Target to invest $300M in workers, expanding health benefits

Target plans to invest $300 million into its workers to boost wages and benefits, including expansion of health plan benefits, Bloomberg reported Feb. 28. 

For employees who average at least 25 hours of work per week, Target will offer medical plans, expanding eligibility from the previous requirement that they average 30 hours a week. Workers will also be eligible for health plans three to nine months faster than before, depending on their position. 

New employees will also be paid as much as $24 an hour depending on the local market and position, although the minimum starting wage of $15 an hour will not change.

Target is the eighth-largest retail chain in the U.S, with more than 350,000 employees. Around 75 percent of the U.S population lives within 10 miles of a Target store, according to Fortune.

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