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Podcast

Mining in 10 minutes – Ep. 5: Addressing people risk and the talent gap

Episode 5 of ‘Mining in 10’ – Raul Munoz and expert guest Jennifer Schmidt discuss an aging and retiring workforce, and how to attract talent through development and community engagement.

An organization’s greatest asset is its people. However, without effective processes in place to attract, train, develop, and retain mining talent, the safety and success of individuals and your broader organization is at stake. According to the Society for Mining, Metallurgy & Exploration, more than half of the mining workforce in the US — about 221,000 workers — is expected to retire by 2029. Canada has seen a significant decline in workers under 25 years old combined with an uptick in workers over 55 years old. This is only intensifying the impending talent gap and skills shortage.

In our third episode of ‘Mining in 10’, a 5-part webinar series where we explore top mining risks and pathways to building resilience, Raul Munoz, Mining and Minerals Leader for North America, chats with subject matter expert Jennifer Schmitd, partner in Marsh Health and Benefits. 

Together they give context to the implications of an aging workforce and declining interest in specialization among the next generation and provide practical ways to reimagine your workforce and relationship with the local community. 

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Key takeaways

There is a wave of experienced mining professionals retiring

According to the Society for Mining, Metallurgy & Exploration, more than half of the mining workforce in the US — about 221,000 workers — is expected to retire by 2029.

Gen Z is not coming to mining, so mining must come to Gen Z

Young Canadians aren’t as interested in entering the mining workforce – with only 34% of Gen z even open to working in the mining sector. This is often due to perceived safety, perceived difficulty, and isolation from urban areas. This makes recruitment and talent development programs essential to long-term success.

Continued investment in community success should be a priority

Earning your social license to operate in a community is essential for long-term success, and provides underrepresented groups an opportunity for skills development.

RESILIENCE: THE NEW CURRENCY OF MINING LEADERSHIP

Access strategies to secure a stronger, more sustainable future for your organization.

About our speakers

Raul Munoz

North American Mining & Metals Leader

  • Canada

Raul Munoz leads Marsh’s Mining & Natural Resources practice across the United States and Canada, overseeing strategy, client engagement, and industry development for one of the firm’s most important global sectors. He advises mining companies, project developers, investors, and lenders on managing risk throughout the mining lifecycle, from exploration and project development to construction, operations, and closure.

Jennifer Schmidt

Health & Benefits Partner

  • Canada

Jennifer Schmidt is a Partner for Mercer Marsh BenefitsTM Canada. She leads research into the emerging benefits value proposition for employers, employees and their families. With over 20 years of experience in the benefits industry, she consults on a wide range of employee benefits issues specializing in strategy, design, pricing and implementation of benefits plans.

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