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