Target boosts its starting pay for some jobs to $24 an hour

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.

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.

Read more: https://www.cnn.com/2022/02/28/business/target-starting-wage-increase/index.html#:~:text=Target%20announced%20Monday%20that%20it,its%20minimum%20wage%20at%20%2415.