Target to raise starting minimum wage to $15 beginning July 5

National and World

Employees are also getting a $200 bonus

(Getty)

(WKBN) – Target announced Wednesday that it is raising its starting minimum wage for employees to $15 per hour beginning July 5.

They are also giving front-line employees in stores and distribution centers a $200 bonus for providing essential services to customers through the coronavirus pandemic.

The company said it is investing $1 billion more than last year in the well-being and safety of employees.

The investment includes increased wages, paid leaves, bonus payouts, personal protection equipment and a donation to the Target Team Member Giving Fund.

Target had earlier committed to reaching the $15 per hour increase by the end of 2020. Over the past three years, the company has raised minimum wages by $1 every year from the base minimum pay of $11 per hour.

A $2 temporary wage increase was implemented in March due to the coronavirus pandemic and extended twice, company officials said.

Employees are also being provided free virtual healthcare visits.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.