Target Increases Starting Wage to $15; Thanks Frontline Team Members with Recognition Bonus (2024)

Company investing nearly $1 billion more on team than it did in 2019; will introduce free virtual healthcare visits for all and extend benefits established for pandemic

Target (NYSE: TGT)today announced a number of industry-leading updates and extensions to its pay and benefits. Beginning July 5, it will permanently raise its starting wage for U.S. team members to $15 per hour. Additionally, the company will give a one-time recognition bonus of $200 to its frontline store and distribution center hourly workers for their efforts throughout the coronavirus pandemic.

Starting this week, Target is also offering free access to virtual doctor visits for all team members through the end of the year, regardless of whether they currently subscribe to a Target health care plan. The company also announced additional extensions of a 30-day paid leave for vulnerable team members, as well as free backup care for family members.

“In the best of times, our team brings incredible energy and empathy to our work, and in harder times they bring those qualities plus extraordinary resilience and agility to keep Target on the forefront of meeting the changing needs of our guests and our business year after year,” said Brian Cornell, Chairman and CEO of Target Corporation. “Everything we aspire to do and be as a company builds on the central role our team members play in our strategy, their dedication to our purpose and the connection they create with our guests and communities.”

Investment in Team Members

All U.S. hourly full-time and part-time team members at stores, distribution centers and headquarters locations will be eligible for the $15 starting wage, which is more than 20% higher than the U.S. industry average.[1] Target set its 2020 goal of a $15 starting wage in September 2017, and over the last three years has increased wages from a starting wage of $11. The last starting-wage increase was in June 2019 to $13.

To recognize team members’ efforts to meet guests’ needs during the coronavirus pandemic, Target was one of the first in the retail industry to offer a temporary wage increase of $2 and kept the increase in place two months longer than originally announced.

The one-time $200 recognition bonus will be distributed at the end of July to eligible full-time and part-time hourly team members at both stores and distribution centers. This is on top of bonuses of $250-$1,500 paid out in April to 20,000 hourly store team leads who oversee individual departments in Target stores.

With the changes announced today, Target will invest nearly $1 billion more this year in the well-being, health and safety of team members than it did in 2019, including increased wages, paid leaves, bonus payouts, personal protective equipment and a $1 million donation to the Target Team Member Giving Fund.

New and Extended COVID-19 Benefits

To support the health and safety of team members during a stressful year for the country, Target will also offer free access to health care through virtual doctor visits, regardless of whether team members currently subscribe to a Target health care plan. The offering is through the CirrusMD app and focuses on text-first virtual health care visits for team members to securely text, share images or video chat with a doctor. The platform will be available 24 hours a day, 7 days a week at no extra cost to U.S.-based team members until the end of December 2020, so they can conveniently and safely seek medical advice at a time of heightened focus on health and well-being.

Other benefits that will be extended include:

  • Vulnerable paid leave for team members who are 65 or older, pregnant or those with underlying medical conditions per the CDC. Eligible team members who have not yet used this one-time 30-day leave option will continue to have access to this benefit.
  • Free backup care for all U.S. team members through the end of August. The benefit provides access to childcare or care for another family member, and Target will continue to waive co-pays. By the end of August, team members will have been provided access to free backup care for their family members for more than five months. Care includes access to provider Bright Horizons’ center-based and in-home options for children or elder family members that live with team members.
  • Target will continue to waive its absenteeism policy and offer paid leave options for team members who are symptomatic, have a confirmed case of coronavirus,or have been quarantined due to exposure.
  • And, with the strains both of COVID-19 and social unrest, Target will continue to support team members’ mental health by offering free counseling sessions, along with new anxiety and sleep resources that have been made available to all team members.

“The most important investments we make are in our team. I have tremendous gratitude for the way our team members show up with such purpose and pride for our guests, communities and one another,” said Melissa Kremer, Target’s Chief Human Resources Officer. “These investments help ensure that team members can build meaningful careers, take care of themselves and their families and contribute to building our communities through their work inside and outside of Target.”

Please see below for related materials including a media fact sheet and a downloadable infographic summarizing the news (click to accessinfographic alt text).

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 1,900 stores and at Target.com. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. For the latest store count or for more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

[1] 2018 mean hourly wage for general merchandise store salespeople: $11.92 (Source: U.S. Bureau of Labor Statistics); updated May 2019 to $12.38 (Source: U.S. Bureau of Labor Statistics)

Target Increases Starting Wage to $15; Thanks Frontline Team Members with Recognition Bonus (2024)

FAQs

Target Increases Starting Wage to $15; Thanks Frontline Team Members with Recognition Bonus? ›

Beginning July 5, it will permanently raise its starting wage for U.S. team members to $15 per hour. Additionally, the company will give a one-time recognition bonus of $200 to its frontline store and distribution center hourly workers

hourly workers
An hourly worker or hourly employee is an employee paid an hourly wage for their services, as opposed to a fixed salary. Hourly workers may often be found in service and manufacturing occupations, but are common across a variety of fields.
https://en.wikipedia.org › wiki › Hourly_worker
for their efforts throughout the coronavirus pandemic.

