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Target on Thursday announced it would be giving out $200 recognition bonuses to its employees for their efforts over the past six months.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TGT | TARGET CORP. | 261.72 | -0.07 | -0.03% |
The bonuses will be doled out to all full-time and part-time team members across Target stores and distribution centers, according to the retailer.
Additionally, all U.S.-based headquarters hourly team members who support the company's guest and team member contact centers will also receive a bonus for their efforts, Target said.
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The company aims for the funds to hit employees' wallets as soon as next month, according to Supermarket News.
A cashier places a bag of items in a customer’s shopping cart at a Target store in Chicago on Saturday, Nov. 16, 2019. ( Daniel Acker/Bloomberg via Getty Images / Getty Images) "Our culture, strategy and success would not be possible without our incredible team at the center of it all," Target’s Chief Human Resources Officer Melissa Kremer said in a statement. GET FOX BUSINESS ON THE GO BY CLICKING HERE The latest round of funds amounts to more than $75 million and is part of the company's ongoing efforts to support employees working during the unprecedented global health crisis. The Minneapolis-based company has recognized frontline team members or leaders with bonuses a handful of times during the course of the pandemic with the last one being offered this past January. At the time, the company disclosed that it had already spent $1 billion more in 2020 to support its staff compared to 2019. Aside from its bonuses, the company also raised its starting wage to $15 for all U.S.-based team members. Representatives for Target have not immediately responded to FOX Business' request for comment. Source: Read Full Article