Target raises minimum wage to $11/hour in time for holiday hiring

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Target raises minimum wage to $11/hour in time for holiday hiring
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Target is raising its minimum hourly wage for all team members to $11 in October, the discount retailer announced Monday. It also plans to increase the minimum hourly wage to $15 by the end of 2020.

Target raises its minimum wage

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The pay hike comes just in time for the holidays and will apply to the more than 100,000 hourly team members that Target is hiring for the holiday season.

This move is being made to help Target recruit and retain strong employees to provide excellent customer service.

“Target has a long history of investing in our team members. We care about and value the more than 323,000 individuals who come together every day with an absolute commitment to serving our guest,” said Brian Cornell, CEO and chairman of Target. “Target has always offered market competitive wages to our team members. With this latest commitment, we’ll be providing even more meaningful pay, as well as the tools, training and support our team needs to build their skills, develop professionally and offer the service and expertise that set Target apart.”

Target moved to a $10 minimum hourly wage in 2016. A minimum hourly wage of $11 is higher than the minimum wage in 48 states and matches the minimum wage in Massachusetts and Washington.

The federal minimum wage is $7.25 per hour and hasn’t increased since July 2009.

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Mike Timmermann About the author:
Michael Timmermann paid off his mortgage in two years. Now, he shares his money-saving tips on his blog, Save on Almost Everything.
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