Target Corp. increases the minimum hourly wages to $ 11, starting next month, and then gradually to $ 15 per hour by the end of 2020. So says a company statement. This will help her more actively recruit, and, most importantly, retain your staff. To date, the company noted a large turnover.
Initiative Target is part of its overall strategy to revive the business. Despite the fact that at first glance, the increase in the minimum patch is a great leap for the company, especially given the fact that the Federal minimum remains at $ 7.25 per hour. Moreover, the main competitor of Target – Walmart pays its employees only $ 10 an hour.
Experts argue that this decision was taken by the company in light of the increasing competition between companies for workers.
