Applauding team members for always going the extra mile, Target recently announced that it was raising its minimum hourly wage to $11 this October.
In a corporate article, the second-largest discount store retailer in the U.S. said the raise was the company’s way of recognizing the efforts of its workers in putting their skills and expertise to work in creating new and exciting experiences for shoppers and in supporting their communities. What’s more? Target also announced plans to increase the minimum hourly wage to $15 by the end of 2020.
“Target has a long history of investing in our team members. We care about and value the more than 323,000 individuals who come together every day with an absolute commitment to serving our guest,” CEO and chairman Brian Cornell stated. “We’ve always offered market-competitive wages to our team members. With this latest commitment, we’ll be providing even more meaningful pay, as well as the tools, training and support our team needs to build their skills, develop professionally and offer the service and expertise that set Target apart.”
Current team members are not the only ones who will benefit from the pay increases, but temporary seasonal team members will benefit, as well. Target is expected to hire approximately 100,000 seasonal team members this year for the fast-approaching holiday season.
For more ways in which Target is investing in its team members, take a look at the graphic below: