Target says it will raise its minimum wage as high as $24 per hour this year, depending on the local market. Companies have been raising pay and benefits in an effort to keep and attract workers.
Monday that it would begin paying workers wages ranging from $15 to $24. The starting rate will depend on the job, the market and local wage data, among other factors.
The wage increase is a part of a $300 million investment in pay and benefits. The company also said it would expand employee access to health care. Hourly employees who work an average of at least 25 hours a week will become eligible for a Target medical plan. Initially, these benefits were only available to employees who work an average of at least 30 hours per week. With the new benchmark, about 20% of Target workers will become eligible.at no cost, along with more fertility benefits. Employees will also be able to access 401 plans earlier, the company said.
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Target could raise workers pay up to $24 an hour this yearWorkers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is tough, could see starting wages as high as $24 an hour this year.
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Target could raise workers pay up to $24 an hour this yearWorkers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is tough, could see starting wages as high as $24 an hour this year.
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Target boosts its starting pay for some jobs to $24 an hourTarget’s move comes amid an ongoing worker shortage in the retail industry, partly triggered by the pandemic, as companies across the board struggle to retain and hire more workers.
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Target seeks to entice workers with pay of up to $24 an hourWorkers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
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Target boosts its starting pay for some jobs to $24 an hourThe changes come as more retailers and restaurant chains have moved to a $15 an hour minimum rate.
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Target Seeks to Entice Workers With Pay of Up to $24 an HourWorkers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
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