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Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
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Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
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Target announces some good news for its employees this week. The Minneapolis, Minnesota headquartered retail chain said on Tuesday, Oct. 5, that it will be paying an extra $2 an hour to staff who will work on peak day shifts this holiday season.
According to CNBC, the additional hourly wage will apply to Target store outlet workers and service center staff who will go to work on weekends (Saturdays and Sundays) starting Nov. 20 to Dec. 19. Those who will also take shifts on Christmas Eve and the day after Christmas (Dec. 26) are also eligible for the extra pay.
Target will also include some select employees working in the company’s headquarters. The retailer said that the added pay is one way it is compensating its team members during its busiest holiday moments.
“This team continues to be at the heart of our strategy. You have shown up consistently for our guests and one another with a tremendous amount of care and we know this busy holiday season will be no different,” Melissa Kremer, Target’s chief human resources officer, said in a note directed to Team Target and posted in a blog post on Tuesday.
Kremer went on to say, “This is just one more way of expressing our deep gratitude for your significant contributions. Thank you for the many ways you bring joy to all families and for all you do to make Target a place where we can care, grow and win together.”
At any rate, the current minimum pay at Target is $15 per hour, so those who will take the busiest shifts this holiday will get $17 an hour. The offer was made as the company is aware that the peak season requires more workloads plus workers will miss moments to celebrate as they prefer to work.
Finally, Market Watch further mentioned that Target is also hiring 100,000 seasonal workers this year and looking to add 30,000 for various roles in its supply chain. In this tight labor crunch, the company is offering various perks to lure applicants and retain existing staff.
