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Business

Target expands childcare and pays family dependent benefits as dealers fight for talent




On Monday, Target announced that it will strengthen its childcare benefits and extend the paid family vacation for the 350,000th part time and full time employees across stores, distribution sites, and headquarters.

Employee turnover is disruptive to retailers, who are locked in a tight fight to push out sales in stores and online.
Target TGT ) has increased their starting salary to $ 13 an hour and also promised to take it up to $ 15 an hour by the end of 2020. Costco ( COST ) and Amazon ( AMZN ) ] has also moved to $ 1[ads1]5 an hour. Walmart ( WMT ) increased his minimum wage to $ 11 an hour last year, and CEO Doug McMillion hinted last week that Walmart will increase its minimum wage "floor" in the future. The average full-time salary, the hourly salary at Walmart is $ 14.26, according to the company.

"We've taken a strong position on minimum wages, but it's just a facet," Melissa Kremer, Target's chief HR officer, said in prepared comments.

From the beginning of autumn, goalkeepers will receive 20 days of childcare or elderly care through a partner network.

Employees will be able to bring the child to a nursery online for $ 20 a day or pay a subsidized hourly rate for home use.

The target back up childcare plan is similar to Best Buy. Last year, Best Buy ( BBY ) said that employees will receive up to 10 backup days each year for a $ 10 per day intercourse through a partnership with Care. com.

Target will also shift from offering his employees two weeks paid parental leave to a wider policy that gives employees up to four weeks of paid retirement each year to care for a newborn or sick family member. New VAT at Target will receive another six to eight weeks of paid maternity leave.

"We recognize there are many different situations" when employees have to take care of caring for family members, a spokesman for the company said.

The new step of the goal follows Walmart's move last week to expand the educational benefits of high school students.

To recruit high school students, Walmart said that it will pay for free SAT prep, first college credit, and send them to six colleges for $ 1 a day as they graduate from high school. Walmart started offering $ 1 a day college to his workforce last year.

Walmart has also offered steady shifts to workers and expanded profitable performance and training, which has led to sales to a five-year low.

Walmart offers up to six weeks of paid parental leave for full-time hours and another 10 weeks of paid maternity leave for new VAT.



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