Target Corp. is reportedly planning to hire around 1,00,000 seasonal workers which is lesser as compared to its previous hiring records of last year. The American retailer is looking to gear up for the holiday and festive season at times when the market struggles with labor availability.
Target will offer working hours to the existing employees this festive season, adding around USD 75 million in their payslips. The announcement comes as various U.S. companies are looking to retain workers using relevant appraisals and higher incentives.
It is worth noting here that Target had hired 1,30,000 workers in 2019-20 as well as increased the minimum wage to USD 15. It was one of the few retailers to have witnessed a positive holiday season last year, with sales soaring by 17.2%.
Target’s successful holiday season last year can be credited to substantial improvements in its online business, which helped it acquire a prominent market share from other brick and mortar competitors.
The retail corporation is also planning to triple the number of store fulfillment expert roles to better support the in-store pickup facility as well as its personalized service in which store employees deliver orders directly to customer vehicles.
Reportedly, department store Macy's Inc. is also hiring a large number of workers. Meanwhile, Walmart is expanding its supply chain division by bringing in around 20, 000 workers ahead of the holiday season, which begins one day after Thanksgiving and ends in early January.
Speaking of Walmart, the world’s largest retailer and its Indian e-commerce platform Flipkart has signed an MoU with the Department of Micro, Small, and Medium Enterprises in the state of Tamil Nadu. The duo intends to develop long-term cooperation to provide substantial capacity-building support.
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