Target Plans To Pay Employees At Retail Stores And Distribution Centers Up To $24 An Hour

Target Plans To Pay Employees At Retail Stores And Distribution Centers Up To $24 An Hour

While major retailers and distribution centers struggle to retain employees, Target is hoping to curve that issue with some coins! The Minneapolis-based retailer already has a universal minimum wage of $15. The increase was announced in 2017 with expectations of hitting the mark by 2020. Now, as the Covid-19 pandemic continues to influence worker shortages, Target is adding another set of wage increases to their company strategy.

Wage Increases

According to NBC News, the Minneapolis-based at Target’s retail stores and distribution centers will be paid between $15 and $24. The most competitive job markets, such as New York, will see the highest pay increases.

“The market has changed,” said Target CEO Brian Cornell in an interview. ”We want to continue to have an industry-leading position.”

Target reportedly plans to spend about $300 million on labor force within 2022. Their spending plan includes adding a “broader, faster access to health care coverage” for hourly employees, per NBC News.
Target’s spending plan comes as other major retailers have hopped on their trend. When Target first announced wage increases in 2017, they were one of the first and few to pay employees $15 minimum. However, since then retailers like Best Buy, Costco and Amazon have also added coins towards their labor force. Per NBC News, Costco raised its minimum hourly wage by a dollar from $16 to $17 in 2020. Meanwhile, Amazon’s starting wage is also $15 an hour with transportation and fulfillment roles starting at $18 an hour.
Target’s Progress
But wage increases isn’t Target’s only recent change. Back in November 2021, the retailer announced they will no longer be open on Thanksgiving Day moving forward. Target closed its doors on the holiday in 2020 due to the pandemic, but according to CEO Brian, “what started as a temporary measure drive by the pandemic is now [Target’s] new standard.”
The company decided on the policy change after CEO Brian met with some New York and New Jersey employees who said they were glad to be home for the holiday.


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