Strategic Analysis and Mitigation Strategies to Address The Human Capital Related Business Risk to Teck

Teck Resources, headquartered in Vancouver, is Canada’s largest diversified mining and metals company with operations in North and South America. Teck is actively exploring the globe for new opportunities. This project assesses the human capital challenges facing Teck, and the potential business risk that the shortage of human resources presents. After examining Teck’s demographic profile, growth plans and the global demand for human resources, this paper found that Teck must continue to focus on enhancing all of its human resources programs. The paper also identifies four priority areas for strategic initiatives, and the need for a longer-term human resource strategy, including establishing a globally recognized employment brand and a competitive employment value proposition. Teck must become visibly more attractive than most of its competitors in the areas of attracting, developing and retaining human talent if it is to be successful in the increasingly competitive global mining and energy market.