Target announced on Monday that it will give all of its hourly workers a $500 bonus as a thank-you for their efforts amid the coronavirus pandemic.
"To show our gratitude as we wrap a year unlike any other, Target is giving $500 bonuses to all hourly team members in stores, distribution centers and our headquarters and field-based offices," the retailer said in a press release.
Store directors and other salaried leaders at the company will also be getting bonuses ranging between $1,000 and $2,000, according to the release.
"We're so proud of our team. They're the heart and soul of Target, showing up for one another and our guests — and making Target a safe and easy place to shop and work. And never has their dedication, resiliency, care and compassion been more appreciated than during the pandemic," Target said in the release.
This will mark the fifth time the retail giant has recognized its employees with a monetary thank-you since the beginning of the pandemic.
The company also said that it has committed to moving to a $15 starting wage, according to the release.
In July 2020, Target began to increase employees' minimum wage from $13.
Target said that since the pandemic began it has invested $1 billion more into its employees' well-being, health and safety. It also committed to extending coronavirus benefits throughout this year, providing 30-day paid leave to vulnerable team members and providing free virtual doctor visits for all employees.