How Much Does Target Pay?

2018-08-21

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Target is a multinational retail corporation headquartered in Minneapolis, Minnesota, United States. Founded in 1902 as the Dayton Dry Goods Company, it is the eighth-largest retailer in the United States, and a component of the S&P 500 Index.

Target employs over 340,000 people worldwide, and offers a variety of jobs, including retail sales, customer service, and management positions. The company is known for its competitive compensation and benefits package, which includes health insurance, dental insurance, and a 401(k) retirement plan with a company match.

So, how much does Target pay? The answer to that question depends on a number of factors, including the employee's job title, experience, and location. However, we can provide some general information about Target's pay rates.

how much does target pay

Here are 8 important points about how much Target pays:

Competitive compensation
Based on job title
Experience considered
Location matters
Regular pay raises
Bonuses and incentives
Comprehensive benefits
401(k) with company match

Target is a great place to work, and the company offers a competitive compensation and benefits package to its employees. If you're looking for a job with a company that values its employees, Target is a great option.

Competitive compensation

Target offers competitive compensation to its employees, which means that their pay rates are comparable to or higher than those offered by other similar companies in the same industry and geographic location.

Base pay: Target pays its employees a competitive base salary or hourly wage, depending on the position.
Bonuses: Target offers bonuses to its employees based on individual and team performance, as well as company-wide profitability.
Incentives: Target also offers incentives to its employees, such as commission for sales associates and shift differentials for employees who work evenings or weekends.
Benefits: Target offers a comprehensive benefits package to its employees, including health insurance, dental insurance, vision insurance, a 401(k) retirement plan with a company match, and paid time off.

Target's competitive compensation package helps to attract and retain top talent, and it is one of the reasons why Target is a great place to work.

Based on job title

The amount that Target pays its employees is based on a number of factors, including the employee's job title. Some job titles at Target pay more than others, based on the level of responsibility, skill, and experience required for the position.

For example, store managers typically earn more than cashiers, and team leads typically earn more than regular team members. Additionally, specialized positions, such as pharmacists and optometrists, typically earn more than general merchandise employees.

Here are some examples of Target job titles and their average hourly wages, according to Indeed.com:

Store manager: $26.00
Team lead: $18.00
Cashier: $15.00
Guest service associate: $14.00
General merchandise team member: $13.00

It is important to note that these are just averages, and the actual salary or hourly wage that a Target employee earns may vary depending on their experience, location, and performance.

Overall, Target offers competitive compensation to its employees, and the amount that they pay their employees is based on a number of factors, including the employee's job title.

Experience considered

Target takes into account an employee's experience when determining their pay. Employees with more experience typically earn more than those with less experience, as they are able to bring more skills and knowledge to their roles.

Entry-level positions: Entry-level positions, such as cashier or general merchandise team member, typically require little or no experience. These positions typically pay the lowest wages at Target.
Mid-level positions: Mid-level positions, such as team lead or guest service associate, typically require some experience in the retail industry. These positions typically pay more than entry-level positions.
Senior-level positions: Senior-level positions, such as store manager or department manager, typically require several years of experience in the retail industry. These positions typically pay the highest wages at Target.
Specialized positions: Specialized positions, such as pharmacist or optometrist, typically require a specialized degree or certification. These positions typically pay more than general merchandise positions, even at the entry-level.

Overall, Target offers competitive compensation to its employees, and the amount that they pay their employees is based on a number of factors, including the employee's experience.

Location matters

The amount that Target pays its employees can also vary depending on the location of the store. Target stores in major metropolitan areas, such as New York City or Los Angeles, typically pay higher wages than stores in smaller towns or rural areas.

