Target Corporation announced plans to raise its minimum hourly wage for all employees to $11 in October, along with a commitment to increase the minimum wage to $15 by the end of 2020.
“Target has a long history of investing in our team members. We care about and value the more than 323,000 individuals who come together every day with an absolute commitment to serving our guest,” said Brian Cornell, CEO and chairman of Target. “Target has always offered market competitive wages to our team members. With this latest commitment, we’ll be providing even more meaningful pay, as well as the tools, training and support our team needs to build their skills, develop professionally and offer the service and expertise that set Target apart.”
On average, Target employs 160 people per store and offers career planning and development opportunities, with one in four store leaders having come from hourly positions within a Target store. Also, more than 60% of Target’s employees live within five miles of the store where they work.
Temporary Employees Will Benefit From the Increase in the Minimum Hourly Wage
By moving to an $11 minimum hourly wage this fall, Target says it will provide pay increases to thousands of team members before the holiday season. This increase will also apply to the more than 100,000 hourly workers that Target is hiring for the holiday season. The commitment to move to a minimum hourly wage of $15 will be implemented between now and the end of 2020.
Target’s last major wage increase was in 2016, when the company moved to a $10 minimum hourly wage. The retailer says that a minimum hourly wage of $11 is higher than the minimum wage in 48 states, and matches the minimum wage in Massachusetts and Washington.
Additionally, Target offers a variety of schedules to meet the needs of its diverse population and works with its employees to build schedules around their availability. With input from employees, Target posts store schedules in advance, allows them to trade and pick up shifts at their store location, and doesn’t do on-call or snap scheduling at its stores.
Target also offers employee benefits like a 10% merchandise discount at Target and Target.com, and an additional 20% health and wellness discount on fresh fruits and vegetables, all Simply Balanced products and C9 merchandise.
Information provided by the National Association of Convenience Stores