Target Raising Starting Pay to as High as $24 Per Hour

Target Raising Starting Pay to as High as $24 Per Hour

Target, the nation's second-largest retail chain, announced it will raise minimum pay for workers from $15 to as high as $24 per hour depending on position and location.

The company says it will invest up to $300 million more to set a new starting wage range and expand access to health care benefits for even more employees and their families.

Target already pays $15 an hour nationwide as its starting salary since 2020.

Target is also reducing the amount of time hourly workers are eligible for healthcare benefits and workers with just 25 hours per week will be able get benefits.

“Our team is at the heart of our strategy and success, and their energy and resilience keep us at the forefront of meeting the changing needs of our guests year after year. We continuously listen to our team members to understand what’s most important to them, then use the feedback to make investments that meet their needs across different career and life stages,” says Melissa Kremer, chief human resources officer, Target. “We want all team members to be better off for working at Target, and years of investments in our culture of care, meaningful pay, expanded health care benefits and opportunities for growth have been essential to helping our team members build rewarding careers.”

Target employs over $350,000 workers nationwide.