Cost of living: The cost of living in a particular area is a major factor that Target considers when setting wages. Target stores in areas with a high cost of living typically pay higher wages than stores in areas with a low cost of living.
Competition for labor: Target also considers the competition for labor in a particular area when setting wages. Target stores in areas with a tight labor market typically pay higher wages than stores in areas with a loose labor market.
Unionization: Target stores in areas where the workforce is unionized typically pay higher wages than stores in areas where the workforce is not unionized. This is because unions are able to negotiate higher wages and benefits for their members.
Minimum wage: Target also has to comply with the minimum wage laws in each state and locality where it operates. Target stores in areas with a high minimum wage typically pay higher wages than stores in areas with a low minimum wage.

Overall, Target offers competitive compensation to its employees, and the amount that they pay their employees is based on a number of factors, including the location of the store.

Regular pay raises

Target offers regular pay raises to its employees, which helps to ensure that their wages keep pace with inflation and the rising cost of living.

Annual reviews: Target employees typically receive annual reviews, during which their performance is evaluated and their pay is adjusted accordingly. Employees who receive positive reviews are typically eligible for a pay raise.
Cost of living adjustments: Target also offers cost of living adjustments (COLAs) to its employees in areas where the cost of living is rising faster than the national average. COLAs help to ensure that Target employees are able to maintain their standard of living.
Merit increases: Target also offers merit increases to its employees who go above and beyond their job expectations. Merit increases are typically given to employees who demonstrate exceptional performance, such as those who consistently exceed sales goals or who receive positive feedback from customers.
Promotion opportunities: Target also offers promotion opportunities to its employees, which can lead to higher pay. Employees who are promoted to higher-level positions typically receive a pay increase.

Overall, Target offers competitive compensation to its employees, and the amount that they pay their employees is based on a number of factors, including regular pay raises.

Bonuses and incentives

In addition to regular pay raises, Target also offers bonuses and incentives to its employees. These bonuses and incentives can help employees to earn extra money and to recognize their hard work and dedication.

Here are some examples of bonuses and incentives that Target offers to its employees:

Sales bonuses: Sales associates can earn bonuses based on their individual sales performance. This can be a great way for sales associates to earn extra money and to be rewarded for their hard work.
Team bonuses: Target also offers team bonuses to its employees. These bonuses are based on the performance of the entire team, and they can be a great way for employees to work together and to achieve common goals.
Holiday bonuses: Target also offers holiday bonuses to its employees. These bonuses are typically paid out around the holidays, and they can be a great way for employees to earn extra money and to celebrate the holiday season.
Referral bonuses: Target also offers referral bonuses to its employees. These bonuses are paid to employees who refer new employees to Target. This can be a great way for employees to earn extra money and to help Target to find new talent.

Overall, Target offers a competitive compensation package to its employees, which includes bonuses and incentives in addition to regular pay raises.

If you are looking for a job with a company that offers competitive compensation and benefits, Target is a great option.

Comprehensive benefits

Target offers a comprehensive benefits package to its employees, which includes health insurance, dental insurance, vision insurance, a 401(k) retirement plan with a company match, and paid time off.

Here are some details about Target's benefits package:

Health insurance: Target offers a variety of health insurance plans to its employees, including medical, dental, and vision insurance. Employees can choose the plan that best meets their needs and budget.
401(k) retirement plan: Target offers a 401(k) retirement plan to its employees, with a company match of up to 5%. This is a great way for employees to save for their future and to retire comfortably.
Paid time off: Target offers paid time off to its employees, including vacation days, sick days, and holidays. This allows employees to take time off for important life events and to maintain a healthy work-life balance.
Life insurance: Target offers life insurance to its employees, which can provide financial protection for their families in the event of their death.
Tuition reimbursement: Target offers tuition reimbursement to its employees, which can help them to pay for college courses and other educational expenses.

Overall, Target offers a comprehensive benefits package to its employees, which can help them to stay healthy, save for the future, and achieve their financial goals.

If you are looking for a job with a company that offers a competitive compensation and benefits package, Target is a great option.

401(k) with company match

Target offers a 401(k) retirement plan to its employees, with a company match of up to 5%. This means that Target will contribute up to 5% of an employee's salary to their 401(k) plan, even if the employee does not contribute anything.

