But Target realized it needs to have an even more localized approach to wages. The retailer also said that it was able to exceed its goal of hiring 100,000 seasonal workers at its stores and 30,000 in its supply chain network across the country throughout the 2021 holiday season. Target, which has roughly 1,900 stores and 350,000 employees in the U.S., noted that the turnover rate among its employees is now actually lower than before the pandemic. And many of Target’s rivals are now paying a minimum of $15 per hour or more. labor-market dynamics have changed during the pandemic, with many employers facing severe worker shortages. Target set a new marker for the retail industry back in 2017 when it announced it would increase hourly wages to $15 by 2020. ”We want to continue to have an industry-leading position.” “The market has changed,” said Target CEO Brian Cornell in an interview with The Associated Press. The new starting wage range is part of a company plan to spend an additional $300 million on its labor force this year that will also include broader, faster access to health care coverage for its hourly workers It currently pays a universal starting wage of $15 an hour. The Minneapolis-based discount retailer said Monday that it will adopt minimum wages that range from $15 to $24 an hour, with the highest pay going to hires in the most competitive markets. These feeds are for personal use only and are subject to the terms and conditions provide by the news network providing the feed.NEW YORK (AP) - Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
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