Richemont reviews

3.9

73% would recommend to a friend

(728 total reviews)
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Nicolas Bos

86% approve of CEO

61% positive business outlook

Richemont has an employee rating of 3.9 out of 5 stars, based on 728 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 Ventas al mayoreo y al menudeo industry (3.5 stars).

Reviews by job title

728 reviews
2.0
May 10, 2016

Consider Yourself Warned

Recommend
CEO approval
Business Outlook

Pros

That after working here for several years, I’ve been given a very thorough course in “How not to run a business.” Compared to working in a cesspool like this, being treated with respect truly is a luxury and something I will be sure not to take for granted in the future.

Cons

Too many to list. With a couple of exceptions, corruption, bigotry and homophobia run rampant in management. HR has a sordid history of being romantically intimate with our executives, so there’s absolutely no objectivity in fair decision making. Employees are treated like garbage with no consideration given to their personal lives or their families. Be prepared to sign away your evenings, weekends, holidays and social life, all in the name of the “business needs.” Everyone in the DC is forced to march to the beat of a tiny tyrant with a Napoleon complex. Managerial and supervisory opportunities are filled by personal friends of upper management, regardless of qualifications, so virtually no room for advancement. Disgruntled employees openly defecate on the bathroom floors. And when temp workers, who are brought in by the dozens, care nothing about their own appearance? Solution: Mandate uniforms for all! Gee, it worked for Auschwitz, after all....

1.0
Jul 18, 2019

Morale is at an all time low.

Recommend
CEO approval
Business Outlook

Pros

Benefits, good holiday parties, some free swag.

Cons

I've been working here for over 10 years and this is the worst it's ever been. I started working a low level job and have worked my way up through the years. The ability to prove myself and move up has always motivated me. There have been some times that were not so great, but this is the worst I've ever seen. Morale is at an all time low and people are leaving in droves. I used to look forward to going to work, but now I feel down when I walk in the building. It's because you are constantly told you're not good enough and there's always a feeling that you might lose your job soon. We are held to almost unobtainable standards can't be met unless you cut corners and sacrifice quality. Production is the number one goal and that's it, but yet they preach quality is. They took away valuable tools from the watchmakers and yet want us to do more or "figure it out". For a "luxury" company, it's hard to even get basic or proper tools to do the job. Management doesn't care about the employees. People have been told to suck it up and deal with it when it comes to internal conflict. They don't listen to employees on how to be more efficient if it doesn't "look good or uniform". They care more about looking good for yours that come through than being a highly functional workshop. Good watchmakers and supervisors are treated as expendable. The current management is driving the service center into the ground and they are either oblivious or don't care. Over the years, it seems as though management comes here from Europe to boost their careers and then get out. These are good people with families who work here. Management needs to take a step back and realize that happy employees work better. This is a prime example of driving you with the stick instead of leading you with the carrot. I would not recommend anyone come work here unless it's a last resort.

2.0
Jul 9, 2019
Recommend
CEO approval
Business Outlook

Pros

+ coworkers are EXCELLENT! They’re skilled workers as well as being fun to work with. + I enjoy repairing watches and get to spend most of my time at Richemont repairing them. + free coffee + frequent free snacks/free Jason’s Deli or Le Madeleine left-overs + great selection of snacks in employee market. + Once, Richemont paid for an employee-selected team-building exercise which was actually really fun. + kind security guards + fair benefits

Cons

+ Supervisors demonstrate lack of trust in employees – basic office supplies are locked in a closet that is only open for a 30 minute window; when performing a basic repair (especially if it involves a jewel-pushing tool), a supervisor might hover over your shoulder and ask for an explanation. The general assumption is the watchmaker should not have to perform any actual repairs during the repair process. The watch is there only for cleaning, fresh lubrication, and replacement of parts. If one watchmaker goes to another watchmaker for help, this is assumed to be non-work-related “chit chat,” and employees may be lectured on how they’re not supposed to be talking in the workshop. Occasionally, when one watchmaker makes a mistake, the team must endure a lecture on how to do a simple procedure (like removing or putting on hands). Employees are required to place parts on a template and tools in specific locations and to work in a specified order of operations regardless of how many years the watchmaker has been in the profession, how good their quality is, or how quickly they work. + Procedures change often, without advanced notice, usually to something a little more confusing than the procedure in place before it, with poor explanation as to why the procedures were changed. New hires are expected to know the procedures already or to know to ask for them. It’s a constant feeling of being thrown in the deep-end of a pool. + Tool requests are often denied. When tool requests aren’t denied, they can take an inordinate amount of time to arrive (frequently months). When tools do arrive, it’s often a free-for-all grab game for whoever gets the package of tools first (usually, tools don’t make it to the person who ordered them). The results of the grab game vary. In addition, the communication regarding tools is usually in group meetings where something is said along the lines of “I put in the order. I still haven’t heard when the tool will come in.” + Employees aren’t sure when they’ll see a supervisor, which is how they obtain their work. + When remediating a watchmaker who isn’t meeting production goals, the watchmaker is not given further training or productivity tips, but told to work faster. If they aren’t showing enough improvement, they may be placed in a brand where they will only perform movement exchanges. + Mistakes made my other departments often cause headaches at the end of the repair. The case preparation department frequently leaves excess epoxy around crown tubes or pusher sleeves which watchmakers must then remove themselves or take the case back to case preparation. Polishing may also make a mistake which the watchmaker has to rectify themselves or send back. The watchmaker must look carefully at everything before proceeding with the repair because if case preparation or polishing made a mistake and the watchmaker sends the watch to quality control without fixing the mistake, the watchmaker is penalized, not the individual who made the mistake. + There’s often a queue to use cleaning machines. Most employees are still waiting on proper cleaning baskets for new cleaning machines which were put in months ago. + Quality Control frequently uses high magnification to check work even though specifications say to check the watch without magnification. + Watchmakers are asked to work on pieces above their training level without compensation for that work. It can be difficult to land a spot in the trainings needed to advance levels. + Personal items are limited to one per bench. + All-hands meetings have little application to employees. The meetings are typically long. There isn’t enough seating for employees. Frequently, there are technological problems with the video feed. + Sometimes supervisors request re-use of non-consumable watch parts (i.e. main plates, hands) that are in poor condition. + Sometimes supervisors request watchmakers turn in a watch with a known problem because of a perceived likelihood the client won’t see the problem rather than fix it. + There’s no transparency with how production numbers are calculated. Almost every time employees are given production numbers, the numbers are prefaced with “these aren’t accurate.” + In some brands, if one gasket is ordered, the order is filled with 10. The 9 that aren’t used get thrown away. + Supervisors require overtime and work on Saturdays if we get too far behind. It may be specified how you are to use time off. For example, we were required to use a vacation or personal day for July 5 and December 31 this year.

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