Ricardo Employee Reviews about "pay rise"

Updated 3 Feb 2018

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4.0
80%
Recommend to a Friend
74%
Approve of CEO
Ricardo CEO and Managing Director, International Dave Shemmans
Dave Shemmans
139 Ratings
Pros
Cons
  • "Only the senior management get bonuses despite the work being done by the far superior skilled and experienced lower graded and lower paid workers(in 20 reviews)

  • "Pay - no bonus, insulting (or cancelled) pay rise(in 11 reviews)

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Reviews about "pay rise"

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  1. Helpful (2)

    "Great company with an unrivaled track record but limited opportunities to develop career"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Principal Consultant in London, England
    Recommends
    Positive Outlook
    No Opinion of CEO

    I have been working at Ricardo full-time for more than 3 years

    Pros

    Very strong track record Great people Good work-life balance Flexibility

    Cons

    People management is rather poor Pay rise not linked to performance

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  2. Helpful (10)

    "Good people, poorly managed"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Engineer in Warwick, West Midlands, England
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at Ricardo full-time for more than 5 years

    Pros

    -Wide variety of projects. You'll learn alot in a short period of time, if you're willing to put in the work. -Excellent co-workers. You'll be surrounded by experienced people, willing to share their knowledge and go the extra mile on any project. -Recognised company. Looks good on your CV. Kick-start your carreer straight out of university.

    Cons

    -In general, Ricardo will want you to go the extra mile, but won't give you an extra inch. -Large differences in working environment between sites, even in the UK. -HR is currently requesting engaged individuals to post positive reviews on this website, whilst making only shallow attempts at addressing the issues highlighted in the bad reviews. -Shortsighted management, focussing on value to shareholder on a year-to-year basis only. At the end of every financial year, we're pushed to build a pile, leaving us with a hole to fill at the start of the next year. -Staff turn-over is very high. Office becomes a wasteland when projects run dry for a few months. This has lead to a loss in engineering capabilities on a few occasions. -Presents itself as "industry-leading", but internal research never gets the additional funding it needs, and in general is seen as "non-chargeable". -Office space needs refurbishing. Hygiene in kitchen and restroom areas is abysmal. -Salary is not low but, considering the competition in the local area (JLR) and local cost of living, has room for improvement. Pay rises over the standard yearly amount are difficult to get, there are no bonuses (at least, they never get paid out), and some of the company "perks" will actually cost you more money than if you'd shop around for equivalent deals.

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  3. Helpful (14)

    "Engineers doing a great job in spite of Snr Management trying to stop us"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Project Engineer in Shoreham, England
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Ricardo full-time for more than 8 years

    Pros

    Project work is varied, always something new to learn Colleagues are great people and are always helpful, right up to middle level management. Apart from the board, I've never met anyone at work who wasn't polite and approachable. Flexibility - working hours, leave and easy to transfer internally to new areas Good work life balance Still have a decent engineering reputation within the UK so looks good on CV - wont be short of people head hunting you

    Cons

    Senior management lack any clear vision/ direction Redundancy is only ever 'just around the corner' = lots of people keep CV's up to date and move on Pay - no bonus, insulting (or cancelled) pay rise. Best way to get a raise is to hand in notice or leave and return when Ricardo are desperate. I know many people the grade below me that are recently recruited and earn a lot more - loyalty is not rewarded at all.

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    Ricardo Response

    March 1, 2018Human Resources

    Thank you for your loyalty over the 8 years you have worked for Ricardo and for your positive comments, we are pleased to hear that flexibility is regarded as a positive for you. Salaries at Ricardo are benchmarked appropriately within the external market. In addition to benefits and pay, to assist in achieving work life balance, Ricardo operates a 'Flexi Time' hours system. This gives staff flexibility around their start and end times as well as allowing them to accrue additional hours towards time off. This has always been popular amongst staff. Thank you for raising your concerns about style of senior management. It is understandable that with some decisions, employees may not agree with the company’s choices. However, these are made in the best interest of our goals as a company. We encourage you speak to your local works council representative, manager or HR team if you have any further concerns.

  4. Helpful (13)

    "Rapidly decaying engineering excellence"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Engineer in Cambridge, England
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at Ricardo full-time for more than 5 years

    Pros

    Very knowledgeable colleagues, flexible working hours, wide variety of different project work available if you're willing to be flexible and explore areas outside of your area of expertise.

    Cons

    Company operates on a Mass-recruitment/mass-redundancy boom/bust cycle with a period of about 18 months. Management are unable to tolerate short term losses leading to severe cost cutting whenever the work occasionally dries up. This causes key talent to be forced out/jump ship and there's never enough momentum to build up departmental teams. Support functions (project management, HR and finance etc) basically run the show. Most engineers feel undervalued, especially when HR employees progress up the paygrades while engineers are being laid off. Annual pay rises rarely linked to performance. Only way to make significant (inflation beating) progress is to threaten to leave. Poor company-wide document management systems. Most employees don't understand version control or common sense aspects of collaborative working - this is a HUGE inefficiency.

