Target just boosted its minimum hourly wage to $13 in the latest salvo in the war for retail talent

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Target is raising its minimum starting wage to $13 an hour. By 2020, the company's starting pay will be $15 an hour.

that it is raising its minimum starting pay to $13 an hour, up from $12 an hour. The new minimum wage will take effect in June.to raise starting wages to $15 an hour by 2020.

And it's not just good news for store workers and prospective hires. Target's chief human resources officer Melissa Kremer said in a statement that the company's previous wage increases have given the company a major boost. "Take this past holiday, when we set out to hire 120,000 seasonal team members to support our teams during the big shopping rush," she said in a statement."We were able to start them all at $12 or more — and that helped us reach our seasonal hiring goal ahead of schedule, which gave our teams a lot of extra time to train and prepare for our busiest season of the year. It made a big difference, and our holiday results clearly show what an excellent job they did.

 

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