Target, known for offering market-competitive wages to its staff, has announced to further increase the minimum hourly wages to US $ 11 from next month from the current US $ 10 an hour.
The company’s biggest arch-rival Walmart too increased the minimum hourly pay to US $ 10 last year.
The Federal minimum wage is US $ 7.25 per hour, and both the retail giants are offering way more than that.
Target has also reiterated its commitment to making it US $ 15 hourly wage by the end of the year 2020.
A minimum hourly wage of US $ 11 is still higher than the remuneration given in many US states and matches the current base wage in Massachusetts and Washington.
The move will benefit thousands of Target employees across the country. Additionally, the company has already planned to hire over 100,000 staff for the approaching holiday season.
“The investment in team members show that we care about more than 323,000 individuals who come together every day with an absolute commitment to serving our guest,” said Brian Cornell, CEO and Chairman of Target.
