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Target to spend $300 million more in next year improving wages and healthcare -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This sign is outside Target’s store in Arvada Colorado, January 10, 2014. REUTERS/Rick Wilking

(Reuters). – Retailer Target Corp (NYSE: ) announced Monday that it will spend $300 million more to improve starting salaries and health care for its large workforce. It wants to remain a desirable workplace in an extremely competitive U.S. labor market.

Over the last several months, restaurants and retail stores have faced worker shortages. These problems have only been made worse by Omicron coronavirus. Restaurants have offered raises to staff in an effort to keep them happy and their businesses operating smoothly.

Target has a new starting pay range for its warehouse workers at $15-$24 an hour. Target had over 350,000 employees as of September. Prior to this, the starting wage for Target employees was $15 an hour.

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