Target Corporate Newsroom: Target To Set New Starting Wage Range And Expand Access To Health Care Benefits To More Team Members

Press release from the Target Corporate Newsroom:

February 28, 2022

These investments are part of Target’s long-standing commitment to investing in its team, and mark a significant milestone in the retailer’s ambitions through Target Forward to accelerate opportunity and equity for its team, partners and guests.

These investments are part of Target’s long-standing commitment to investing in its team, and mark a significant milestone in the retailer’s ambitions through Target Forward to accelerate opportunity and equity for its team, partners and guests.

Target Corporation (NYSE: TGT) today announced another milestone in its long-standing commitment to its team: plans to set a new starting wage range and expand access to health care benefits for its team members and their families. These expanded offerings help advance key portions of the company’s Target Forward strategy that aim to create equity and opportunity for Target’s team, partners and communities.

“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,” said 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.”

With these enhancements to Target’s robust pay and benefits package, the retailer will invest up to $300 million more in its team in the year ahead.

New Starting Wage Range

Target led the retail industry by announcing in 2017 that it would raise its starting wage to $15 per hour, hitting the milestone nearly two years ago. The company is now taking its next meaningful step by setting a new starting wage range from $15 to $24. The new approach will apply to hourly team members working in Target stores, supply chain facilities and headquarters locations, positioning Target as a wage leader in every market where it operates. The exact starting wage within the range will depend on the job and the local market, with market-level wages set by the retailer based on industry benchmarking, local wage data and more.

This press release was produced by the Target Corporate Newsroom. The views expressed here are the author’s own.