MyLowesLife is an official employee web portal that Lowe employees and retired employees can utilize at www.myloweslife.com. Employees can connect with other departmental representatives through MyLowesLife.
The portal also gives essential details about the employee benefits program. The employees just have to fill in the correct information to preview the plans they are eligible for. Some of the additional benefits of the employee benefits programs are as follows:
401(K): Through this plan, you’ll be able to put money away for retirement before taxes are withheld. If your contribution is 6% or greater, Lowe’s will match your contribution up to 4.25%. Contributions in the Lowe’s 401(k) are 100% vested immediately after you begin contributing. After 30 days from your original hire date (or attainment of 18 years old if later), associates are eligible to participate in the 401(k) plan.
Off-The-Job Accident Insurance: This coverage provides financial support if an accident occurs while you are off the job. (Workers’ Compensation pays the same if you get hurt on the job). Following 30 days of continuous employment, Associates are eligible for this plan.
Employee Stock Purchase Plan (ESPP): Lowe’s ESPP allows employees to become Lowe’s shareholders at a 15% discount on Lowe’s shares. If an associate has served 30 days continuously before the next enrollment period, they are eligible.
Vacation: Part-time and full-time employees are eligible for vacation based on service as follows:
- After 1 year of service: 40 hours part-time, 10 days full time
- After 5 years of service: 60 hours part-time, 15 days full time
- After 15 years of service: 80 hours part-time, 20 days full time
Holidays: Lowe’s offers six (6) paid holidays per year. Currently, Lowes stores are closed on Thanksgiving and Christmas, and these are paid holidays. If employees have worked certain holidays, Lowes allows them to accrue an additional 4 floating holidays. If employees have worked a holiday, they may choose the day to use their floating holidays. For each holiday, full-time employees will receive eight hours of pay, and part-time employees will receive four hours of pay.
Some of the other additional benefits include HSA, Critical Illness Insurance, Employer paid life plan, Short-term disability insurance, long-term disability insurance, etc.