Black Employees at Peloton Are Hammering the Company With Questions About Being Paid Less

Black employees at Peloton began sharing their salary histories due to concerns about pay disparities. In 2021, Peloton’s CEO earned $17.8 million, while the average employee earned $56,084. Employees told Insider that the company had a history of underpaying certain employees.

According to a Peloton spokesperson, the company takes “constructive comments” seriously and encourages feedback. However, the black employees at the company feel that they are not listened to. As their pay is much lesser than other employees.

When members of the Black Peloton employee group logged on for one of their regular Zoom meetings in October, they were greeted by an unexpected face.

Seoul Will Be the First City Government to Join the Metaverse

On the screen was Michael Gettlin, a Peloton vice president in charge of salaries. He was there to address Black employees’ concerns.

These concerns had been aired for weeks in the group’s internal Slack channel. And were mainly about how some of them were being paid less than the industry standard for their positions and experience.

Black Employees Speak About Their Experience

The 200 or so members of the Black Peloton group, all of whom were full-time employees, had been discussing their pay at the company.

One Black employee said that she was given a 1.5 percent raise, which equates to an additional $765 per year – well below the 5.3 percent inflation rate at the time – after receiving constant praise for my hard work throughout the year.

Rivian Prices Its IPO, Valuing the Electric – Vehicle Maker at Nearly $70 Billion

According to the most recent proxy filing, CEO John Foley received $17.8 million in total compensation, including stock awards, in Peloton’s fiscal year 2021.

According to the same filing, the median Peloton employee, including both hourly and full-time employees, was paid $56,084 during the same period, resulting in a 317-to-1 pay ratio between Foley and the median employee.

Black employees

According to some people, the disparity reflects an ongoing issue at Peloton: despite the company’s rhetoric about combating systemic racism, its efforts are too often reactive, in response to a crisis, rather than demonstrating a genuine interest in creating an equitable workplace.

Four current and former Black employees described personal Peloton experiences that they claimed demonstrated a pattern of underpaying certain workers.

Veteran Anchor Brian Williams Announces Departure From NBC After 28 Years

One ex-employee explained, he just had a hunch. When the employee polled other team members about pay, the three Caucasian people were all getting paid more than what he started at, he said, noting that one of the people he polled had started six to eight months before him and the other two had started several months after him.

Insider spoke with several current and former employees who claim that this type of disparity was consistent in their experiences with Peloton and that they struggled to be paid at their market value about their position, location, and experience.

Peloton Response to Underpaid Black Employees

The connected-fitness company, whose sleek stationary exercise bikes have become a pandemic status symbol, announced in March that it had signed on to the Management Leadership for Tomorrow Black Equity at Work certification and will be eligible for consideration in May.

LEAVE A REPLY

Please enter your comment!
Please enter your name here