Lowe’s Hands Out New Employee Bonuses
Lowe’s is handing out new bonuses as it hires for the holidays and beyond.
The retail chain said it will hire 20,000 associates across its U.S. stores and regional distribution centers to support customer demand this holiday season and beyond. The move comes as the company commits another $100 million in discretionary bonuses to thank front-line hourly associates and support their families during the holiday season.
In addition to seasonal help for the holidays, Lowe's is actively filling permanent full- and part-time roles at stores and adding 2,500 team members at regional distribution centers nationwide. Available supply-chain openings include day, night, weekend and overnight shifts for team members, and store positions include cashiers, customer service associates, receivers, unloaders, load pullers and sales specialists.
Active hourly associates at U.S. stores, distribution centers and call centers will receive the bonus on Nov. 13 as they support customers preparing their homes for holiday celebrations and winter weather. Full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150.
The sixth bonus payment, slated for November, builds on the $100 million announced earlier this month for associate bonuses in October, bringing Lowe's total support of associates during the pandemic to more than $775 million. Lowe's previously provided special payments and bonuses to hourly associates in March, May, July and August. Additionally, in April, front-line associates received a temporary $2 per hour wage increase.
"As the holiday season approaches, we're especially grateful for our front-line associates who continue to maintain the highest level of customer service, and this bonus is our way of saying thank you and providing a little extra financial support for their families during this time," said Marvin R. Ellison, president and CEO of Mooresville, North Carolina-based Lowe's. "We're also pleased to continue hiring for more than 20,000 roles across our stores and supply chain during a time when it's more important than ever to make being home for the holidays special."
Throughout the pandemic, Lowe's has hired more 155,000 associates through its seasonal hiring process, with many associates transitioning to more permanent roles with the company.
Lowe's stores will close on Thanksgiving Day, as in years past. In addition to its support of associates, Lowe's has committed more than $100 million to support communities during the pandemic.