Target employees typically receive premium pay, calculated at 1.5 times their regular hourly rate, for working on designated holidays. This additional compensation recognizes the sacrifice employees make by working during these typically non-working days. For example, an employee earning $15 per hour would receive $22.50 per hour while working on an eligible holiday.
Providing premium holiday pay can be beneficial for both employees and the company. For employees, it offers financial incentives to work on days they might otherwise spend with family and friends. For Target, it helps ensure adequate staffing during peak shopping periods associated with holidays, enabling the company to meet customer demand and maintain operational efficiency. This practice has become a standard component of many retail compensation packages, reflecting broader societal recognition of the value of employee time and effort, particularly during holidays.