One Black former employee found out that he was making $15,000 less than white colleagues for what he believed to be the same experience and role.
During a meeting in October, vice president of global total rewards Michael Gettlin told members of the Black@Peloton employee group that Peloton, asdescribed,"does not pay below the competitive market rate" and that factors such as geography and experience go into determining how much an individual within each level of the company makes.
Some of the Black employees also said they were frustrated with additional internal factors, including a workforce-diversity report Peloton promised employees which they have yet to see."None of it is genuine," one wrote to."The Black dollar is powerful, and Peloton sees the benefit with aligning themselves with the BLM/Anti Asian Hate stance, but does little to address inequity and diversity concerns internally.
Peloton said that the company is"deeply in the DEI analysis process" and plans to share its numbers publicly in 2022. However, the company did note that 31 percent of its senior leaders "are people of color.
The spokesperson continued on to say the company reviews and updates compensation ranges annually"and, based on the market, we evaluate where team members sit within their range to determine if they are paid accordingly, regardless of race, gender, ethnicity, or any other protected characteristic.
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