Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
The Minneapolis-based discount retailer said Monday that it will adopt minimum wages that range from $15 to $24 an hour, with the highest pay going to hires in the most competitive markets. It currently pays a universal starting wage of $15 an hour.
“The market has changed," said Target CEO Brian Cornell in an interview with The Associated Press. ”We want to continue to have an industry-leading position.”
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Target boosts its starting pay for some jobs to $24 an hourTarget’s move comes amid an ongoing worker shortage in the retail industry, partly triggered by the pandemic, as companies across the board struggle to retain and hire more workers.
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Target could raise workers pay up to $24 an hour this yearWorkers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is tough, could see starting wages as high as $24 an hour this year.
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