5/25/2023 0 Comments Lowes bonus sSpeaking to CBS News, USC Marshall School of Business finance professor Larry Harris says that higher wages would provide a bigger incentive for a worker to stay with the company. Of course, company bonuses are nothing to scoff at, but given the current labor market climate, they are also seen as a corporate device to retain employees. The same report also noted that Lowe’s made around $90 billion in sales in 2020. Details about how many of them are “hourly frontline associates” and how much of a bonus each will receive are not known. Additionally, in a continuing effort to promote its workers’ work-home life balance, home and hardware giant announced that it will by offering these same workers 20% limited-time discounts on cleaning and household necessities, per NBC.Īccording to Lowe’s 2020 Annual Report, the company employs over 300,000 workers.
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