Compensation Challenges for Natural Resource Companies

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Compensation Challenges for Natural Resource Companies

People and Culture

Author: Christina Medland, Tom McNeill

$195.00

Natural resource companies, particularly those in mining and oil and gas, face unique challenges in attracting, retaining, and motivating the key talent they need to be successful. There are two major reasons: share value is strongly influenced by macroeconomic factors, especially commodity price; and these capital-intensive businesses require substantial, long-term investment before they generate returns for shareholders. Compensation Challenges for Natural Resource Companies discusses the industry-specific challenges of retention, pay for performance, and long-term focus. The briefing proposes possible approaches for addressing each of these challenges.

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This briefing discusses three key challenges—retention, pay for performance, and long-term focus—that natural resource companies face in recruiting, retaining, and motivating talent. It offers some possible approaches for addressing these challenges.

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