Target To Raise Wages To $12/Hour; CEO Cornell Calls Team ‘Our Biggest Investment’

In the wake of its Q4 earnings report, Target revealed that it is making yet another major investment into its workforce. The company plans to raise starting hourly wages for its employees from $11 to $12 later this spring, and it expects to reach a $15 starting hourly wage by 2020. This comes only six months after Target initially raised its minimum wage to $11 per hour.

In an interview on the CNBC program Power Lunch, Target CEO Brian Cornell said that he wants the big box retailer to “be an employer of choice” for prospective workers.

“I think the biggest investment we have made over the last year and the most important one has been with our team, and our team is ready for the challenge,” said Cornell. “We’ve invested in training and development. We’ve brought in a new operating…