But the retail chain isn’t stopping there. Company officials are promising that the pay will be increased to $15 by 2020.
Target is answering Walmart's pay increase last year to $10 an hour, Reuters reported.
Target has promised that the minimum pay rate will apply to 100,000 temporary workers it will hire for the holiday shopping season, CNBC reported.
Currently, Target employs 323,000 people at more than 1,800 stores.
Earlier this year, Sen. Bernie Sanders introduced a bill that would raise federal minimum wage to $15 an hour. The current federal minimum wage is set at $7.25 an hour.
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