Peabody Energy Reviews

28 Reviews

3.3
28 Reviews
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Peabody Energy Chairman and CEO Greg Boyce
Greg Boyce
16 Ratings

2 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    Once a great company. Those days are gone

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Saint Louis, MO
    Current Employee - Anonymous Employee in Saint Louis, MO

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

    Pros

    Average Pay, Good 401K, bonus and benefits. Super plush office space (on the upper floors - for management) and a gym.

    Cons

    HR is too afraid to promote talent from within. Instead they hire managers from outside the company with the title they are looking for. Most of these people were fired or let go at their previous jobs. Many of them don't last long at Peabody. HR does NO background research on these people. As someone else mentioned, HR is lazy. I have interviewed candidates and recommended hires, only to have HR lowball them and turn the job down. They then go to the next candidate and offer them the position (even though that candidate was not recommended for hire). The performance review process changes every year. It now takes about 80 hours a year to complete, and it is like sticking a square peg in a round hole. It seems that the real intent of the process is to protect the company when it comes time to further downsize. Unless you are hired as a VP here, you will not get promoted to that position regardless of experience, skill, or effort.

    Advice to ManagementAdvice

    Clean out your HR team from the top down. They are driving your talented workers into the hands of your competitors or other companies. The "cascaded goals" and performance metrics are not understood by HR (at least they cannot explain it to us) and do a horrible job of identifying talent and hard work. Real talent gets frustrated by the process, while mediocre talent will learn how to game the system to maintain their job.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Wants to be global but stuck in provincial mindset

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Peabody Energy

    Pros

    - Leader in its immediate industry (coal) but laggard in overall industry (mining)
    - Decent benefits package
    - Some opportunities to work overseas (Australia)

    Cons

    - Not forward thinking
    - Weak leadership
    - Pay lower than peers or industry
    - Promotion and career development procedures not transparent

    Advice to ManagementAdvice

    - Need overhaul of many HR policies
    - Need fresh blood and fresh thinking
    - Dare to play in the 'big leagues'

    Doesn't Recommend
    Disapproves of CEO

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