If you think about home improvement, I bet you will always consider Lowe’s as your first option. Generally, Lowe’s has been a big player in the home improvement space, and the organization has various branches across the United States. Indeed the employees of Lowe’s have commended the organization about how the employee’s welfare has been one of the organization’s priorities. Working with Lowe’s Home will be an applicant’s dream come true as there are loads of employee benefits available for the employees working with the organization. With over 300,000 employees of Lowe’s Home, the organization has more than 22000 stores across the United States. Here, let’s know about Lowes Employee Benefits.
Employees of Lowe’s Home are easily recognizable because they are always in red shirts, and most often, they have a long-term career with the employer. As an employee with Lowe’s Home, you have access to various health and medical insurance, life insurance, and many other benefits explored in this piece. In addition, this reputable company gives you access to perks and benefits that most other employees from different organizations do not enjoy. Either part-time or full-time employee at Lowe’s Home, you have various employee benefits that help keep your finances intact.
Background information about Lowe’s Home
If you are considering applying for a role at Lowe’s Home, you are actually in the right place to learn about the employees’ benefits. Lowe’s is known as a home improvement organization that has been in business for over 100 years with its customer base, which is more than 20 million in a week. The company started as a small store in North Carolina and has become a good place for many homeowners to visit when they desire a home improvement for their home. In addition, one can find professional builders crawling into Lowe’s as they prefer to buy quality and preferred home improvement materials for their clients.
Why should you consider working at Lowe’s?
Here is an organization that considers its organization to be an exciting place for its employees. Lowe’s takes its employee’s welfare very important and provides all benefits that will ensure its employees stay productive, motivated, and interested in working for the organization. Meanwhile, Lowe’s values education which is why the company devotes a tremendous resource into training and re-training its staff daily. More so, they offer students a 10-week chance to intern with the organization to prepare them for the regular out-of-school job experience. The design of the internship is to brush up on their skills and provide the necessary work experience to make them successful employees. Plus, there is a wide range of benefits accessible to employees of Lowe’s, either as full-time employees of the company or as part-time workers. In addition, Lowe’s does not discriminate against any employee; this means that all employees have equal rights.
Does Lowe’s Offer its part-time worker’s full-time employee benefits?
Either as a new employee at Lowe’s or an application, you might want to consider the employee benefits available to the organization’s workers. For example, part-time workers at Lowe’s who work between 20 to 30 hours per week will have access to benefits provided by Lowe’s depending on their days of service, their present age, their job experience, and the store location where they work.
Lowe’s benefits offering: Although Lowe’s provides its part-time employees some benefits, they are not entitled to all benefits provided to the full-time employees.
Part-time employee benefits: as a part-time employee, you can access help from Lowe’s such as health insurance, short time disability insurance, 401 (k), accident insurance, employee discounts, and many other incentives. However, most part-time employees at Lowe’s do not get to benefit from the hospital coverage.
The Lowe’s Employee Benefits
The following section will discuss the employee benefits available at Lowe’s for its employees and how they can become eligible for such uses. Working at Lowe’s does not automatically qualify you to become a beneficiary of the tips, perks, and other benefits that the organization has designed. This top retail organization has prepared various benefits, which include the following;
- Exceptional Salary: Lowe’s employees value their relationship with the organization because of the excellent salary the company is paying them. Your salary at Lowe’s depends on where the store you work with is situated. More so, the earning at Lowe’s is very competitive, and you get to enjoy good pay if you are a manager at a busy Lowe’s store location. The payment for a position such as a Customer Service Associate, Sales Associate, Cashier, and Sales specialist is between $10 to $14, $10-$16, $14-21 per hour, respectively.
- Paid time Off: You show up at work daily to get the job done, and then you must be entitled to some other benefits related to time off. As a full-time employee at Lowe’s, you can easily benefit from the paid time off offered by Lowe’s, which includes vacation days, sick leave, volunteer time off, medical leave, and other contingencies time away from work. As an employee at Lowe’s, your paid time off entitlement will be dependent on how long you have worked for the company and what position you hold at the organization. Most full-time employees at Lowe’s are entitled to 10 to 15 days of vacation leave annually. However, as a new employee, you are expected to wait for at least a year of continuous work with the organization before you can be eligible for paid time off at Lowe’s.
- Health Insurance: Lowe’s values its employee’s health very much. It’s why the organization provides its employees with various medical insurance plans designed to help them through medical condition crises. Meanwhile, the health insurance policies at Lowe’s cover the employee on general health terms, routine dental checks, and visions health insurance. In addition, you are also eligible for other health insurance benefits such as telehealth services, reduced medical price, diabetics support, and some other named health issues aligned with the medical insurance. There are two options of medical insurance you can choose from as an employee; however, depending on whatever choice of health insurance you choose, you are eligible for orthodontic treatment for yourself and your family. In addition, other health programs are accessible by Lowe’s employees, including vulnerable workers’ access to health plans, free health counseling, specialized mental health assistance programs, and many more. Aside from that, you are provided with maternity and paternity leave, as the case might be, while there is an option of a medical health saving account that is secluded from pretax to cover other medical-related issues. Meanwhile, before you can become eligible for this benefit, you must have worked with the organization for at least 30 days.
- Employee discount: There is nothing as interesting as the employee discount given to the workers of any organization. Only a few organizations provide access to their employees to benefit from this type of discount. For example, at Lowe’s, employees are given access to specialized deals. As a new employee, they provide discount care, allowing you to have 10 percent off your purchases.
- Life insurance and retirement benefits: Lowe’s employees are not left hanging or unprotected from injuries and accidents. Lowe’s offers all its full-time employees who have been working with the organization for more than 30 days continuous access to life insurance. If they place you on an hourly rate with Lowe’s, you can access up to a $10,000 paid life insurance plan. Furthermore, if you are an employee placed on salary, your insurance could be up to 10 times your annual salary, pegged at $3,000,000. More so, Lowe’s has Accidental Death and Dismemberment insurance just in case its employees are involved in one. You can also take advantage of the 401 (k) retirement plans that are a pretax contribution. The company matches your contribution in payment with whatever the employee deposits in the retirement saving account. However, there is a limit to what Lowe’s will match up with your assistance, which is 4.25 percent of your donation on an amount of 6 percent or more which you have contributed.
Conclusion
Lowes provides its employees with various benefits that help them have a financially stable lifestyle, and these benefits and perks come in multiple ranges. Of course, there are slight differences between the full-time employee benefits and the part-time employee’s benefits.
FAQS
Do Lowe’s employees get benefits?
They give access to 10 percent off the total price of all the product purchases to their employees.
What is the starting pay at Lowe’s?
The average starting pay at Lowes is about $15 per hour.
