Having 1,900 stores, US-based Target has decided to extend the pay and benefits of its various US team members. Applicable from 5 July, it will permanently raise its starting wage to US $ 15 per hour. Now that’s 25 per cent higher than the US industry average.
The company will also give a one-time recognition bonus of $ 200 to its frontline store and distribution centre hourly workers for their efforts during the pandemic. The retailer is investing around $1 billion more on team than it did in 2019, and additionally will introduce free virtual healthcare visits for all and extend benefits established for the pandemic.
Apart from all these, the employees, especially team members who are vulnerable, will get additional extensions of a 30-day paid leave, besides being provided free backup care for family members.
