Lowe’s Company is an American home improvement store that’s one of the most popular places for professionals and DIYers when they need supplies for projects around the house.
The company also has an online presence where you can explore its product catalog, read about upcoming events at your local store, and view hiring information if you are interested in working there.
It was established in 1921 by Lucius Smith Lowe, with its first store in North Carolina. Currently, the company has more than 2190 hardware stores across North America. Consequently, they manage more than 300 000 employees.
There are many benefits Lowe’s employees can get from Lowe’s Company. Lowes Employee Benefits include;
Lowes Employee Health Benefits
Only full-time employees who have worked continuously for 3 months are eligible. These include benefits like
- Prescription drug plan,
- Dental high plan
- Medical plans
- Vision high plan
- Dental low plan
- Vision low plan
Lowes Employee Life Insurance Benefits
It is divided into six sections
Basic term life insurance – maximum payout is $ 500,000 for employees who work on an hourly basis, while the salaried employees can get a maximum of $ 250,000.
Accidental death and dismemberment insurance – covers up to $ 1,000,000
Supplemental term life insurance – covers a maximum of $3, 000,000
Dependent term life insurance – with a maximum payout of $25,000 to $250,000 and $5,000 to $20,000 for children.
Business travel accident insurance – in the event that you die while in the line of duty at Lowes, this benefit will apply. The exact amount of money will depend on the nature of the accident and your annual salary.
Hourly employment term life insurance – if you are enrolled in the basic and supplement term life plan, you do not qualify for this program. The maximum payout is $10,000.
Income protection benefits for Lowes Employees
It features three kinds of insurance: short-term & long-term insurance and basic sick pay. The plan provides income protection to employees in case of a long-term illness or injury.
Retirement benefits for Lowe’s employees
This includes the 401(k) plan and stock purchase plan. As a Lowe’s employee, you can purchase their stock at a 15% discount, which will come in handy when you retire.
Time off benefits
After working for six months, you become eligible for a six-day paid vacation. In addition, during Thanksgiving and Christmas, full-time employees receive eight hours of paid holiday. On the other hand, part-time employees receive one hour of holiday pay.
Other Lowe’s employee benefits
- Discount tuition program
- Part-time employee’s dental plan
- Part-time employee’s vision plan
- Auto & home insurance
- Fixed indemnity plan
- Basic sick pay hours
- Benefits of ESPP, also known as Employee Stock Purchase plans
- Off-the-job accident plan
- Critical illness plan
- Short-term disability insurance
- Employee Assistance Program
- Vacation pay
Supporting your future
Family Care
All eligible, full-time salaried or hourly associates receive up to 10 weeks of paid maternity leave and 4 weeks of paid parental leave. We also offer access to dependent care resources, adoption assistance and other family forming benefits.
Tuition-Free Education Assistance
Our 100% tuition-free education program helps you balance your career with your education. In 2024, we invested over $24 million in our education benefits and helped over 5,500 associates reach their higher education goals.
Track to the Trades
We created the Track to the Trades program to expand access to trades education and career paths. This program offers tuition-free education courses and upfront tuition funding for trade skill certifications.
20,000 associates started their path toward a trades education since 2022, and we aim to help prepare 50,000 more over the next five years.
MyLowe’s Rewards
Associates receive automatic Silver Key status in the MyLowe’s Rewards Loyalty Program. Benefits include Earning more points towards MyLowe’s Money that can be spent at Lowe’s.
Free standard shipping on Lowes.com (excludes AK and HI), and free member gifts and personalized offers. Associates reaching 25 or more years of service will receive Gold Key status.