Target to Set New Starting Wage Range and Expand Access to Health Care Benefits to More Team Members (2024)

FAQs

Target to Set New Starting Wage Range and Expand Access to Health Care Benefits to More Team Members? ›

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

Physical health

Target offers our eligible team members comprehensive health benefits and programs, which may include medical, vision, dental and more, to help them and their families take care of their whole selves.

Team members are empowered and encouraged to innovate, contribute ideas and discover solutions as an important part of a world-class team. Goals are clear, challenging and designed to develop knowledgeable, imaginative leaders dedicated to helping all of us succeed.

Target announced plans last year to set a new starting wage range from $15 to $24 for hourly team members. However, the retail giant said the exact starting wage would “depend on the job and the local market.”

Target's Paid Time Off policy generally provides 0-10 days off annually, with 74% of employees not expected to work while away from the office. Additionally, Target offers time off for six national holidays and may provide vacation time and personal holidays to employees.

A target benefit plan is a defined contribution money purchase pension plan under which contributions to an employee's account are determined by reference to the amounts necessary to fund the employee's stated benefit under the plan.

67% of employees at Target Corporation say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place To Work® 2021 Global Employee Engagement Study. When you join the company, you are made to feel welcome. I am given the resources and equipment to do my job.

We guide our progress through a team that represents the guests we serve, a working environment where every team member has equitable access to opportunity, a joyful and differentiated shopping experience that meets the evolving needs of our guests, and a focus on supporting thriving and vital communities.

Workday, provider of cloud-based Finance and HR applications, has signed up with Target, the second largest US-based discount retailer. Target will use Workday Human Capital Management (HCM), Workday Payroll, Workday Learning, and Workday Recruiting.

Our team members are at the heart of everything we do at Target, and they help us meet the evolving needs of our guests.

Is Target raising wages to $17 an hour? ›

Target is raising its minimum wage to as much as $24 an hour

The retail giant currently pays a $15 per hour starting wage but said Monday that it would begin paying workers wages ranging from $15 to $24. The starting rate will depend on the job, the market and local wage data, among other factors.

The pay is higher than similar jobs around and you get a raise every year. The actual coworkers there are all really nice and inclusive. In this position you're expected to be able to do everyone else's job and your own at the same time. They don't payout your sick or vacation time if you have any when you leave.

Remember, Target permits an employee to call out once per week. On special occasions that can be twice a week. However, calling out more frequently without a legitimate reason may lead to warnings or disciplinary actions.

Target also suggests that based on Target policy, three absences/tardies within a rolling 90-day period automatically results in a Corrective Action.

In the U.S., employees are commonly hired “at will.” This gives employers, such as Target, the right to fire an employee whenever they want, with or without any reason, as long as the termination is not illegal.

Expanded access: About 20% of Target's team will now be newly eligible for comprehensive health care benefits. Hourly store team members who work a minimum average of 25 hours a week will be eligible to enroll in a Target medical plan, down from the previous requirement of 30 hours per week.

Like our existing team, seasonal team members have access to a robust total rewards program, including a market-leading starting wage (starting wage range from $15-$24 per hour), health and well-being benefits, opportunities for growth and development, flexible schedules, discounts on merchandise and more — in addition ...

Most salaried workers at Target receive an annual bonus, based on Target's performance and the eligible amount set as part of their compensation. This year, the retailer will pay 100 percent of employees' eligible annual bonus amounts for the most recent fiscal year—an increase from 50 percent in the prior year.