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Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
The Minneapolis-based discount retailer said Monday that it will adopt minimum wages that range from $15 to $24 an hour, with the highest pay going to hires in the most competitive markets. It currently pays a universal starting wage of $15 an hour.
The new starting wage range is part of a company plan to spend an additional $300 million on its labor force this year that will also include broader, faster access to health care coverage for its hourly workers
"The market has changed," said Target CEO Brian Cornell in an interview with The Associated Press. "We want to continue to have an industry-leading position."
www.cbsnews.com
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Nice! This is going to raise salaries across the board having these lower paying jobs jump up to match the profits they are making is nothing but a good thing. Sometimes I think Corporations should be like the NFL and MLB where they share there profits with the employees but then it would all turn to robots I am sure....
The Minneapolis-based discount retailer said Monday that it will adopt minimum wages that range from $15 to $24 an hour, with the highest pay going to hires in the most competitive markets. It currently pays a universal starting wage of $15 an hour.
The new starting wage range is part of a company plan to spend an additional $300 million on its labor force this year that will also include broader, faster access to health care coverage for its hourly workers
"The market has changed," said Target CEO Brian Cornell in an interview with The Associated Press. "We want to continue to have an industry-leading position."
Target raises its minimum wage to as much as $24 an hour
Worker shortages around the U.S. during the pandemic have forced retailers to boost their pay.
www.cbsnews.com
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Nice! This is going to raise salaries across the board having these lower paying jobs jump up to match the profits they are making is nothing but a good thing. Sometimes I think Corporations should be like the NFL and MLB where they share there profits with the employees but then it would all turn to robots I am sure....
