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Target announces bonuses ranging from $500-$2,000 for 375,000 workers

The bonuses are being provided following a booming holiday sales season.

Target announced Monday that it is giving financial bonuses to more than 375,000 employees who have spent the past year working in a public setting while surrounded by the ongoing threat of the coronavirus. 

The bonus will see $500 paid to all hourly Target employees who work in stores, distribution centers, Target headquarters and field-based offices. In addition, a bonus ranging between $1,000 and $2,000 will be paid to all store directors, executive team leaders and salaried leaders at distribution centers. 

That's a total of approximately $187 million going to hourly employees and between $12 million and $24 million to directors and other company leaders. 

Bonus checks are being issued following a booming holiday sales season. Target announced earlier this month that its online/digital sales grew 102% in November and December, with huge increases seen in drive-up sales and order pick-up. 

Overall, Target's sales in November and December grew by 17.2%. 

The retailer paid a series of bonuses to workers who were manning its stores and distribution centers during the outbreak of the pandemic last year, as well as increasing hourly pay to $15 earlier than planned.

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