Ritchie Bros. Auctioneers Reviews

Former Employee – worked at Ritchie Bros. Auctioneers full-time

Pros – None, need at least 5 words.

Cons – Compensation, Management, Lazy Co-workers, Managers who don't have college degrees

Advice to Senior Management – Fire the entire management team and start over. The company breeds laziness, supervisors are a joke, training is nonexistent, overweight co-workers everywhere I look, lazy 9-5ers from top to bottom. Complete waste of my time working with an management would doesn't care.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Former Employee – worked at Ritchie Bros. Auctioneers

Pros – RB has the best name in the auction industry.
Exciting auction atmosphere.
Team building when prepping for an auction.
Free Company vehicle with credit card.
Benefits were horrible.

Cons – Ludicrous budget plans pushed on to TM's: you must do "x amount of millions" or you get no bonus. This is insane. I turned a nothing territory into a 2 million plus territory in the 1st 14 months and I received nothing in return. Nothing! In many cases new TM's are taking over sales area's that have never been called on by RB and your expected to make miracles happen or else you are ridiculed and again...no raise and surely no bonuses.

Never and I mean never obtain your job through "networking" i.e come in through the back door. This only leads to resentment by your DM because he is mad because he didn't make the hire.

Last, but not least: the travel requirement. When I was hired I was told the travel requirement in my territory was 2-3 days and during auction times more. This was fine with me as I could handle a lot of my territory from my home. Over time, this "policy" changed. My DM wanted me to travel 5 days a week.....not what I was hired to do. My numbers were fine. New consignors all over the place and success stories everywhere, but he wanted me gone wasting company money, sitting in useless hotels for nothing.

In a nutshell, he never wanted me and couldn't wait to see me gone.....Oh and guess what??? Since I have left (3) very interesting things have happened: (1) DM demoted. (2) Ops Manager demoted. (3) Magically they never backfilled my territory......If you wanted to downsize why didn't you just say it??? Why put people through such misery????

Future employees beware.

Advice to Senior Management – Look very hard at who you make DM's.
Completely overhaul compensation plan--pay your TM's by the deal instead of on a "bonus plan" and you will see results improve.
Again, look very hard at who you make DM's---just because someone is buddies with a VP doesn't make him management material.

No, I would not recommend this company to a friend