Employee Benefits for Lowe’s Workers
Lowe’s Home Improvement is, as its name suggests, a home improvement retail store with locations across the United States and several in Canada and Mexico. According to N.Y. Job Source, it’s one of the largest hardware chains in the U.S., second only to Home Depot.
As a large company with 2,240 stores in North America, Lowe’s consequently employs thousands of people in various positions. Cashiers, stockers, project specialists, and delivery drivers are examples of roles Lowe’s hires for. Jobs you could apply for include project specialists and sales associates in departments such as windows and walls, hardware, electrical, and lawn and garden. Every staff member, including part-time workers, are eligible for a range of employee benefits.
It is important to note that Lowe’s has dealt with numerous class-action lawsuits over the years regarding the way it pays its employees.
One lawsuit as recent as 2019 accused a Lowe’s in Mooresville for violating the Fair Labor Standards Act, and another in 2016 accused the company of violating the Americans with Disabilities Act. Lowe’s also faced backlash for expressing Islamophobic sentiment after pulling ads from a TLC program titled “All American Muslim” at the demand of the Florida Family Association, an organization backed by multiple conservative anti-Muslim writers, in 2011.
If you are still interested in employment at Lowe’s, you may use this guide to understand the details about Lowe’s’ benefits for full-time and part-time employees.
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Lowe’s Employee Benefits
If you work at least 39 hours per week at Lowe’s, the company offers programs that include benefits such as:
- Health insurance;
- Unemployment insurance;
- Family and medical leave;
- A 401(k) plan;
- An employee stock purchase plan.
You are eligible for these benefits after working at Lowe’s for 90 days. Past and current Lowe’s employees scored their benefits packages 67/100 on the website Comparably, equivalent to a C+ grading.
If you work less than 39 hours per week at Lowe’s, you are immediately eligible for:
- Life insurance;
- Vision care;
- Dental care;
- Limited vacation;
- A limited-benefit health plan.
To take advantage of Lowe’s benefits for part-time employees, be sure to enroll in a plan within 31 days after hiring.
Lowe’s Employee Health Insurance
Health insurance benefits for employees at Lowe’s depend on various factors, including your state, part-time or full-time status, and whether you are including children and a spouse in your plan. Full-time employees can expect:
- Dental insurance;
- Vision insurance;
- Disability insurance;
- Life insurance;
- Health insurance and flexible spending;
- A prescription drug plan.
Most of these benefits should apply to family members, but because costs vary by state, you can use the company’s benefits calculator and select “Prospective Lowe’s Associate” to determine what your specific pricing model would be, including deductibles and out-of-pocket costs. Expecting mothers afraid of pregnancy discrimination will be interested to know that all medical options cover hospital care to some degree, including for maternity purposes.
Lowe’s Career and Professional Benefits
Besides health benefits, Lowe’s offers employees opportunities for professional and career development. The company naturally provides onboarding services and on-the-job training, but staff members can also have access to:
- Continuing professional education courses;
- Discounted online university programs for employees pursuing degrees;
- Leadership development workshops;
- Scholarship programs to provide financial aid;
- Tuition reimbursement;
- Track to the Trades program, which places employees in paid pre-apprenticeships.
Lowe’s also recently launched Lowe’s University, which teaches staff members additional skills. Executive Vice President of Human Resources at Lowe’s, Jennifer Webber, says:
“Understanding that associate development is critical to every aspect of our business, we wanted to revolutionize the way we train associates in order to bring about the definite and measurable, positive impacts on associate development, their success, and ultimately customer experience.”
As for tuition reimbursement, Lowe’s will pay up to $2,500 per fiscal year for full-time employees. This benefit applies to any college curriculum leading toward an associate’s or bachelor’s degree, but will only apply to a master’s degree or doctorate if the program will assist the staff member in their current position at Lowe’s or prepare them for advancement within the company.
Lowe’s Financial Benefits
Lowe’s offers a variety of financial benefits for its employees and their family members. Associates at Lowe’s can take advantage of the following:
- Child and elder care referral services: Some plans include flexible spending accounts that can help you pay for healthcare for dependents, such as children and elderly family members;
- Paid holidays: N.Y. Job Source notes that Lowe’s pays its employees over six holidays, namely New Year’s, Memorial Day, Fourth of July, Labor Day, Thanksgiving, and Christmas. Full-time employees are paid for eight hours and part-time workers are paid for four. Hourly employees scheduled to work on a holiday are paid both holiday and regular wages;
- Sick paid time off: All full-time employees following 89 days of continuous employment are eligible for paid sick days, which accrue at a rate of six days per year (and can carry over from year to year);
- Stock purchase plan: Lowe’s Employee Stock Purchase Plan allows employees to purchase Lowe’s common stock for a 15% discount;
- Vacation: Employees are eligible for different amounts of vacation time based on their full-time or part-time status and how long they have worked at Lowe’s. If you have worked at Lowe’s full-time for one year, for instance, you may take two weeks vacation, but only 40 hours if you are part-time. Vacation is important for a healthy work-life balance, so keep in mind that you are not eligible for vacation until you have worked for at least one year;
- 401(k) plan: All employees are eligible for a 401(k) plan to begin saving for retirement after 90 days of service, and baseline matching is available after one year.
Lowe’s Various Employee Perks
In addition to traditional benefits, Lowe’s benefits for employees include a small 10% employee discount on merchandise and access to the Lowe’s Associate Discount Program. This program is a marketplace where Lowe’s staff members can find a variety of marked-down products and services, including entertainment, cell phone plans, vacations, and more. The marketplace also includes car insurance discounts for Lowe’s employees who need a vehicle to commute to work.
Lowe’s Associate Discount Program notes that some of its most popular offerings include saving up to 40% off movie tickets and up to 50% off hotels. You cannot share discounts with friends and family, but you can make purchases on their behalf.
CareerBliss gives working at Lowe’s an overall rating of 3.7 based on 292 reviews. Lowe’s offers a broad range of potential benefits to its employees, but you will have to compare packages to determine if they will cover your needs.
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