A healthy work-life balance is essential for a happy workforce. This balance is not something that you can achieve in one step. It entails several approaches that, together, contribute to productive, efficient employees. As a company dedicated to health and fitness, no one knows this better than Peloton.

It’s clear from their range of employee benefits and perks that Peloton values their employees’ well-being and goes to great lengths to support it. But what does this mean for the people who work there and for the company itself? Are these the types of employee benefits that produce measurable results? 

To get to the answers, we examined what it’s like for people working at Peloton. Some benefits and perks stood out among the rest. These are the 7 best Peloton employee benefits you may want to introduce in your company.

7 Peloton Employee Benefits That Retain Employees

Here are the top 7 Peloton employee benefits attracting top talent and keeping employee turnover in check. 

1. Peloton Health Benefits For Employees

Even the healthiest workforce occasionally has to take time off for illness or injury. However, the effects of time lost are significantly reduced when employees have access to good healthcare, which requires affordable medical insurance.

Peloton health benefits take employee’s medical and financial well-being into account, with affordable copays and deductibles on their medical insurance coverage. Premier plans are also available for employees needing additional dental and vision insurance options.

This healthcare ensures Peloton’s staff are always ready to perform at their best. This benefit also ensures employees feel valued and appreciated, reducing employee turnover and boosting loyalty.

2. Mental Health Prioritized At Peloton

Mental health is as important as physical health. This is why Peloton provides employees with coverage for 25 sessions with a licensed mental health professional annually. This benefit ensures employees have the support they need.

Mental stress can usually be traced to financial or legal issues. So, Peloton offers financial wellness tools and prepaid legal assistance for their employees. These are the kinds of benefits that, while they don’t seem essential at first glance, make a big difference to employees’ quality of life.

With an improved quality of life, employees are free to concentrate on their duties and uphold the company’s goals.

3. Peloton Benefits Employee Work-Life Harmony

Promoting employee wellness boosts productivity and reduces employee burnout. At Peloton, the harmony between their employee’s work and home lives is given much attention. This is because the company understands the connection between employees’ mental well-being and productivity. 

Employees at Peloton are encouraged to take time off for their mental health. To achieve this goal better, most teams can enjoy a hybrid work policy with only three days a week in the office and the rest working from home. 

Exclusively on-site roles in retail and member support, unfortunately, cannot follow this practice. Still, it is available to most other employees.

4. Peloton Employee Benefits For Education

At Peloton, education is as important as mental and physical well-being. One stand-out benefit is that all Peloton employees can access tuition reimbursement for their continued education.

Continued education is essential for a happy workforce. Employees are more likely to feel valued and supported and will stay with the company longer. The company also benefits from an upskilled workforce. This culture of encouragement and growth promotes happier and more productive employees.

5. Focus On The Family

At any company, employees will either have families to support or plan to start a family. Peloton employees can access various services with a focus on the family. Benefits range from health insurance to fertility services and childcare, supporting and nurturing employees’ families. 

Employees needn’t fear what will happen should they no longer be providing their families with an income due to death or severe injury. Peloton ensures that life and disability insurance options with income protection are available for these unexpected life situations.

6. Peloton Employee Benefits For The Future

The reality is that every employee will eventually retire from working life. Unfortunately, many employees look to this time with apprehension rather than excitement. This is because too many don’t have the financial security that retirement requires.

At Peloton, an employee’s future retirement is given the serious commitment it deserves. Employees can save for the future with a 401(k), and the company matches all their contributions up to 4%. This reduces a lot of the financial stress that employees may otherwise feel about that looming retirement age.

It’s also a clear sign that the company values its employees and wishes to invest in their future. This makes Peloton a top employer for which to work.

7. Subsidies, Discounts, And Perks For All At Peloton

Peloton doesn’t just supply the equipment that keeps the world fit and healthy. They practice what they preach and encourage their staff to stay fit. Team members get discounts on Peloton bikes, tread and row equipment, studio classes, and fitness apparel. 

This push for fitness extends to employees’ families, too. Family members can purchase new or refurbished Peloton Connected Fitness products at a discount. It makes working for Peloton more attractive and keeps employees and their families exercising and, therefore, healthier. 

Subsidized memberships for lifestyle programs, pet insurance, and even travel insurance also show their employees that Peloton cares about them.

Why These Benefits Have Such An Impact

Let’s consider the statistics around what employees look for in benefits packages. 

According to a US survey, 80 percent of respondents prioritize health insurance coverage when looking for a job. The second most important (44%) benefit is a retirement savings plan or 401K. Peloton meets both of these top job seeker requirements. 

According to Zippia Research, 72% of workers see a healthy work-life balance as an essential factor when choosing a job, while 57% of job-seekers see it as a deal-breaker. With their hybrid work policy and focus on mental wellness, Peloton meets this all-important need as well.

Peloton focuses heavily on the importance of family. This is evident in their subsidized child care and family care program. This is a crucial requirement and growing need in the jobseeker market. 

Statistics and insights like these demonstrate how Peloton is hitting all the right notes with the impressive benefits they offer, as well as the level of job satisfaction and productivity that results from these efforts. 

Final Thoughts

There is a lot that can be learned from the Peloton employee benefits. Peloton staff receive well-rounded benefits and perks that make them feel valued and appreciated. As indicated in reviews, this increases employee engagement, loyalty, and passion for the brand. 

Do you want your employees to feel the same about working for you? The most straightforward path to engaging employees and making them feel valued and appreciated is a solid recognition and rewards program. PerkUp makes this more accessible, with an extensive range of perks that boost health, well-being, and happiness. 

Book a demo today and see what a difference a culture of recognition and reward makes.