Trends and Issues
The industry-wide shortage of experienced and skilled talent is expected to continue. While the current market volatility and resultant project slowdowns have reduced pressure, we expect talent attraction and retention to be an ongoing challenge for several reasons, including local demographics in mining regions and the aging workforce in Canada and other countries.
Through our materiality process, we have identified the following to be our material topics relating to People at Goldcorp:
|Material topics||At Goldcorp, this means|
and equal opportunities
|Encouraging diversity of gender, ages, cultures, backgrounds and skills throughout the Board of Directors, management team, employees, contractors, business partners and suppliers.|
Why is This Important to Our Stakeholders?
Our stakeholders expect us to attract, develop and retain talented people who generate sustainable value. Stakeholders also expect us to operate responsibly in accordance with high ethical and legal standards. The strength of our people makes these aims possible. It is important that we create the right work environment, which includes providing opportunities for career development, demonstrating support for diversity and promoting equal opportunities.
Why is This Important to Goldcorp?
At Goldcorp, people are our most important asset. We want to offer our employees and contractors unmatched opportunities to build rewarding careers in a dynamic company. It is important we support our people in their personal and career development. We aim to provide resources, time and knowledge, because when they succeed, we all succeed.
Our strategy is to invest in the attraction, retention, development and safety of a diverse and talented workforce aligned with our values of open communication, innovation, empowering others, safety, respecting all our stakeholders and acting ethically. We encourage an active, innovative workforce that values safety and leadership in responsible business practices. Our multifaceted training environment builds careers, develops our people and provides opportunities for success.
Policies and Guidance
Our Code of Conduct sets the expectations for ethical behaviour at Goldcorp. We endorse a diverse workforce through our Human Rights Policy and Diversity Policy. Our six Core Values guide our recruiting, new employee training, performance management and leadership development. For more on our Core Values, please visit our Vision and Values page on our website.
Our human resources function is headed by the Vice President, People, who reports to the EVP, General Counsel. We also have directors for this function in each of the regions where we operate and at every mine site.
The Compensation Committee of the Board of Directors assists the Board in fulfilling its responsibilities relating to human resources and compensation issues, and in establishing a succession plan for executive officers (see Executive Compensation for more information).