Ritchie Bros. Auctioneers Reviews

Updated May 26, 2015
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2.5
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Recommend to a friend
Approve of CEO
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Ravi Saligram
6 Ratings

Pros
  • There are some great people that work for The company (in 6 reviews)

  • It's not your typical office job; we conduct auctions and for those lucky enough to attend them it is exciting (in 4 reviews)

Cons
  • Some challenges could be work/life balance, but I have found over the years that YOU are in control of your decisions (in 4 reviews)

  • Ritchie Bros is run by a bunch of old boys who have no business acumen (in 3 reviews)

More Pros and Cons

55 Employee Reviews

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  1. Helpful (2)

    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 (1)

    Former employee

    • 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

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

    Pros

    Many of the employee's in the day to day operations are some of the best and hard working people you will ever meet. All are overworked and under paid.

    Cons

    Ritchie has one of the poorest management groups in place now that it has ever had, all left over from the former CEO.


  3. Helpful (4)

    Regional sales 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 (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.


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  5. Great international company, bad local management

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

    I worked at Ritchie Bros. Auctioneers full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Learned a lot, met some great people. The company as a whole has great benefits and great standards.

    Cons

    The local office in Lincoln, NE is not well managed. The managers are more concerned with egos than with doing what is right for the company. They manage to twist well-meaning policies in a way that holds back the employees. There is very little room to grow within the organization. Raises are lousy and quality of life stinks. Managers treat employees more like children. Initially, the staff was fantastic, but the company ran most of the people off because they seemed to be more interested in hiring less-qualified people and churning through them in order to keep costs down. It's downright exhausting!

    Advice to Management

    Treat the local employees like they matter. I think they forget that there are some great employees that really do 'bleed orange' but they aren't appreciated or rewarded for their efforts.


  6. Meth Heads and Alcoholics

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

    I have been working at Ritchie Bros. Auctioneers

    Pros

    a lot of overtime so no need to get another job

    Cons

    Seriously, all they look for is passion to work there. So, your ex-cons and meth heads actually move up here. They show the most desire to work(because they can't anywhere else) so there are people managing others who are drug addicts. At a corporation, is what blew my mind.

    Advice to Management

    DRUG TEST!


  7. Decent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Yard Worker in Morris, IL
    Former Employee - Yard Worker in Morris, IL

    I worked at Ritchie Bros. Auctioneers part-time (Less than a year)

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

    Pros

    Open Work Environment, Busy day

    Cons

    All older people working there

    Advice to Management

    Bring youth into the coompany to attract new employees


  8. Helpful (1)

    Management

    • 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

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

    Pros

    Great people to work with. Money was ok.

    Cons

    Work Life balance was zero. We lost over 5 employees in one year to this


  9. Helpful (3)

    Not worth the stress!

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

    I have been working at Ritchie Bros. Auctioneers full-time (More than a year)

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

    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 Management

    Value your employees.


  10. Solid company, local management issues

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

    I worked at Ritchie Bros. Auctioneers full-time (More than 8 years)

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

    Pros

    Solid company, good benefits, many opportunities

    Cons

    While corporate management is sound, mid-level/local management tends to have issues

    Advice to Management

    Train you local/mid-level managers in how to manage. Don't be afraid of them.


  11. Helpful (2)

    Great Place to work with the right people

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

    I have been working at Ritchie Bros. Auctioneers full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Flexible schedule in between auctions, great benefits, fun atmosphere, decent pay, great people at our site, travel to fun places, get to meet lots of interesting people, people in the HR department are awesome!

    Cons

    seldom get raises, some people don't pull their own weight, feel like individuals are not taken into account, just numbers, sometimes travel is just too much

    Advice to Management

    Make employees feel more valued. Pay attention to who is actually doing work and who is just a butt kisser.



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