Ritchie Bros. Auctioneers

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Ritchie Bros. Auctioneers Reviews

Updated July 29, 2014
Updated July 29, 2014
40 Reviews

2.8
40 Reviews
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Recommend to a friend
Approve of CEO
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Ravi Saligram
2 Ratings

8 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    Not worth the stress!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous  in  Lincoln, NE
    Current Employee - Anonymous in Lincoln, NE

    I have been working at Ritchie Bros. Auctioneers full-time for more than a year

    Pros

    There are some great people that work for The company.

    Cons

    With being A world wide multi-million dollar company, the benefits aren't that great. Your opinion does not matter in the U.S. Head Office. The Managers don't get a long. They do not work with parents/single parents well and do not understand the needs of a parent of a child who has a disability. Salary for such a large company is very low. Head Office can't keep new employees very long. If you're not in Sales you're over looked. Sales gets bonuses 3 times a year, everyone else gets a "Turkey Bonus" of $100, after tax its less than $90.

    Advice to ManagementAdvice

    Value your employees.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. 5 people found this helpful  

    A company looking to hire cheap labor.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Lincoln, NE
    Current Employee - Anonymous Employee in Lincoln, NE

    I have been working at Ritchie Bros. Auctioneers

    Pros

    The company offers outstanding healthcare, comparable to that of Canadian healthcare. The office is located in a beautiful building with comfortable offices and offers a great work/life balance attitude.

    Cons

    The company's salaries are far below market standard. They value their healthcare packages at over $10K and therefore reduce your salary by such. As the world's largest auction company with sales in the billions, employee bonuses are less that 100 dollars per year. No possibility for job growth, less than 6 managers within corporate for the entire United States division.

    Advice to ManagementAdvice

    For a company to grow in the right direction it must be lead by people who are passionate about their work, people who are skilled in recognizing inefficiencies and eager to develop upon that. For far too long Ritchie Bros as worked to obtain "cheap labor," this attitude has lead to much of the demise that the company currently sits. For an international, publicly traded incorporation to hire applicants with only a GED or associates degree to foster operations in the billions displays an obvious disregard for growth in the "right direction." It's no wonder employee turnover is so high, why over 80% of employees are over 30, and why hired college graduates only stay [on average] less than two years.

    Reconsider the type of employee that you're looking to attract, and then build your human resources and benefits policies around that desired individual. Great companies not only have employees work for them but work for their employees as well.

    Doesn't Recommend
    Approves of CEO
  3. 2 people found this helpful  

    Some of the staff are great, but the over moral. is terrible

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT  in  Vancouver, BC (Canada)
    Former Employee - IT in Vancouver, BC (Canada)

    I worked at Ritchie Bros. Auctioneers full-time for more than 5 years

    Pros

    If your connected or in with the right crowd your set. But everyone else is expendable.

    Cons

    Unrealistic expectations and time lines. It's really still and old boys network.

    Advice to ManagementAdvice

    Time to purge the IT Management, All the really long term employee's are out of ideas and cling to the old ways.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 3 people found this helpful  

    I wouldn't recommend people coming to work here.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Ritchie Bros. Auctioneers full-time for more than 3 years

    Pros

    Nice spacious building, lots of parking space.

    Cons

    Below average salary. Office culture gets toxic real fast - everybody is very defensive and any time a big problem comes up, there's a lot of pointing fingers.

    Advice to ManagementAdvice

    If you really want to move forward with the company, continue to grow and upgrade all the old systems, then get rid of the employees who have been here for a long time. They are not helping with business growth if they're constantly resisting technological change and sticking with the old, safe procedures.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Bad salaries, advances only for those who play the game.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Burnaby, BC (Canada)
    Former Employee - Anonymous Employee in Burnaby, BC (Canada)

    I worked at Ritchie Bros. Auctioneers full-time for more than 3 years

    Pros

    Free parking, some people were nice.

    Cons

    Salaries way below market value. Worked with people who were bullies. Anyone who doesn't "drink the orange kool-aid" deemed not a team player and treated like an outcast. Very highschool-like environment. Being harassed once a week to purchase 50/50 tickets for random charities got old real fast. Long-term temps treated like second-class citizens.

    Advice to ManagementAdvice

    Pay people properly. Stop rewarding those who don't deserve it. Stop ramming the company culture down people's throats like a cult.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Stagnant and fragmented

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Vancouver, BC (Canada)
    Current Employee - Anonymous Employee in Vancouver, BC (Canada)

    I have been working at Ritchie Bros. Auctioneers full-time for more than 5 years

    Pros

    Casual Fridays. Some really great people.

    Cons

    Poor salaries, lack of innovation, no real insight into employee issues, lack of growth opportunities, and key leaders without the vision or skills to guide the company or manage people.

    Advice to ManagementAdvice

    Learn to recognize the flaws within the company. Replace antiquated people in key roles. Empower and support the people who try to help the company move forward.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8. 3 people found this helpful  

    OK

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Ritchie Bros. Auctioneers full-time

    Pros

    Nice work environment. Daycare. Cafeteria. Stable.

    Cons

    Lack of career progression. No one cares. Favouritism prevalent.

    Advice to ManagementAdvice

    Too much to change. Going after blue people is diversifying resources too much.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 2 people found this helpful  

    They are a mutli billion dollar company that's corporate headquarters is run like mom & pop shop.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ritchie Bros. Auctioneers

    Pros

    Senior management are excellent at communicating to their employees on all things Ritchie Bros. They also really believe they are doing well by their employees and seem to geniunely care about them as people.

    Cons

    The biggest frustration working at corporate headquarters is the lack of business accumen by many staff and lack of management's knowledge of best practices in business. To top it off, they seem very unwilling to call in expertise from the marketplace to help with this. Overall, this makes it a very challenging place to work because I know how much better it could run but am powerless in my position to make serious change.

    Advice to ManagementAdvice

    You are a great bunch of guys but seriously, there are some areas need a major rehaul to be brought into the 21st century. It ain't 1960 anymore.

    Disapproves of CEO

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