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. 

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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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