Target Corp. is giving its 350,000 frontline employees another bonus — just as the holiday shopping season kicks in.
The discounter announced it will give a $200 bonus to hourly workers in its stores and distribution centers, including seasonal hires, with the payout by early November. Hourly employees who support Target’s contact centers will also receive the bonus.
The new bonus represents an investment of more than $70 million. It’s also the fourth time Target has recognized its frontline employees with bonuses in 2020.
Target noted that the latest bonus comes on top of several increases in its pay and benefits, including increasing its minimum wage to $15 per hour in July. Including the newest round of bonuses and pay increase, Target said it has spent nearly $1 billion this year on investments in its employees well-being, health and safety.
“In a year like no other, I’m proud of what this team has accomplished and grateful for the care and connection they’ve provided our guests and communities,” said Melissa Kremer, Target’s chief HR officer. “Target’s success this year is a direct result of our team members turning our purpose into action and meeting our guests’ changing needs day after day.”