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  5. Helpful (7)

    "Overworked, underpaid"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst Consultant in London, England
    Doesn't Recommend
    Positive Outlook
    No Opinion of CEO

    I worked at Ricardo full-time for more than a year

    Pros

    - Collegue Spotlight Award: promotes the sharing of positive feedback amongst collegues and recognition of achievements - Excellent team morale, good people, excellent technical expertise - Regular social events and fantastic working environment - Supportive managers and professional review process is useful for career development and recognising achievements (in writing only) - Flexible on home working (has to be agreed at start of contract) - Investment in employee training - Company values are generally followed by everyone - Reasonable benefits package - Graduate development programme - training resources and away days

    Cons

    - Recent acquisitions have led to an overhaul of processes and led to problems with management direction. Generally getting better but room for improvement. - Opportunities for promotion are limited are is one of the main reasons junior staff leave - Generally well accepted at all levels that staff work overtime. Overtime is not paid. Normal working hours can be up to 55 hrs per week compared to contracted 37.5 hrs. - High turnover of staff - Over-reliant on 'interns' who are effectively covering the role of Analyst Consultants. Analyst Consultants are expected to project manage and offer bid support and effectively have the responsibilities of a Consultant but not reflected in salary. - Salaries at all levels (Analyst - Principal) are generally lower than larger consultancies. - Bonuses only for Principal Consultants and above - Achievements recognised during the professional review process are not well translated into pay rises and promotions. There is a disconnect between the pay review and PDR processes. - Junior staff often feel unsupported and directionless in their careers once they complete the Graduate Development Programme.

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  6. Helpful (2)

    "Engine Builder."

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Production Team Member in Shoreham-by-Sea, England
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Ricardo

    Pros

    Two of the managers do not work for Ricardo so things can only get better. The shop for staff as always keep each other going but the first bunch that build the project from three engines a day were so hard working, we had a lot of fun despite the poor support.

    Cons

    They made people redundant on a production slow down which only lasted 3 months and was planned in the build numbers in advance. The redundancy was used to sack stronger willed staff like the ones that stood up to management by refusing to work 10 mins unpaid for the start of shift meeting. Good performing staff got the same pay rise as bad performing staff. Experienced staff were on less money than long term agency new starter staff they were training. Tooling oh my god for four plus years I asked for off line repair tool kits they arrived when the warehouse was completed four nearly five years into the project. If they had spent the the MDs fifthteen thousand pounds pay rise he got the first year of production on tooling the amount of time saved would have save them double the money over time.

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  7. Helpful (6)

    "Company being run for the benefit of a few"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Brighton, England
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at Ricardo full-time for more than 5 years

    Pros

    Great reputation on the outside, majority of people want to do what is best for Ricardo. Some good projects won by middle management DESPITE poor senior management

    Cons

    Company too focused on Ricardo Group high level management directors and their huge bonuses. Management structure is far to top heavy, with one rule for a few and other rules for the majority....they used to preach "one Ricardo", which is ironic really when senior management get big pay / pay rise / benefits and bonuses (just check the annual reports) when average remuneration for the staff over many years was frankly terrible

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  8. Helpful (7)

    "Good reputation but urgently needs reward its employees to stop more staff leaving. Potential after takeover by Ricardo."

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Consultant 
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I have been working at Ricardo full-time for more than 3 years

    Pros

    - Excellent reputation in UK public sector - Work on reasonably high profile projects - Good central London location - Friendly and experienced staff - Good stepping stone for future career, employees often leave for higher paid jobs

    Cons

    - Very poor pay considering staff experience, low bonus and unreasonable pay rises. Little sign of improvements in compensation. - Most talented staff leave. High turnover damages morale. - HR reluctant to support career development of employees and little opportunity for promotion. Hardworking employees held back by frustrating lack of investment in training. - Projects are poorly managed and expected to work overtime. Little recognition for hard work. - Work is constrained by unrealistic deadlines, budgets and sales targets. - Employees are encouraged to work efficiently rather than deliver quality.

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  9. Helpful (15)

    "Interesting varied work in most engineering forms but higher management just interested in making maximum profit."

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Project Engineer in Leamington, England
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Ricardo full-time for more than 8 years

    Pros

    Interesting work and lots of it. Customers all around the world and many centres of excellence set up to support them. Travel if you want it (and also if you don't). You may never do the same thing twice. You can be supported to move from site to site if commitments change.

    Cons

    Pay scale is deeply secret, apart from CEO who gets a silly amount. For general staff the only way to get a pay rise appears to be to resign. Leadership at all levels seems to have no understanding of what motivates people, but that is probally secondary as all they appear to want to do is please shareholders. Leadership also swaps between the next greatest thing and then the next at a momments notice, so older departments are left without support. You will probally not get a grade rise without a long term foreign posting first. The first tool of company policy in any downturn is to reduce headcount by any means possible. This normaly happens every couple of years.

  10. Helpful (2)

    "OK"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend

    I have been working at Ricardo full-time

    Pros

    Interesting projects - but too heavy workload

    Cons

    Pay rise too low and no chances of growth

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