Ritchie Bros. reviews

3.3

46% would recommend to a friend

(554 total reviews)
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Jim Kessler

66% approve of CEO

44% positive business outlook

Ritchie Bros. has an employee rating of 3.3 out of 5 stars, based on 554 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Ritchie Bros. employee rating is in line with the average (within 1 standard deviation) for employers within the Construction, Repair & Maintenance Services industry (3.7 stars).

Reviews by job title

554 reviews
2.0
May 29, 2019
Recommend
CEO approval
Business Outlook

Pros

Solid operations and sales teams in the field Largest marketing footprint in industry

Cons

C-level management and the new regime mindset of classic retail sales (CEO is former retail guy from OfficeMax) "Leadership" has not taken time or effort to understand fundamentals of the 60+ year business that was pioneered by captains of the industry. Attempting to place all aspects of the company into boxes that can be easily counted and measured. Focus is ENTIRELY on quarterly growth and supporting the dividend payment to shareholder. That IS important, but not as important as those daily customers who look to RB to help solve problems while building and reaffirming relationships that builds long-term success New 'enterprise' level restructuring of sales and operational processes is designed to keep the territory managers engaged with the customer ONLY to make a sale. All other aspects of the deal are now the responsibility of hourly employees and staff that have no connection (or care?) to the customer's needs. Classic retail-level service by a company that used to take immense pride in the relationships it had with customers. The CUSTOMER was most important. Now it's the Shareholder

5.0
Aug 16, 2017

Territory Manager

Recommend
CEO approval
Business Outlook

Pros

Work along side some of the most hard working, self motivated inviduals in the business.

Cons

Unfortunately, the long established employees have moved on as the leadership has no grasp on what made this company the pillar it once was.

2.0
Jul 26, 2016
Recommend
CEO approval
Business Outlook

Pros

Historically the Leader in Heavy Equipment Consignments / Auctions. There are some great folks in local operations that work hard to execute successful auction events. At the time I was employed Territory Managers were viewed as a value add asset. Best business model in the industry for Live/On site Auctions

Cons

When you read the reviews that highlight how bad local / middle sales management is DO NOT discount these statements. When you read how the salaries are well below market values DO NOT discount these statements. When you read that there is a culture that encourages nepotism / favoritism by local sales management DO NOT discount these statements. When you see how many open territory sales manager jobs there are listed at the RBA website and on job boards it is because the current culture and local sales management have driven away talented sales professionals. It is not because they are adding to the existing sales force. The current CEO is applying his retail mentality of making the employees cover more accounts with less resources. The company no longer views the employees as their biggest asset and sets them aside in the interest of shareholder satisfaction.

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Ritchie Bros. Response
9y
Thank you for your passionate concerns, we take your comment very seriously. Listening to our employees and continuously looking for ways to improve is cemented in the foundation of Ritchie Bros’ success. Be assured we’ll take additional actions to investigate. Thank you.
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