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Target Commits to a $15 Minimum Wage by 2020

Target, the nationwide retailer has announced that it will once again raise its' minimum wage for this year and pledges to raise it even further to $15 per hour by the year 2020.

This new investment in its team will allow Target to continue to recruit and retain strong team members and provide an elevated experience for its guests and in the communities it serves. It also should spur other retailers to eventually raise their own wages as the job market gets tighter and tighter.

According to the release, the $11 minimum hourly wage increase this fall will provide pay increases to thousands of team members across the country before the holiday season. This increase will also apply to the more than 100,000 hourly team members that Target is hiring for the holiday season. The commitment to move to a minimum hourly wage of $15 will be implemented between now and the end of 2020.

Target stores employ 160 team members per store on average and offers career advancement opportunities, with one in four of our store leaders having come from hourly positions within a Target store. 

Target currently pays market competitive rates above the federal minimum wage at all stores nationwide. Target’s last major wage increase was in 2016, when the company moved to a $10 minimum hourly wage. A minimum hourly wage of $11 is higher than the minimum wage in 48 states, and matches the minimum wage in Massachusetts and Washington. Additionally, Target offers a variety of schedules to meet the needs of its diverse population and works with its teams to build schedules around their availability. With input from its team members, Target posts store schedules in advance, allows store team members to trade and pick up shifts at their store location, and doesn’t do on-call or snap scheduling at its stores.

Target benefits for its team members include:

  • 10 percent merchandise discount at Target and and an additional 20 percent health and wellness discount on fresh fruits and vegetables, all Simply Balanced products and C9 merchandise.
  • Comprehensive health and wellness programs are available for eligible team members, including healthcare benefits, paid parental leave, paid short-term disability and free access to life resources such as nurse, mental health support, financial counseling and legal services. 
  • The company also offers financial resources for its team members, including Target Credit Union, a dollar-for-dollar 401(k) match for eligible team members, tuition reimbursement for GED, Undergraduate, Graduate and Masters Degrees and tuition discounts at many accredited schools.