Target is raising its starting pay to up to $24 an hour,
significantly higher than its previous $15 minimum wage.
This change aims to stay competitive with rivals like Amazon and Costco,
although the exact positions and markets affected are undisclosed. In addition,
the company is improving healthcare benefits, reducing the threshold for eligibility
from 30 to 25 hours a week and shortening the waiting period.
Target plans to invest $300 million in enhancing pay and benefits
for its 350,000 employees, a move that could influence other retailers
