Initially, these benefits were only available to employees who work an average of at least 30 hours per week. With the new benchmark, about 20% of Target workers will become eligible.
The company is also bolstering most health plans to include virtual physical therapy and acupuncture at no cost, along with more fertility benefits. Employees will also be able to access 401(k) plans earlier, the company said.
Last year, the company announced a partnership with Guild Education — the same company that partnered with Dollywood's parent company — to provide employees with free education programs, including degrees, certificates and boot camps.
What do minimum wage hikes mean for businesses and customers?
Target workers unite, an independent group made up of rank and file company employees, said the "pay rate is probably exclusive for warehouse workers" and that the pay range could mean lower wages in the South.
People who work at Dollywood will soon be eligible for free tuition
Walmart raised its minimum wage to $12 last year and Costco raised its minimum to $17. The federal minimum wage is $7.25 per hour.
More than two dozen states, along with the District of Columbia, Guam and the Virgin Islands, have minimum wages that exceed the federal minimum.
Target announced Monday that it is raising its starting wage for workers in some positions to up to $24.
The Minneapolis-based retailer said the increase will apply to hourly workers at its discount stores, supply chain facilities and headquarters.
Target in 2020 set its minimum wage at $15. That will remain in place, but Target said some workers will qualify for higher starting pay based on the nature of their job and the prevailing competitive wages in their local market.
Target (TGT), which employs more than 350,000 workers and has over 1,900 US stores, said the hike in some starting wages is part of its plan to spend an additional $300 million on its workforce. That investment also includes expanding access to healthcare benefits for hourly workers, beginning in April.
Under the plan, Target’s hourly employees who work a minimum average of 25 hours a week will be eligible to enroll in a company medical plan. That’s down from the previous requirement of 30 hours per week.
Ron Alvey/Adobe Stock
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The retailer is also shortening the waiting period for eligible hourly team members to enroll in a Target medical plan. Depending on their position, employees will be able to get comprehensive health care benefits three to nine months sooner. Employees will also get faster access to 401(k) plans.
The changes come as more retailers and restaurant chains have moved to a $15 an hour minimum rate.
Amazon (AMZN) raised its starting wage to $15 in 2018, while Best Buy (BBY) bumped up its minimum to $15 in 2020. Walmart (WMT), the largest US retailer, said in September that its workers who handle the front end of the store, food and general merchandise units will get at least a dollar an hour increase to $12. The pay raise would cover 565,000 Walmart (WMT) workers.
Target’s move comes amid an ongoing worker shortage in the retail industry, partly triggered by the pandemic, as companies across the board struggle to retain and hire more workers.
Baby formula is offered for sale at a big box store on January 13, 2022 in Chicago, Illinois. Baby formula has been is short supply in many stores around the country for several months.Scott Olson/Getty Images
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“Alongside the health risks, uncertainty and stress of working during a pandemic, many service-sector workers continue to contend with chronically unpredictable and unstable work schedules,” according to a recent report from the Shift Project, a joint venture by Harvard University and the University of California, San Francisco.
Research Summary. Using public government and company data along with information from thousands of job postings, our Zippia data experts have identified a variety of high-earning positions and their average annual salaries. Using that data set, our data scientsts have produced salary estimates for many of the jobs at Target.
Here is a quick overview of our findings for the highest-paying jobs at Target:
Table Of Contents: Background | Table | Methodology | FAQs
Sometimes people know which company they want to work for before they know exactly what job they want to do. If you’d like to work for Target, it helps to have an idea of the highest-paid positions that the company offers. That way, you can see if it’s worth applying.
So, how much do Target employees make? As with any company, Target employees’ salaries can fluctuate depending on their role, level of experience, and geographic location, but there are a few standout jobs that tend to pay more than the rest, on average. Here are some of the top salaries at Target:
Below is a full table of the jobs at Target that pay the most followed by a more detailed explanation of our methodology.
Zippia uses publicly published information from government sources such as the Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC), and the Office of Personnel Management (OPM) to create its salary estimates.
Our data science team also checks job postings and company-published resources for additional up-to-date salary information.
Once they’ve gathered the data, the team calculates a weighted average for each job title they’re estimating a salary for. For more details on our salary estimates, you can see a detailed methodology.
Highest Paying Jobs At Target FAQs