Lowe's Plans Spring Hiring Spree, Pays $80 Million in Bonuses

Home improvement retailer Lowe's Companies (NYSE: LOW) appears to be looking forward to a busy spring, with a press release today announcing it wants to boost its roster of front-line workers by 50,000 in the coming months. The jobs include both full-time and seasonal positions, adding to the approximately 90,000 workers Lowe's says it hired during 2020.

As COVID-19 continues to spread across the United States, Lowe's also says it is offering a fresh round of bonuses to its workers. Working in retail naturally exposes associates to greater risk of catching the coronavirus, given their contact with large numbers of customers daily, so the bonuses are likely a form of incentive pay.

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Source Fool.com