Retail

Target raises minimum wage to $15 an hour months before its deadline

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A Target store employee collects shopping carts to bring back into the store on August 21, 2019 in Pembroke Pines, Florida.

Joe Raedle | Getty Images

Target said Wednesday it is raising its minimum wage to $15 per hour and will give all hourly employees a one-time bonus of $200.

The $2 per hour raise will apply to employees at stores and distribution centers, beginning July 5. Target had temporarily raised its wages by $2 an hour in March as coronavirus cases rose. 

The bonuses, which recognize part-time and full-time employees’ work during the pandemic, will be paid out at the end of July, according to the company, which has more than 350,000 employees and nearly 1,900 stores across…



Source cnbc.com

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