Target to give employees 4th COVID-19 pandemic bonus

Target is giving over 350,000 employees a bonus in early November. (Alex Wong/Getty Images)

Target is giving its workers another bonus during the COVID-19 pandemic.

The company says more than 350,000 eligible frontline workers will receive a $200 bonus by early November.

The bonus will go to all hourly team members in stores and distribution centers - including season hires - as well as hourly team members working in Target's guest and team member contact centers.

According to Target, the company wanted to thank employees for "extraordinary performance during unprecedented times."

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The payment is part of what target says is an "investment of more than $70 million" to employees ahead of the holiday season.

This bonus payment represents an investment of more than $70 million in our team ahead of the holidays and is part of the nearly $1 billion more this year Target is investing in the well-being, health and safety our team members.

This is the fourth time that Target has given its employees a pandemic bonus.

In July, the company announced that it would increase the minimum wage to $15.

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