Target announced that it will increase the starting salary for workers in some positions up to $24 dollars. The increase will apply to hourly workers at its discount stores, supply chain facilities and at its headquarters.
Target has set its minimum wage at $15 dollars in 2020 and with the announcement some workers will qualify for a starting salary higher depending on the nature of your work and the prevailing competitive wages in your local market.
Through a press release, Target indicated that they are establishing a new starting salary range and expanding access to health care benefits in 2022, for more than 350,000 members of the chain, so they have invested up to $300 million dollars to achieve this goal.
That investment also includes expanding access to health care benefits for hourly workers, beginning in April. Under the plan, hourly retailer employees who work a minimum average of 25 hours per week will be eligible for Enroll in a company health plan. Workers will also get faster access to plans 401(k).
Melissa Kremer , chief human resources officer for Target, commented, “We want every team member to be better off working at Target, and years of investment in our culture of care, meaningful pay, increased health care benefits and opportunities for growth have been essential. to help our team members develop rewarding careers.”
“Our team is at the heart of our strategy and success, and their energy and resilience keep us at the forefront of meeting the needs changes of our guests year after year. We continually listen to our team members to understand what is most important to them and then use the feedback to make investments that meet their needs at different career and life stages,” Kremer said.
Target’s wage increase comes amid a labor shortage in the retail industry that has worsened during the pandemic. The main stores have increased their salaries and benefits in order to attract and retain their staff to avoid being affected, as much as possible, by mass resignations.
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