Recognized as one of BC's Top Employers (2018)
By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Feb 22, 2018)
Here are some of the reasons why Ritchie Bros. Auctioneers (Canada) Ltd. was selected as one of BC's Top Employers (2018):
- Ritchie Bros. Auctioneers encourages employees to recruit their friends with generous new employee referral bonuses, from $1,000 to $5,000 depending on the position
- Ritchie Bros. Auctioneers' head office employees enjoy the convenience of an onsite daycare facility and can balance their work and personal lives through a variety of alternative work options
- Ritchie Bros. Auctioneers seeks employee feedback through regular in-house and outside consultant surveys, annual performance reviews, confidential feedback tools, and exit interviews with departing employees
Dynamic teams drive new vision at Ritchie Bros.
The overarching mission of Ritchie Bros., according to the auction firm's leader, is to establish and enhance meaningful relationships. From a dedication to making a positive difference for customers to taking pride in the company's charitable activities, the cultural value of community is ingrained in every aspect of the organization.
CEO Ravi Saligram arrived in 2014 and immediately went to work integrating the values of diversity and inclusion he says make a company function best. Three women were immediately hired to the executive-committee level and Saligram set a new company goal to have 30 per cent women at director-level and above by 2020.
"You might assume that working in technology at Ritchie Bros. means working in a male-driven industry serving other male-driven industries, like construction, agriculture, manufacturing, etc.," says Sherry McMillan, Lead Systems Analyst. "In reality, women are not only present, here but we're ubiquitous. It's not unusual to be in a meeting and realize everybody in the room is a woman."
Ritchie Bros. -- which has about 600 employees in B.C., some 500 of them in Burnaby -- recently went through a defining cultural change: an acquisition that evolves the company to include more technology with the introduction of IronPlanet. The introduction of new online capabilities, allowing buyers and sellers all over the world access to best-in-class service, makes Ritchie Bros. a pioneer in the industry and adds another point of pride for its employees.
"Transforming organizations goes beyond growing the bottom line," says Saligram. "Fostering a successful business requires a diverse, dynamic team that's fully engaged with the company's mission, vision and values; the only way to succeed is to live the company values each and every day. Our team has exemplified this both internally and externally with care and attention given to every customer for 60 years, and will be around to innovate for another 60 more, and beyond."
The bright, modern building in Burnaby near the Fraser River that serves as the company's headquarters features onsite daycare, a gym and a catered cafeteria. Ritchie Bros. employees take pride in the work they do every day, knowing the company values its own people, the customers they serve and the businesses they support.
"When I come to work, I know I'm making a difference in someone's life," says McMillan. "We might sell equipment that helps a farmer retire well or help an entrepreneur buy the equipment they need to start the business of their dreams."