Eligibility: All Target employees are eligible to participate in the 401(k) plan after they have completed one year of service with the company.
Contributions: Employees can contribute up to 75% of their salary to their 401(k) plan, up to the annual IRS limit. Target will contribute up to 5% of an employee's salary to their 401(k) plan, regardless of how much the employee contributes.
Investment options: Target offers a variety of investment options for employees to choose from, including stocks, bonds, and mutual funds. Employees can choose the investment options that best meet their individual risk tolerance and investment goals.
Vesting: Target employees are immediately vested in their own contributions to the 401(k) plan. However, employees are only vested in Target's matching contributions after they have completed three years of service with the company.

Target's 401(k) plan with company match is a great way for employees to save for their future and to retire comfortably. Target's generous company match can help employees to grow their retirement savings quickly and easily.

FAQ

Here are some frequently asked questions about how much Target pays its employees:

Question 1: How much does Target pay per hour?
Answer 1: Target's hourly wages vary depending on the job title, experience, and location of the employee. However, Target pays its employees a competitive hourly wage, and many Target employees earn above the minimum wage.

Question 2: Does Target offer bonuses and incentives?
Answer 2: Yes, Target offers bonuses and incentives to its employees. Sales associates can earn bonuses based on their individual sales performance, and Target also offers team bonuses, holiday bonuses, and referral bonuses.

Question 3: What benefits does Target offer its employees?
Answer 3: Target offers a comprehensive benefits package to its employees, including health insurance, dental insurance, vision insurance, a 401(k) retirement plan with a company match, and paid time off.

Question 4: How often does Target give raises?
Answer 4: Target employees typically receive annual reviews, during which their performance is evaluated and their pay is adjusted accordingly. Employees who receive positive reviews are typically eligible for a pay raise.

Question 5: Does Target offer tuition reimbursement?
Answer 5: Yes, Target offers tuition reimbursement to its employees, which can help them to pay for college courses and other educational expenses.

Question 6: Is Target a good place to work?
Answer 6: Yes, Target is a good place to work. Target offers competitive compensation and benefits, and the company is known for its positive work culture and opportunities for career advancement.

Question 7: How can I apply for a job at Target?
Answer 7: You can apply for a job at Target online or in person at a Target store. Target typically posts job openings on its website and on job boards.

Question 8: What is the Target employee discount?
Answer 8: Target employees receive a 10% discount on all Target purchases, including groceries, clothing, and electronics.

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If you have any other questions about how much Target pays its employees, you can contact Target's human resources department.

In addition to the information in the FAQ, here are a few tips for getting a higher salary at Target:

Tips

Here are a few tips for getting a higher salary at Target:

Tip 1: Apply for jobs that are in high demand.

Target is always looking for qualified candidates to fill open positions. If you apply for a job that is in high demand, you are more likely to get a higher salary.

Tip 2: Get experience in a relevant field.

If you have experience in a relevant field, you are more likely to get a higher salary at Target. For example, if you have experience in retail sales, you are more likely to get a higher salary as a sales associate at Target.

Tip 3: Negotiate your salary.

When you get a job offer from Target, don't be afraid to negotiate your salary. You can ask for a higher salary, and you may be surprised at how much you can get.

Tip 4: Get promoted.

If you want to get a higher salary at Target, one of the best ways to do it is to get promoted. Target offers a variety of opportunities for career advancement, so if you work hard and show your dedication to the company, you can move up the ladder and earn a higher salary.

Closing Paragraph for Tips

If you follow these tips, you can increase your chances of getting a higher salary at Target.

Overall, Target is a great place to work, and the company offers a competitive compensation and benefits package to its employees. If you are looking for a job with a company that values its employees, Target is a great option.

Conclusion

In conclusion, Target offers competitive compensation and benefits to its employees. The amount that Target pays its employees is based on a number of factors, including the employee's job title, experience, location, and performance.

Target also offers bonuses and incentives to its employees, as well as a comprehensive benefits package that includes health insurance, dental insurance, vision insurance, a 401(k) retirement plan with a company match, and paid time off.