Hello, I'm an expert in the field of human resources and compensation. I specialize in understanding the intricacies of job roles and their corresponding salaries across various industries. When it comes to the salary of a department manager at Lowe's, there are several factors to consider that can influence the final figure. Let's delve into the details.
Firstly, it's important to note that the salary can vary greatly depending on the location of the store, the size of the department, the manager's experience, and the overall performance of the store. For instance, a department manager in a high-performing store in a major metropolitan area is likely to earn more than someone in a smaller department in a less busy location.
According to the information provided, the typical salary for a Lowe's Department Manager is around $18 per hour. However, this figure can fluctuate quite a bit. Salaries for this position at Lowe's have been reported to range from as low as $11 per hour to as high as $23 per hour. This wide range indicates that there are many variables at play when determining the salary for this role.
The estimate of $18 per hour is based on 341 salary reports provided by employees or estimated using statistical methods. It's worth noting that these figures are estimates and the actual salary can be higher or lower depending on the specific circumstances of the job and the individual employee.
In addition to the base salary, many department managers at Lowe's also receive benefits such as health insurance, retirement plans, and bonuses. These additional perks can significantly increase the overall compensation package for the role.
It's also important to consider the career growth opportunities that come with being a department manager at Lowe's. Many managers are able to advance to higher positions within the company, which can lead to increased responsibilities and higher salaries over time.
In conclusion, while the salary for a department manager at Lowe's can vary greatly, the typical figure is around $18 per hour. However, this can be influenced by a number of factors including location, department size, experience, and performance. Additionally, benefits and career growth opportunities should also be taken into account when considering the overall compensation for this role.
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