Target announces starting wage of $15 per hour for all employees

Target announced on Wednesday that starting next month it will raise its starting wage to $15 an hour.

Back in 2017, the Minnesota-based retailer pledged to reach the $15 hourly mark by the end of 2020. Target's starting wage was $11 an hour when it made that commitment.

The wage increase is set to go into effect July 5.

On top of the permanent wage increase, Target announced it will pay all of its employees in stores and distribution centers a one-time bonus of $200 at the end of July "to thank them for providing essential services to our guests throughout the coronavirus pandemic."

In March, as retail workers became front-line workers in the COVID-19 crisis, Target announced temporary $2 per hour wage increases for all team members and expanded sick leave, as well as bonus payouts for team leads.