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 3% over the last 12 months.

How satisfied are employees working at Richemont?

73% 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 3.6 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) , Administrative Assistant (10) , Analyst (10) , Stagiaire (10) , Assistant Manager (9) , Business Analyst (9) , Sales Manager (9)

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

"good benefits and perks with Richemont" ((in 74 reviews)); "Great people and collaborative across all functions." ((in 40 reviews)); "Good salary and absolutely nothing else." ((in 39 reviews)); "Nice colleagues with balanced work and life" ((in 36 reviews)); "Good staff welfare and culture" ((in 32 reviews))

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

"Bad management and hard to move up" ((in 42 reviews)); "no training and you either sink or swim" ((in 10 reviews)); "Career progression not based on merit but rather strategic association." ((in 10 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 10 reviews)); "May or may not get dragged into Office politics" ((in 7 reviews))

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Richemont

Richemont reviews

3.9

73% would recommend to a friend

(728 total reviews)

Nicolas Bos

86% approve of CEO

61% positive business outlook

Ratings by category

3.8

Diversity & inclusion

3.8

Compensation and benefits

3.7

Culture & values

3.6

Work/Life balance

3.6

Career opportunities

3.5

Senior management

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).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

728 reviews

3.0

Jun 24, 2019

Solid workplace but little incentive to stay

Watchmaker

Recommend

CEO approval

Business Outlook

Pros

Facilities generally well equipped. Continued brand training available. Great company to advance into new positions with.

Cons

Recent changes to production calculations are unrealistic in many instances. New bonus structure top levels nearly impossible to obtain. Yearly raises are minimal and do not keep pace with inflation and cost of living increases. Lots of management staff are installed into their positions from Switzerland rather than hired locally, many do not have direct experience doing the actual work they oversee.

1.0

Jul 25, 2016

Worst Experience ever. I don't recommend. This company doesn't even deserve a Star. USER AND ABUSER.

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

There are None. None what's so ever. I can't give you any.

Cons

This company is full of temp employees. And they don't care about their temp employees. Management doesn't listen when us temp employees voice our options about how to work better in the work place they just blow us off. This just isn't a very fun or friendly work environment. I just feel like they are using us as much as they can and don't care if we have families or a life outside work.. And this company is so unorganized it's ridiculous. And the system they are using is so jacked up it makes us hard to do our job.. So I m glad to be gone.. It's really a blessing not to have to deal with a poorly ran company.

2.0

Sep 2, 2021

Up and down

Watchmaker

Recommend

CEO approval

Business Outlook

Pros

Okay benefits, semi-flexible schedule, lots of pto

Cons

A wise man once said to me “isn’t it weird that we loose a lot of watchmakers to Rolex, but we don’t hire anyone from Rolex?” We are working two Saturdays a month, seemingly forever, because Richemont will not admit that starting salary is at least a decade out of touch and nobody wants to work here. It’s insulting that the analyst position starting salary is $10k over the watchmaker salary. Colleges all over the world are cranking out analytics people by the thousands. There’s maybe 100 watchmakers graduating from accredited programs annually. And you have the audacity to wonder why you can’t get quality people to live on the face of the sun?

Viewing 7 - 9 of 728 Reviews

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