Target says it is raising its starting wage for workers in some positions to up to $24. The retailer says some workers will qualify for the higher starting pay based on the nature of their job and the prevailing competitive wages in their local market.
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.
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 plans.The changes come as more retailers and restaurant chains have moved to a $15 an hour minimum rate. Amazon raised its starting wage to $15 in 2018, while Best Buy bumped up its minimum to $15 in 2020.
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