According to S&P Global Ratings Industry Top Trends 2021: Metals and Mining report, the pandemic had a significant impact on industrial activity, global steel markets, and downstream producers in 2020. Although the world is still emerging from the pandemic, and far from resuming full-blown industrial production, a vastly improving outlook for most metals is expected going into 2021.
Now looking to the future, Mining corporations are continuing to operate under pressure to control costs and improve efficiency, whilst simultaneously becoming more responsive to environmental and political conditions. With the accelerating pace of change in the sector, central talent management themes have emerged including:
Increasing women and minority representation
Strengthening transformational leadership capabilities
Workforce & Succession Planning
- Redefining the Employee Value Proposition (EVP)
With these priorities, mining organisations need big ideas and innovative partnerships. Accessing talent that is highly commercial, agile and can lead innovation is critical to future performance. Often, this talent is found outside of the mining sector and therefore, businesses need to understand where the most aligned talent exists and how best to access it.