Lowe’s gives another $100 million in bonuses; hiring seasonal, full-time employees

Lowe's Companies is rewarding its hourly employees and is also looking to add to their ranks — both seasonally and permanently.

The home improvement retailer is providing a $100 million in discretionary bonuses to its front-line hourly employees in time for the holidays. It will be Lowe’s sixth bonus payout since the pandemic began in March.

Active hourly associates at Lowe’s U.S. stores, distribution centers and call centers will receive the bonus on Nov. 13. Full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150.

Lowe’s also said it will hire 20,000 employees across its U.S. stores and regional distribution centers to support customer demand during the holiday season. 

In addition to seasonal help, Lowe's is actively filling permanent full-time and part-time roles at its stores and is also adding 2,500 workers at regional distribution centers nationwide. 

The November bonus payment comes on the heels of a $100 million employee bonus in October. Lowe's also previously provided special payments and bonuses to hourly associates in March, May, July and August. Additionally, in April, front-line workers 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, Lowe's president and CEO. "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."