What challenges do you think the metals and mining industry will face in the next year?

"Well, I'd say that the political climate could stir things up, and destabilize the industry and world economies, especially in more extreme or populist governments. Outside of that, COVID was something of a game changer in the job market, resulting in the growing preference for remote work. Now, employee retention and attrition are genuine concerns, especially with keeping things moving forward in the workplace. The less staffed a company is, the more stretched thin and burned out the current staff gets, which worsens the problem. It is an interesting time for sure, but that's just life."

As of the writing of this content, the most current industry challenge Teck Resources tackles is employee turnover. "We track employee turnover, including voluntary resignations, involuntary layoffs, and retirements. In 2022, turnover due to retirements was similar, year over year, while voluntary turnover increased, leading to an overall increase in turnover rate. Industry growth and the shift toward flexible work approaches have resulted in a very competitive market for talent. In response to these shifting expectations, Teck has adjusted our approach to compensation, benefits, development and work conditions in order to engage and retain our employees."

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