There are newer employer reviews for Ritchie Bros. Auctioneers
There are newer employer reviews for Ritchie Bros. Auctioneers

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Helpful (5)

A company looking to hire cheap labor.

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

I have been working at Ritchie Bros. Auctioneers

Doesn't Recommend
Approves of CEO
Doesn't Recommend
Approves of CEO

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 Management

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.

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  1. Helpful (5)

    Manager

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

    I worked at Ritchie Bros. Auctioneers full-time

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Some really great people who sincerely want to move the business forward as a team. Many of them are leaving however.

    Cons

    Hidden agendas, political game players, closed door meetings, silos, sporadic communication, insufficient development, low accountability, low transparency, hollow individuals, meaningless performance objectives, unrealistic workloads. I could go on.

    Advice to Management

    COMMUNICATE with your employees in meaningful ways. Look critically at managers with direct reports. Are they developing their team? Is the team functioning well and productive? What is the manager's philosophy about developing others, working as a team, growing the business? Ask questions! With all the resources available at our fingertips today about world class companies - real leadership and management, the competitive advantage of culture, developing people and implementing best practices, it is sad to see that we are moving in the opposite direction of this ideal. Get the right people on the bus and let them lead their teams.


  2. Helpful (5)

    Unethical employment practices

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

    I worked at Ritchie Bros. Auctioneers (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Corporate head office is located in Burnaby, BC and provides on site day care, a gym and free parking. Standard benefits package provided. The company is already successful and established in it's industry and does not need to work hard to be lucrative, it generates revenue year round and year over year consistently.

    Cons

    No pension plan. Non union. No job security. Buddy system and dishonest management supersedes ethical employment practices which in turn creates a toxic work environment to include discrimination, work place bullying and harassment.

    Advice to Management

    Advice to "senior leadership" only: I have no faith in management or the human resources department as I was a hard working and honest individual that was treated poorly, unfairly and eventually ended up sick because of it. It's important to make sure that honest practices are in place and followed, and that dishonest behavior is unacceptable, not the other way around. Don't just put fair rules in the handbook, practice it throughout the company. Listen to two sides of input first, before making decisions based solely on management's input.


There are newer employer reviews for Ritchie Bros. Auctioneers
There are newer employer reviews for Ritchie Bros. Auctioneers

See Most Recent

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