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Target gives raises, bonuses to employees during coronavirus pandemic

Target announced it will invest more than $300 million in added wages, a new paid leave program, bonus payouts and relief fund contributions.
Credit: Scott Olson
CHICAGO - JULY 18:Heightened concerns that energy prices are slowing consumer spending helped to drag shares of Target down today for their biggest one-day percentage slide in eight months. (Photo by Scott Olson/Getty Images)

GREENSBORO, N.C. — Target announced Friday it will invest more than $300 million in added wages, a new paid leave program, bonus payouts and relief fund contributions in an effort to support its team members thorough this coronavirus outbreak.

All full-time and part-time hourly team members who work in stores and distribution centers will receive a $2-per-hour wage increase through at least May 2, the company said on its website. Target is also offering up to 30 days paid leave for U.S. team members who are 65 or older, pregnant or who have underlying medical conditions.

“With each passing day, it’s clearer how indispensable our team is to communities across the country as our guests cope with the coronavirus,” Target CEO Brian Cornell said. “Increasing their compensation for a job incredibly well done and ensuring continued compensation for those who need to care for themselves and their families is a reflection of our company’s values and simply the right thing to do.”

Target said it is not only giving to its employees but to the communities it serves.

 “Families across the country are counting on Target in so many ways during this pandemic, and our team has been nothing short of remarkable,” Cornell said. “The commitments we’re making today will provide additional resources for our most valuable asset—our team—and additional contributions will help support the critical work of our partners in communities impacted by the coronavirus.”

The company said that for team members and communities that need extra resources, Target and the Target Foundation will be giving $10 million to expand relief and assistance to team members, and local, national and global organizations responding to the pandemic.

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