Target doubles bonuses for salaried employees as profits recover

Target plans to double its bonus payments to salaried employees this year, as the company’s profits recover. The annual bonus, based on Target’s performance and the eligible amount set for employees, will now be paid at 100% of the eligible amount, up from 50% last year. The bonus payout is determined by the retailer’s performance against sales and profit goals set at the beginning of the fiscal year. Target expects to pay out the annual cash bonuses in late March, with the maximum payout being 175% of each employee’s eligible bonus amount.