The rise in the demand for essential commodities has made the business of the likes of Target surge during the COVID-19 outbreak. This has led the retailer to announce a hike in wages by US $ 2 an hour for all part time and full time employees working in stores and distribution centres at least till 2 May.
The Minneapolis-based company employs around 350,000 people and will allocate more than US $ 365 million for increasing hourly wages, handing out bonuses, paid leave and employee relief fund.
The bonuses are being given to 20,000 hourly team leaders who are incharge of store departments and will range from US $ 250 to US $ 1,500.
Other retailers such as Walmart have announced US $ 550 million dedicated to serving the interest of employees at the frontlines during the peak in demand. They will be giving out cash bonuses of US $ 300 to full-time hourly employees and US $ 150 to part-time hourly employees working in stores, offices, supply chain and clubs.
Amazon has also increased its hourly wage by US $ 2 for all those working to fulfill the soaring online sales. In response to increasing demand, Amazon also announced it would be onboarding 100,000 temporary workers, while Walmart is hiring 150,000 workers.