Target giving all hourly workers $500 bonus after 'a year unlike any other'

https://thehill.com/business-a-lobbying/business-a-lobbying/535953-target-giving-all-hourly-workers-500-bonus-after-a-year-unlike-any-other

 

By Cameron Jenkins - 01/26/21 03:22 PM EST

 

Target announced on Monday that it will give all of its hourly workers a $500 bonus as a thank-you for their efforts amid the coronavirus pandemic.

"To show our gratitude as we wrap a year unlike any other, Target is giving $500 bonuses to all hourly team members in stores, distribution centers and our headquarters and field-based offices," the retailer said in a press release.

Store directors and other salaried leaders at the company will also be getting bonuses ranging between $1,000 and $2,000, according to the release.

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This will mark the fifth time the retail giant has recognized its employees with a monetary thank-you since the beginning of the pandemic.

The company also said that it has committed to moving to a $15 starting wage, according to the release.

In July 2020, Target began to increase employees' minimum wage from $13.

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