Life’s about to get a little sweeter for a lot of people in red shirts.
National retail chain Target plans to raise its minimum wage to $10 per hour across the board.
Though it hasn’t made an official announcement yet, several sources have confirmed the decision, according to an exclusive Reuters report.
Whether you already work at Target or are interested in a retail job, here’s what you need to know.
Should You Work at Target?
The new $10 per hour wage comes on the heels of a similar decision by Walmart.
Neither comes close to Costco’s $13.50 entry-level wage, but it’s certainly a step in the right direction.
We’ve already written about Target warehouse workers who earn $19.40 an hour, and according to Reuters’ sources, Target employees who already earn $10 per hour may also see their wages increase.
“Such workers will be entitled to an annual merit raise and a pay-grade hike, which is related to experience and position of the employee,” Reuters reports.
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Your Turn: Will you apply to Target?
Susan Shain, senior writer for The Penny Hoarder, is always seeking adventure on a budget. Visit her blog at susanshain.com, or say hi on Twitter @susan_shain.