The CEO received less incentive pay and a smaller bonus in the tough retail landscape last year.
“On one hand, families began to emerge from the pandemic, resuming traditions and routines that had been delayed or diminished for two years,” Lazano said. “At the same time, families were confronted with new challenges, most notably high inflation. This complicated the return to pre-pandemic norms and forced millions to focus on necessities and alter their shopping habits accordingly.”
The company’s workers, among those stakeholders, saw their starting wage rise to a range of $15 to $24 an hour as Target also expanded “eligibility for health and retirement benefits to another 20 percent of the Target team by reducing wait times and work hours required for enrollment,” Lozano said.
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