Lowe's 1998 Annual Report Download - page 11

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Please find page 11 of the 1998 Lowe's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Lowe’s understands that the most important part of
any company is its employees. They’re the ones who
represent us everyday – whether to our customers or to
our suppliers. So we’re proud to offer benefits that show
we care as much about them as they care about Lowe’s.
After one year of service, every full-time employee is
automatically enrolled in Lowe’s Employee Stock
Ownership Plan — one of the leading stock benefit plans
in the country. Employees are also invited to share in
Lowe’s ownership by participating in our Employee
Savings and Investment Plan (401(k)), putting part of
their pay toward their future. Employees participating in
Lowe’s 401(k) are immediately rewarded with matching
contributions.
We encourage employees to take stock in themselves
as well, and offer numerous educational opportunities
such as training and certification through Lowe’s
University. For those who wish to supplement their
knowledge with formal education, Lowe’s can provide
financial assistance to colleges and universities.
Lowe’s understands how valuable our employees are
– and encourages them to strive for positions of greater
responsibility within the Company. Management Training
and Executive Development programs are important tools
for strengthening our Company. It’s not unusual for a
sales associate to rise through the ranks to become a store
manager, a regional vice president or even a member of
Lowe’s Executive Management. Job opportunities are
posted in every store and shared monthly via our
Company newsletter, Scanner, as well as being listed on
our company-wide intranet website, WKLN.
We believe that investing in our employees enhances
job satisfaction and leads to a more productive group of
associates who — as shareholders of Lowe’s — are
motivated to better serve customers. As our employees
put it: Why wouldn’t you want the company you own to
be successful?
Low e’s Know s
Our M ost Valuable Asset
“ I came to Low e’s
because I saw a lot of
opportunity. There’s
much more to Lowe’s
than just the check
you’re taking home.”
— Jackie Bumgarner, Legal Compliance
Manager in Low e’s Human Resources
Department
9