Are Target team members getting a bonus? ›

Most salaried workers at Target receive an annual bonus, based on Target's performance and the eligible amount set as part of their compensation. This year, the retailer will pay 100 percent of employees' eligible annual bonus amounts for the most recent fiscal year—an increase from 50 percent in the prior year.

Does Target give raises to team members? ›

The pay is higher than similar jobs around and you get a raise every year. The actual coworkers there are all really nice and inclusive. In this position you're expected to be able to do everyone else's job and your own at the same time. They don't payout your sick or vacation time if you have any when you leave.

How much is starting pay at Target in California? ›

How much does Target in California pay? The average Target salary ranges from approximately $25,000 per year for Cashier/Stocker to $224,987 per year for Principal. Average Target hourly pay ranges from approximately $16.00 per hour for Cashier/Stocker to $31.98 per hour for Front End Associate.

What is the starting pay at Target in Florida? ›

How much does Target in Florida pay? Average Target hourly pay ranges from approximately $15.00 per hour for Front End Associate to $54.00 per hour for Weekend Receptionist. The average Target salary ranges from approximately $21,104 per year for Food Service Worker to $157,461 per year for Lead Engineer.

What is Target bonus amount? ›

Bonus Target Amount . Means a Participant's Target Bonus Percentage for the Program Year multiplied by the Participant's base salary as of the end of the relevant Program Year.

Is Target doubling bonuses? ›

Target is rewarding its salaried employees by doubling bonuses as the company saw a surge in profits in 2023. The company reported $2 billion in additional profit growth last year, company spokesperson Brian Harper-Tibaldo told USA TODAY, and are "rewarding our team accordingly."

What is the starting pay for Target 2024 in California? ›

As of Sep 2, 2024, the average hourly pay for a Target Team Member in California is $12.09 an hour. While ZipRecruiter is seeing salaries as high as $17.08 and as low as $8.07, the majority of Target Team Member salaries currently range between $11.63 (25th percentile) to $14.95 (75th percentile) in California.

What Target store pays the most? ›

Highest Paying Target Locations
RankLocationAverage Salary
1Lacey, WA$40,149
2Sunnyvale, CA$40,086
3New York, NY$39,767
4Elizabeth, NJ$37,659
16 more rows

How much do you get paid when you start at Target? ›

Target Corporation Jobs by Hourly Rate
Job TitleRangeAverage
Job Title:CashierRange:$11 - $19Average:$15
Retail Sales AssociateRange:$14 - $22Average:$16
Team Leader, GeneralRange:$15 - $27Average:$20
Warehouse WorkerRange:$15 - $27Average:$20
3 more rows
Aug 15, 2024

What discounts do Target employees get? ›

We provide access to a full banking institution through our credit union membership, help to save for retirement through the TGT 401(k) plan with matching contributions up to 5% of eligible earnings and offer a 10% team member discount on merchandise, with an additional 20% discount on wellness items at Target.

How much does Target pay near me? ›

As of Aug 28, 2024, the average hourly pay for a Target Cashier in Los Angeles is $13.09 an hour.

How much does a Walmart employee make in Texas? ›

As of Sep 2, 2024, the average hourly pay for a Walmart Employee in Texas is $22.37 an hour.

What is the monthly Target bonus? ›

Monthly Target Bonus means an amount, if any, equal to the annualized target amount which the Covered Employee is eligible to earn under the Company's annual cash incentive plan in effect on the date of termination of employment or, if higher, such target amount as was in effect immediately prior to the occurrence of a ...

Do Target ETLs get bonuses? ›

Total salary range for Target ETL

The average ETL base salary at Target is $107K per year. The average additional pay is $7K per year, which could include cash bonus, stock, commission, profit sharing or tips. How was this calculated?

What is the 200 bonus at Target? ›

Target to Give $200 Bonuses to Front-Line Associates Target to Give $200 Bonuses to Front-Line Associates. Bonuses will go to all full- and part-time hourly front-line workers in stores, distribution centers.

What is a 20% Target bonus? ›

As a percentage of salary. For example, if your salary is $100,000, your annual bonus target may be 20%, or $20,000 ($100,000 salary x 20% target = $20,000 annual bonus target). As a pre-set number. For example, you may earn $100,000 and your annual bonus target is pre-set at $14,000.

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