There are newer employer reviews for Ritchie Bros. Auctioneers

Helpful (5)

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

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. If you're retiring soon, you'd love it!

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

    I worked at Ritchie Bros. Auctioneers

    Positive Outlook
    No opinion of CEO
    Positive Outlook
    No opinion of CEO

    Pros

    Benefits and working environment is top notch. Company also has deep pockets, so expect top quality things. Minimum $500+ task chairs for everyone working a desk job. Experience using expensive software that you likely won't get to use in most private companies. Awesome place if you're a lifer or floater, you'll fit right in.

    Cons

    When you basically run a monopoly and making money is easy, people get complacent. An average day in the office is more about talking to people about your weekend and what you plan on doing in the next weekend. Work is almost secondary. Moving up revolves more around your people skills rather than performance. So pucker up!

  2. Auction sites vs head office

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    -The majority of people are great to work with and you'll come out with new friends
    -Good experience, most of the time
    -A lot of experience to different industries and can learn and grow from it

    Cons

    -Compensation is lower than other industries and you are forced to rely on overtime pay
    -Often work 30 days straight, little time for work and life balance
    -Lack of skills and education by management and poor training and development of their staff
    -Benefits listed by other reviews are only true in head office, they don't exist at auction sites

    Advice to Management

    -Practice what you preach, do what is right, not just say it
    -Remove barriers and problems between head office and the sites

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