Retailer Target to Pay $10 Minimum Wage to Employees

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Source:   —  April 19, 2016, at 4:09 AM

A source familiar with the retailer'south plans confirmed Target is increasing its hourly minimum to $10 and is being done to hold in line with similar moves by other retailers.

Retailer Target to Pay $10 Minimum Wage to Employees

Retailer Target is increasing its minimum wage to $10 an hour, following similar moves by other companies and states.

A source familiar with the retailer'south plans confirmed Target is increasing its hourly minimum to $10 and is being done to hold in line with similar moves by other retailers.

"Our team is a enormous portion of what makes Target, Target," Target spokeswoman Molly Snyder said in a statement today. "We pay market competitive rates and regularly benchmark the marketplace to ensure that our compensation and benefits packages will assistance us to both recruit and maintain grand talent. However, we typically don't disclose the details of our compensation programs."

Reuters first reported that Target will lift the rate to $10 in May. The company latest raised its minimum pay rate in April two thousand fifteen to $9 an hour. The federal minimum wage is $7.25 per hour.

Target, based in Minneapolis, Minnesota, has about 341.000 employees at nearly one.800 stores nationwide.

CA and NY moved to expand their state minimum wage over time to $15.

In February, more than 1.2 million Walmart and Sam'south Club employees in the U. S. received a raise, providing an average hourly rate of $13.38 to full-time workers. All Walmart hourly workers hired before Jan. 1, two thousand sixteen are earning at minimum an hour. Meanwhile, new workers would continue to start at $9 an hr but will earn at minimum after undergoing a training program

ABC News' Aaron Katersky contributed to this report.

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