MINNEAPOLIS — Target is offering its employees a $200 million “thank you” for their hard work during a challenging year.

The retailer said Monday that it will pay $500 bonuses to all its hourly employees in stores, distribution centers and at its headquarters and field-based offices. In addition, all store directors, executive team leaders and salaried distribution center leaders (12,000 people in total) will receive a bonus ranging from $1,000 to $2,000. That represents a $200 million investment, according to the company.

Target said the bonuses are part of the $1 billion more this year that the company has invested in the well-being, health and safety of its team members. That investment includes increasing the company’s minimum starting wage increase to $15. It is also part of a series of bonuses the company has paid out to employees in recognition of their efforts during the COVID-19 pandemic. In 2020 the company paid:

• Bonuses ranging from $250-$1,500 to 20,000 store team leads who oversaw individual departments in stores in April
• $200 bonuses to all hourly full-time and part-time team members in stores and distribution centers in July
• Performance bonus for all Store Directors, Executive Team Leaders and salaried Distribution Center leaders in July
• $200 bonuses to more than 350,000 frontline team members by early November, representing an investment of more than $70 million ahead of the holidays.