Written by George Anderson
With millions of Americans having filed for unemployment since March, it’s hard to say that the tight job market that favored workers just a few months ago will come back any time soon. Even with the odds seemingly favoring employers at the present time, Target announced that it is raising its starting minimum wage from $13 to $15 an hour beginning on July 5.
The retailer’s decision to raise its starting pay is following through on a commitment it initially made in September 2017. Like other retailers, Target has been paying its frontline workers $2 an hour extra since the coronavirus outbreak. In essence, the new starting wage will keep entry-level associates at the same pay rate as they have been used to getting.
Target also announced that it is paying a $200 bonus to all its frontline workers in stores and its distribution centers as a thank you for their efforts to get through the early months of the pandemic. The retailer said that the newly-announced bonus, which will be paid at the end of July, is in addition to the $250 to $1,500 bonuses it paid out to 20,000 hourly store team leaders in April.
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