Target Increasing Starting Wages to $24/Hour for Some Jobs & Expanding Health Care Benefits
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Target announced plans to set a new starting wage range for all of its hourly employees and is also planning to expand access to health care benefits for more of its team members and their families.
Target’s minimum starting wage has been $15 per hour for about two years. Now, the onlinepany is setting a new starting wage that will range from $15 to $24 per hour. This will apply to hourly team members working in Target stores, supply chain facilities, and onlinepany headquarters, making Target a wage leader in every market where it operates.
An employee’s starting wage within that $15-$24 range will depend on the job and the local market, with pay set by the retailer based on industry benchmarking, local wage data, and other relevant factors.
Beginning in April with its new benefits cycle, Target also will also offer faster access to health care coverage for its hourly team members, in addition to new and enhanced benefits. These changes include:
- Expanded access to health care benefits. Hourly store team members who work a minimum average of 25 hours a week (previously 30) will now be eligible to enroll in a medical plan.
- Reduced enrollment waiting periods. Depending on their position, eligible team members can now access onlineprehensive health care benefits three to nine months sooner than in previous years.
- Enhanced benefits. Target will provide additional benefits, including virtual physical therapy at no cost, enhanced fertility benefits, and other new wellness offerings under most of its medical plans.
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. – Melissa Kremer, chief human resources officer, Target
Under Target’s new onlinepensation package, team members also will gain faster access to 401(k) plans. This announcement builds upon other recent improvements that Target has made to its pay and benefits, including the following perks:
- A debt-free education assistance program with access to more than 40 schools and 250+ business-aligned programs.
- Access to health care for all team members via virtual doctor visits and mental health counseling, as well as online resources to support mental, emotional, and physical well-being.
- Adoption and surrogacy reimbursement and paid family leave.
- Access to more stable schedules and one-on-one meetings with team leaders to aconlinemodate team members’ desired hours.
- Ongoing coronavirus benefits, including free backup care for all team members, paid leave, providing all U.S.-based hourly team members with two hours of pay per dose (including boosters) when they get the coronavirus vaccine, and providing all U.S.-based team members with free Lyft rides to get to and from their vaccine appointments.
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