Tuesday, October 21, 2025
spot_img

Target to pay $500 bonus to workers as ‘thank you’ for work amid COVID-19 Pandemic

spot_img
- Advertisement -

Target to pay $500 bonus to workers as ‘thank you’ for work amid COVID-19 Pandemic

Retail-giant Target is spending about $200 million on another round of bonuses to show gratitude to its employees for their hard work during a trying year plagued by the coronavirus pandemic. 

Target announced the bonuses will go to its more than 375,000 frontline team members who work at stores, distribution centers, its headquarters, and field-based offices. The retailer will give $500 bonuses to all hourly workers and bonuses of $1,000 to $2,000 to store directors and other leadership positions. 

“We’re so proud of our team. They’re the heart and soul of Target, showing up for one another and our guests—and making Target a safe and easy place to shop and work. And never has their dedication, resiliency, care and compassion been more appreciated during the pandemic,” Target said in a press release. 

The move marks the fifth time Target has issued bonuses over the duration of the pandemic. 

In July, Target gave $200 bonuses to all hourly full-time and part-time front-line staff in stores and distribution centers in July. Then in October, 350,000 front line workers received $200 bonuses. 

The retailer said it has spent $1 billion more on employee benefits and pay in 2020 than in 2019 and in July ramped up plans to raise starting wages to $15 an hour. 

Target said it will extend coronavirus benefits through this year, which includes pay for those who are required to stay home due to illness, providing free access to virtual doctor visits and free backup care for employees’ family members.

Subscribe to our Daily Newsletter!

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Accenture Q1FY25: Hiring 80,000 in India, 4-5 lakh IT sector jobs in 2025

Accenture has announced impressive results for the first quarter,...

Swiggy Introduces ‘Paw-ternity’ Policy for Pet Parents

An Indian online food ordering and delivery platform, Swiggy...

Centre to pay PF share of employer, employee till 2022

According to ANI report, Union Finance Minister, Nirmala Sitharaman...

Elgi Equipments appoints Nitesh Jain as Chief HR Officer

A global air compressor manufacturer, Elgi Equipments Limited has...

Tanvi Saxena Joins as Global Talent Acquisition at Microsoft

Microsoft has appointed Tanvi Saxena, an experienced HR professional,...

Almonds AI Workforce Expansion Strategy; Hiring for FY25

Almonds AI, a leading player in the artificial intelligence...

Hero Vired appoints Satyajit Menon as SVP & Head- Human Resources

Hero Vired, an Ed-Tech company by the Hero Group,...

Talent Strategy goes Digital- What Tomorrow holds for Firms

As the world today moves closer to complete digitization,...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/