Target’s New Hourly Wage To Increase As Much As $24

Target has revealed that it will be spending up to $300 million, offering benefits and raising hourly wages for employees at stores, supply chain facilities and corporate offices from $15 to as much as $24 per hour.

“Our team is at the heart of our strategy and success, and their energy and resilience keep us at the forefront of meeting the changing needs of our guests year after year,” said Melissa Kremer, chief human resources officer at Target, in a company statement.

“We continuously listen to our team members to understand what’s most important to them, then use the feedback to make investments that meet their needs across different career and life stages.”

In addition to boosting hourly wages, the big-box retailer is also looking to make it easier for hourly workers to qualify for health benefits and shorten the time frame workers must wait to become eligible for retirement benefits, among other things.

“We want all team members to be better off for working at Target, and years of investments in our culture of care, meaningful pay, expanded health care benefits and opportunities for growth have been essential to helping our team members build rewarding careers,” Kremer added.

The company’s move to raise wages and make benefits more accessible to employees follow a series of other enhancements Target has recently made to its employee benefits, including a debt-free education assistance program, access to health care for all team members via virtual doctor visits and mental health counseling, adoption and surrogacy reimbursement, paid family leave and on-going coronavirus benefits.

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Originally published at https://retailbum.com on March 2, 2022.