Target on Monday announced it will spend $200 million on another round of employee bonuses.
“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 than during the pandemic,” Target said.
Target is giving $500 bonuses to all hourly team members in stores, distribution centers and our headquarters and field-based offices. In addition, all Store Directors, Executive Team Leaders and salaried Distribution Center leaders (12,000 in total) will receive a bonus ranging from $1,000-$2,000.
“Whether buying groceries or Christmas presents, boosting savings or paying tuition, our team members were personally impacted in different ways by each recognition bonus,” Target said.
— Target News (@TargetNews) January 25, 2021
This is the fifth time Target recognized team members with bonuses for going above and beyond during the pandemic, and that’s on top of our move to a $15 industry-leading starting wage for U.S-based team members, paid leaves, coronavirus benefits and a donation to the Target Team Member Giving Fund. That brings our investment in team members’ health, safety and well-being to $1 billion more in 2020 compared to 2019.
Target will extend our coronavirus benefits into the new year to help our team members and their families navigate the impact of the pandemic. That includes waiving our absenteeism policy for coronavirus-related illness, providing free access to health care through virtual doctor visits for all team members, a 30-day paid leave for vulnerable team members, free backup care to all U.S.-based team members, mental health support through free counseling sessions, and more.