Coronavirus: Target to pay hourly employees $70M-plus in bonuses ahead of holidays

Target to increase starting wage to $15 on July 5

Target announced Monday that its frontline workers will soon receive another bonus – just in time for the holiday – as thanks for keeping the retail giant humming amid a global health crisis.

The company confirmed in a post on its corporate website that more than $70 million in bonuses will be paid by early November, with each of its more than 350,000 hourly employees in stores, distribution centers and contact centers receiving $200 each.

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“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,” Melissa Kremer, Target’s chief human resources officer, said in the corporate statement.

Including the latest round of bonuses, the company stated it has invested nearly $1 billion in its employees' “well-being, health and safety” since the pandemic began, CNBC reported.

The latest round of bonuses is the fourth incentive the company has offered its employees since the novel coronavirus pandemic began, preventing hundred of thousands of frontline workers from working from home. In April, Target gave store team leads bonuses ranging from $250 to $1,500. In July, the retailer permanently increased its starting minimum wage to $15 per hour and gave $200 bonuses to all hourly full-time and part-time workers, The Hill reported.

Target also distributed performance bonuses of varying amounts to store directors, executive team leaders and salaried distribution center leaders in July, CNBC reported.

“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,” Kremer added.

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