Does Richemont pay their employees well?

According to anonymously submitted Glassdoor reviews, Richemont employees rate their compensation and benefits as 3.8 out of 5. Find out more about salaries and benefits at Richemont. This rating has decreased by 6% over the last 12 months.

How satisfied are employees working at Richemont?

71% of Richemont employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Richemont 3.6 out of 5 for work life balance, 3.7 for culture and values and 3.5 for career opportunities.

What are the top reviewed jobs at Richemont?

Intern (36) , Brand Ambassador (28) , Project Manager (25) , Manager (23) , Watchmaker (22) , Internship (18) , Sales Associate (15) , Chef De Projet (13) , Marketing (12) , Stagiaire (11) , Administrative Assistant (10) , Analyst (10) , Assistant Manager (9) , Business Analyst (9) , Financial Controller (8)

What are the pros of working at Richemont according to real employee reviews?

"good benefits and perks with Richemont" ((in 75 reviews)); "Great people and collaborative across all functions." ((in 42 reviews)); "Nice colleagues with balanced work and life" ((in 36 reviews)); "Good staff welfare and culture" ((in 32 reviews)); "good work/life balance and nothing" ((in 25 reviews))

What are the cons of working at Richemont according to real employee reviews?

"Bad management and hard to move up" ((in 46 reviews)); "low salary and little bit of tense atmosphere" ((in 42 reviews)); "no training and you either sink or swim" ((in 12 reviews)); "Career progression not based on merit but rather strategic association." ((in 11 reviews)); "My honest review is that this company has potential in the middle east but is ruined by the racist and cold approach all the top managers and directors have towards new hires, asians, and middle easterns." ((in 9 reviews))

What are the top reviewed Richemont locations?

New York , Fort Worth , Grand Prairie , Dallas , Shelton , Miami , Houston , Chicago , Agana Heights , Austin , Grapevine , Irving , McKinney , Los Angeles , Fremont , San Ramon , Las Vegas , Lafayette , Portland , Boca Raton , Coral Gables , Pensacola , Florida Ridge , Switzerland , Dallas-Fort Worth , Midtown New York

Richemont reviews

3.8

71% would recommend to a friend

(730 total reviews)

Nicolas Bos

83% approve of CEO

61% positive business outlook

Ratings by category

3.8

Compensation and benefits

3.7

Culture & values

3.7

Diversity & inclusion

3.6

Work/Life balance

3.5

Career opportunities

3.4

Senior management

Richemont has an employee rating of 3.8 out of 5 stars, based on 730 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Richemont employee rating is in line with the average (within 1 standard deviation) for employers within the Retail & Wholesale industry (3.4 stars).

Ratings by demographic groups

Race / Ethnicity

Gender

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Disability

Parent or family caregiver

Veteran status

Reviews by job title

730 reviews

3.0

Mar 12, 2024

The toxic leaders

Director

Recommend

CEO approval

Business Outlook

Pros

Overall a true multinational with some very good leaders globally

Cons

Beware of the toxic triad of the 3 leaders running the subsidiary in the UAE for the region. They have been getting away with so much unethical and uncompliant actions for years now. The undercutting actions and the unethical decisions they make together. They are not walking the walk and living the Richemont values Playing favourites - those get away with bigger salary increases, and expense perks If you're not a favourite - watch out and watch your back Manipulation and deceit at its best Richemont Group Regions CEO - doesn't live up to what she preaches nor actions. Toxic traits breeding into toxicity in the teams below.

1.0

Feb 7, 2023

Best avoided

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Decent pension and holiday scheme

Cons

HR hides behind their computers focusing on staff sales and don't follow up on reported health concerns of colleagues. Terse, unhelpful responses if you contact wrong HR person with queries, deeply unpleasant. Dept. heads had to repeatedly ask for HR engagement with staff (Town Hall) during pandemic. Stagnant pay, 2% increase based on excellent appraisals and increased work was dire before Covid pandemic and inflation crisis. Flexible working revoked on grounds that it looks bad if employee leaves 30 minutes earlier, apparently it doesn't look bad if you work 10-12 hours regularly and work late nights. Acas cannot understand this reasoning either. High turnover of IT staff, they complain regularly to colleagues outside IT about workload. To much focus on Swiss head office, other locations treated as an afterthought.

1.0

Aug 19, 2022

Time is precious and life is short

Cloud engineer

Recommend

CEO approval

Business Outlook

Pros

-Bonus -13th salary -nothing at all

Cons

1/-Very bad management/ vertical 2/-RH are missing 3/-Sharks communication between team 4/-Talented people left the company/ forced to be fired Don’t recommend at all this company ans don’t waste your time to applied.

Richemont Response

3y

Thank you for your feedback! We really appreciate you taking the time to do so. We are sorry to hear that you felt your experience with our management was not up to your expectations. Our aim is to build strong, people-centric leaders that develop their teams. That’s why we embrace a culture of regular feedback and people development.

Viewing 217 - 219 of 730 Reviews

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The toxic leaders

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Time is precious and life is short

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