Lowe’s to offer $1000 bonuses to 260,000 employees

By Pouyan Broukhim

Home improvement retailer Lowe’s has become the latest company to offer bonuses to its employees following the US government implementing new lower corporate taxes.

The company has committed to paying up to 260,000 of its staff $1,000 bonuses each, with these set to be paid in addition to the store’s current existing store-level bonus program.

See also:

“We are investing in our employees who make a difference every day in the communities where we live and work,” said Robert Niblock, Lowe’s Chairman, President and CEO. “Our employees are the foundation of our business, and we are excited to enhance our benefits to better meet their needs and the needs of their families.”

Additionally, the company will look to implement a number of further benefits for both its full and part time employees, including 10 weeks of paid maternity leave and two weeks paid parental leave, and the eligibility to enrol in the company’s health benefits after just 30 days of service.

“Today’s announcement is another example of how we will continue to invest in our employee and customer experience as we continue to evaluate the impact of tax reform.”

The statement follows the company’s recent reveal that it will be looking to recruit over 53,000 seasonal workers across the US in the aim of improving its customer service.


Featured Articles

Patagonia Chair Charles Conn on becoming an imperfectionist

Entrepreneur and Patagonia Chair Charles Conn talks to Business Chief about rethinking strategy amid uncertainty, and why an imperfectionist approach works

Top 10 most valuable brands in the world – Amazon to TikTok

Business Chief takes a look at the top 10 most valuable brands in the world, according to Brand Finance, which puts 5,000 major companies to the test

Four priorities for new Twitter CEO Linda Yaccarino

Elon Musk confirmed on Friday that Linda Yaccarino, who most recently worked as Chairman of Global Advertising at NBCU, would become Twitter's new CEO

Top 10 shifts transforming organisations – McKinsey & Co

Leadership & Strategy

Top 10 fastest-growing jobs in the world according to WEF

Technology & AI

Top 10 female Chief Information Officers in North America

Digital Strategy