Home Depot Adding Jobs, CEO's Compensation Up

6:20 PM, Apr 7, 2010   |    comments
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ATLANTA -- For the first time in four years The Home Depot will actually be adding jobs.

According to a report published by Bloomberg, Home Depot has been eliminating positions for the past three years.   Now the home improvement retailer is looking to build its staff back up.

The Home Depot is interested in hiring people to work in their retail stores.  It will also be beefing up its supply chain and IT operations, the company told 11Alive News Wednesday.

"We saw great sales in the forth quarter and we have projected sales growth for 2010," said Home Depot Vice President of Talent Management Arlette Guthrie.  "We're excited about that.  We believe that in order to serve our customers effectively we really have to have enough associates in our stores.  We want to make sure that were hiring right now to meet their needs."

"Sales advanced more than the company had anticipated in the fourth quarter, helped by demand for paint, flooring and plumbing items," the Bloomberg report said.  "Home Depot forecast in February that revenue would advance 2.5 percent this year, marking the first increase since 2006."

People interested in applying for work with Home Depot should visit Careers.HomeDepot.com.

HD CEO Blake's total comp up 6%
Atlanta Business Chronicle

The Home Depot Inc., whose profit jumped 18 percent in 2009, gave its top executive a $600,000 boost in total compensation.

According to a proxy filing with the Securities and Exchange Commission, Home Depot CEO and Chairman Frank Blake got around $9.9 million in total compensation in 2009, compared with about $9.3 million in 2008. His salary last year was virtually flat at $1.02 million, as were his stock awards of $3.9 million. His option awards were down $1.3 million to about $2.6 million. And he got $2.1 million in non-equity incentive plan compensation (a form of bonus) in 2009, compared with none at all in 2008.

The Atlanta-based home improvement retailer (NYSE: HD) saw its profit rise 18 percent to $2.7 billion as sales dipped 7.2 percent to $66.2 billion last year.

The proxy also shows Chief Financial Officer Carol B. Tomé's total comp was down 7 percent to $5.6 million.

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