee are aligned with the overall corporate objectives.
Part of the performance discussion centres around career growth within Goldcorp. All employees in Goldcorp will eventually have access to the Performance Management System and will be able to manage their own career development.
Policy
Our human resources policies are developed and implemented within the various jurisdictions in which we operate. This ensures that these policies take local regulations into account. A comprehensive package is made available to new employees outlining policies, conditions and benefits, and this material is maintained on our intranet on an ongoing basis.
Organizational Responsibility
Goldcorp operates under a decentralized organization model. The corporate Human Resources Group develops the overall strategy, and then provides the tools and processes to ensure a rewarding experience for our employees.
The Compensation Committee of the Board assists the Board in fulfilling its responsibilities relating to human resources and compensation issues, and in establishing a plan of continuity for executive officers and other members of senior management. The committee has four members, all of whom are independent directors.
Goldcorp’s technical and strategic human resources function is headed by a Senior Vice President for People and Safety who reports directly to the President and Chief Executive Officer of Goldcorp. The Senior Vice President for People and Safety is supported by four Directors covering the areas of Recruitment and Talent Management, Compensation, Organizational Development, and Pensions and Benefits.
Training and Awareness
In 2011, we continued to focus on training and development across all regions and operations. Our efforts in the areas of succession planning, performance management and the identification of high-potential candidates continue to emphasize our commitment to human resources and answer the increased demand for skilled employees in our worldwide markets. We also continued to empower our personnel through numerous programs designed to advance careers and business skills, including safety and leadership and executive development.
Goldcorp encourages people to participate in advanced education, training or other professional development activities and may offer financial assistance to do so. Requests for financial assistance are evaluated on a case-by-case basis.
Monitoring and Follow-up
Feedback is solicited from all employees who attend training and development programs to ensure that value is being added. Discussions are also held with the employee’s supervisor who is asked if they see on-the-job performance improvements.
Goldcorp periodically surveys their employees to ensure that their level of engagement with the organization remains high and also to discover areas in which Goldcorp can improve.
Additional Contextual Information
Goldcorp is committed to foster an open and inclusive workplace environment and strongly supports the principle that all individuals should have an equal opportunity to participate in our Company and achieve their full potential.