With a tight labor market among retail employees, Target is stepping up its game. Target announced it is expanding its hourly pay range from $15 to as high as $24, making it easier to qualify for health benefits for employees working as few as 25 hours a week. This change in health benefits will bring eligibility to approximately 20 percent of its workforce.
The increased hourly pay and access to health benefits are part of Target’s plan to spend up to $300 million to boost employee wages and benefits at stores, supply chain facilities, and corporate offices. Medical plans will include “additional benefits, including virtual physical therapy at no cost, enhanced fertility benefits, and other new wellness offerings.