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Target employees are getting a pay bump as starting wage rises to $12 per hour

In an effort to reach an hourly minimum wage of $15 by the end of 2020, Target just raised its starting minimum wage to $12 an hour for all team members. The wage is higher than the state-level minimum wage in all 50 states. The move comes amid the U.S. retailer’s $7 billion investment in a turnaround strategy. … Continue reading “Target employees are getting a pay bump as starting wage rises to $12 per hour”

Target employees are getting a pay bump as starting wage rises to $12 per hour
[Photo: courtesy of Target]

In an effort to reach an hourly minimum wage of $15 by the end of 2020, Target just raised its starting minimum wage to $12 an hour for all team members. The wage is higher than the state-level minimum wage in all 50 states.

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The move comes amid the U.S. retailer’s $7 billion investment in a turnaround strategy. With 1,822 stores, the mass-market retailer must compete with the likes of Walmart and Costco. The increase to $12 smells a bit like one-upmanship, as it is one dollar per hour higher than Walmart’s starting wage of $11, which was announced in January. Walmart employs 1.5 million people across the country and is the largest private employer in 22 states.

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About the author

Lydia Dishman is a staff editor for Fast Company's Work Life section. She has written for CBS Moneywatch, Fortune, The Guardian, Popular Science, and the New York Times, among others.

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