Employee Market Premium Review

Dear Manager,

As you are aware in 2011 we implemented a 20% market premium for some categories of employees in your department. We wanted to minimize and/or stabilize the high turnover rate as well as facilitate the attraction of specialized and hard to fill skill sets to your departments. The premium is considered temporary and Newmont reserves the right to review downwards, upwards or discontinue the premium at any time and when market conditions indicate it is no longer required. It is time to review and evaluate the performance of the premium and see what can be done to maximum the intended objectives. This review will also let us know if the intended objectives were met, whether in part or whole. In this regard we are seeking your candid opinion on the performance of the premium. Specifically take a few minutes to let us know your views by responding to the following questions below.

The survey will take about 10mins to complete. Your survey responses will be strictly confidential and your information will be coded and will remain confidential. If you have questions at any time about the survey, you may contact Adams Kasanga on Ext 50037.

Thank you very much for your time and support.

I Agree

How did your employees perceive the premium?

How did the premium affect employee morale and performance in general in your department?

Consider both beneficiaries and non-beneficiaries.

Did the premium help stop, minimize or stabilize turnover in your department?

Did the premium increase the ability to attract and employ new hires in your department?

What changes/modifications will you like to see in the premium plan? For example should the % be reduced, increased or cancelled? If you prefer reduction or increase, what should be the new rate?

Do you have any comments that will give us a better understanding of the performance of the premium in your department?

Additional comments or suggestions: