Management Approach

Barrick’s success is the result of the expertise, professionalism and commitment of employees. We are committed to providing a positive work environment to attract and retain the highest quality people and to developing leaders to ensure our future success. Employees are key stakeholders in the company. They expect, and have a right, to be treated with respect through open, honest and timely communication.

Our vision and values, as well as our Code of Business Conduct and Ethics and the company’s Leadership Competencies, define how we should interact with each other in the workplace and at all levels of the organization. We strive for a work environment that stresses positive teamwork and collaboration as a way to achieve outstanding results and continuous improvement in all areas of our business activity.

Respecting our people helps the company build a highly skilled and engaged workforce that delivers superior results. The shared benefit is in personal satisfaction and career development for employees and a sustainable competitive advantage for Barrick.

We generally prefer to develop internal talent rather than hire from outside the organization. We have processes and programs to provide on-the-job learning, coaching and mentoring, education and other development opportunities for employees throughout their careers at Barrick. We leverage technology such as webinars and e-learning modules to improve the learning experience and to mitigate the challenges of remote operating environments. We use our talent management process to identify and develop high potential, globally mobile employees, providing them with a variety of assignments to help them advance their careers.

We recognize and reward people for good work and for the contributions they make to the organization. Barrick offers company awards programs to recognize excellence in specific areas that are directly aligned with our priorities. The company offers monetary rewards and career advancement for good performance. Moreover, the company promotes visible felt leadership as a way to provide employees with ongoing feedback, coaching and recognition. We understand that fair and proper recognition drives engagement and strengthens our culture.

Nothing is more important to Barrick than the safety, health and well-being of workers and their families. Barrick makes safety and health the first priority at all its operations. This is a fundamental aspect of our Responsible Mining approach. We understand that a safe team is a highly engaged team.

Due to the geographic and cultural diversity of our workforce, we have developed a blend of global, regional and site-based Human Resources policies and programs. We take a global approach to senior leadership development, performance and talent management. 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. Although our policies do not apply to our long-term contractors, we do review contractor policies for alignment with ours prior to retaining them.

Responsible Person:
Vice President, Human Resources