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

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Great people to work with, love the company.

  • Comp & Benefits
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at Ritchie Bros. Auctioneers

Approves of CEO
Approves of CEO

Pros

Laid back atmosphere, everyone gets along, fun environment.

Cons

Work alot of hours around sales, pay could be better.

Advice to Management

Put yourself in your employees shoes before addressing issues.

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  1. Helpful (1)

    Overall a Good Company that needs to re-focus on their Core Business

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Ritchie Bros. Auctioneers

    Pros

    Very Sales Focused Company. Market Leader in Heavy Equipment Auctions

    Cons

    Inconsistent Sales Management at the Field Level
    Work / Life Balance is not as it is portrayed during hiring interview process.
    Salary for Seasoned Sales Personnel is way under market values
    Bonus Program is very hard to attain. Most TMs did not bonus in 2014!

    Advice to Management

    Less focus on the hot topic of the week and more focus on securing auction consignment business by utilizing the time proven deal structures that brought RBA to where it is. Way too much focus on the CRM (Salesforce) and breaking into new industries (Transportation.....) The bottom line should always be Sales (GAP) at profitable levels and the bonus program should be structured to pay TMs on each deal. RBA gets to post the profits of each sale immediately so why can't the TM be compensated once the assets are sold?

  2. Helpful (3)

    Regional sales manager

    • 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 (More than 8 years)

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

    Pros

    Great coworkers, endless opportunities in the market, decent benifits, company car, other than auction time plenty of free time

    Cons

    Compensation well below market, upper management either legacy guys with out current business understanding or Canadian yes men who don't have abilities to lead or sell. New CEO has driven away all dedicated staff leaving only incompetence. Compensation plan has more deduction from bonus than additions.

    Advice to Management

    Look closely at your self worth, understand and decrease your operation expenses, remember how the company grew then try to replicate. If you can not help, get out of the way.

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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