Target is making big headlines with the announcement they will be raising their starting wage from $15/hour to $24/hour for select positions.
In a press release from the retailer, “The company is now taking its next meaningful step by setting a new starting wage range from $15 to $24. The new approach will apply to hourly team members working in Target stores, supply chain facilities and headquarters locations, positioning Target as a wage leader in every market where it operates. The exact starting wage within the range will depend on the job and the local market, with market-level wages set by the retailer based on industry benchmarking, local wage data and more.”
Additionally, Target is opening up access to its health care benefits announcing, “Hourly store team members who work a minimum average of 25 hours a week will be eligible to enroll in a Target medical plan, down from the previous requirement of 30 hours per week.”
The wage increase and health care improvements is part of a broader plan by Target in investing up to $300 million into its team member in the coming year.