Lowe’s Companies, Inc. (NYSE: LOW) today announced its continued investments in its front-line associates with an additional $80 million in discretionary bonuses and plans to hire more than 50,000 associates across U.S. stores this spring. The latest bonus will bring the company’s total commitment to associates, communities and store safety during the pandemic to nearly $1.3 billion.
Active hourly associates at U.S. stores, distribution centers and call centers will receive the bonus on Feb. 5 in recognition of their continued dedication. Full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150. This will be the seventh bonus or special payment Lowe’s has provided to hourly associates during the pandemic.
As it prepares for its busiest season, Lowe’s is also actively filling seasonal positions and permanent full-time and part-time roles at stores to help customers purchase essential products and services during the pandemic. Lowe’s is hiring more than 50,000 seasonal and full-time retail associates, building on the more than 90,000 associates hired into permanent roles over the past year.
“As we approach spring, I am enormously proud of the way our associates have served customers and supported each other this past year through an unprecedented health crisis,” said Marvin R. Ellison, Lowe’s president and CEO. “We are honored to be an essential business to help our customers keep their homes safe and functional during these very challenging times. We’re pleased to provide this additional bonus to support our current associates and excited to welcome these new associates so we can better serve customers across the country.”
Lowe’s offers career advancement opportunities at all levels and provides on-the-job learning with innovative tools, including an app that delivers customized product training in the aisles to ensure associates in all roles have the knowledge to confidently help customers.
All hourly associates benefit from competitive pay and are eligible for Lowe’s quarterly profit-sharing bonuses, which were paid to 100 percent of U.S. stores in the first three quarters of this year. Associates also can take advantage of comprehensive health and wellness benefits that support their total wellbeing and are tailored to fit their varied lifestyles, from students to retirees. Benefits range from health, vision and dental insurance to tuition reimbursement, 401(k) and discounted stock purchase plans, family-building benefits and paid volunteer time.
The company committed more than $150 million to support its communities last year, including more than $100 million in pandemic-related relief. Lowe’s provided grants to deliver much-needed financial assistance to rural, minority-owned and women-owned small businesses. Lowe’s associates also actively provided supplies and support across dozens of communities hit hard by disasters in one of the busiest and most destructive years for wildfires and hurricanes.
Lowe’s is a military friendly and equal opportunity employer. For the third year in a row, Lowe’s has been named one of the Best Places to Work for LGBTQ+ Equality by the Human Rights Campaign. The company also has been recognized for the second year in a row as a Best Place to Work for Disability Inclusion by Disability:IN.
