- Peloton has thrived during the pandemic thanks to overwhelming demand for at-home fitness products amid the temporary closure of gyms and fitness studios.
- The rise in sales has put the company in a good place to continue hiring, especially in tech and engineering positions, during the health crisis.
- Business Insider analyzed the US Office of Foreign Labor Certification’s 2020 disclosure data for permanent and temporary foreign workers at Peloton to see the salaries for various roles within the company.
- Here’s how much Peloton pays employees working as engineers, data scientists, analysts, and more.
- Visit Business Insider’s homepage for more stories.
Demand for Peloton workout equipment has never been higher, and the company is expanding rapidly in an effort to keep up with its exceptional growth during the pandemic.
With gyms and studios temporarily shuttered around the country to prevent the spread of the coronavirus earlier this year, interest in Peloton’s luxury at-home fitness products surged. In the company’s most recent quarter, sales increased by 172% and caused delays in shipments due to overwhelming demand.
Amid the chaos, Peloton has made a push to democratize its brand by offering cheaper versions of its popular stationary bike and treadmill, while also introducing enhanced models that better cater to physical activities beyond spinning and running.
Digital subscriptions have served as another growth driver for Peloton, allowing consumers to still dabble in the company’s programming by streaming interval training and yoga classes without shelling out for a bike. According to Peloton, paid subscriptions grew 210% year-over-year in its most recent quarter.
“The pandemic has continued to propel demand for our products,” Peloton CEO John Foley said on a call with investors in September. “Organic demand for our bike remains strong and member engagement remains elevated, despite improving weather and the gradual opening of brick-and-mortar fitness locations.”
Read more: The virtual at-home fitness boom is here to stay and will usher in a new era of exercising that will last long after the pandemic subsides, experts say
As the company looks to maintain its pace of impressive growth, it’s investing in a team capable of bolstering its meteoric rise, particularly in technology and development roles. The company currently has more than 3,000 employees and is hiring for hundreds more, with most openings in categories like software, operations and logistics, and information technology.
The Office of Foreign Labor Certification discloses salary data each year after US companies report how much base compensation workers are offered when filing paperwork for visas on behalf of current or prospective foreign workers. For the US, Business Insider’s research shows that Peloton recently applied for 36 H-1B visas. Most jobs listed were in New York, but some were elsewhere in the US.
In many cases, Peloton’s salaries were on par with and even slightly above those of other technology companies. For example, the average base salary for software engineers at Google and Amazon is $133,364 and $121,907, respectively, according to Glassdoor data. At Peloton, software engineers make between $115,000 and $170,000, H-1B visa application data shows. Meanwhile, a senior engineering manager at Google makes an average of $250,774, whereas a senior engineer manager at Peloton makes about $260,000.
Here’s a peek at the salaries that Peloton pays US-based engineers, data scientists, accountants, and more, based on 36 approved visa applications that the company filed with authorities: