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.
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