The 7 Target Paid Holidays 2024: Your Guide To Premium Pay And Eligibility

As of late 2024, Target’s commitment to its Team Members (TMs) remains a key focus, especially when it comes to compensation for working on major national holidays. The retail giant continues to recognize a core set of days that qualify for enhanced pay, ensuring that those who staff the stores, distribution centers, and headquarters during these peak times are properly compensated. The good news for hourly workers is the consistent policy of Holiday Premium Pay, which provides a significant wage increase for hours worked on these specific days. This guide breaks down the official 2024 Target paid holiday schedule, the dates, and the pay structure you need to know.

The distinction between "paid holidays" and "premium pay" is crucial for Target employees. While salaried (exempt) leaders typically receive a set amount of paid time off (PTO) for these days, hourly (non-exempt) team members primarily benefit from the time-and-a-half wage rate when they are scheduled to work. Understanding which days qualify for this premium rate is essential for planning your schedule and maximizing your earnings in 2024.

The Official 7 Target Recognized Holidays for Premium Pay in 2024

Target officially recognizes a specific list of national holidays that qualify for its enhanced pay structure, known as Holiday Premium Pay. This is the definitive list of days in 2024 where all Team Members who work will receive 1.5 times their normal hourly rate (time-and-a-half). These holidays are consistent year over year, providing a reliable schedule for enhanced earnings.

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• New Year's Day: Monday, January 1, 2024
• Memorial Day: Monday, May 27, 2024
• Juneteenth: Wednesday, June 19, 2024
• Independence Day (4th of July): Thursday, July 4, 2024
• Labor Day: Monday, September 2, 2024
• Thanksgiving Day: Thursday, November 28, 2024
• Christmas Day: Wednesday, December 25, 2024

It is important to note that while Target stores are closed on Thanksgiving Day and Christmas Day, the premium pay policy still applies to any eligible team members who may be working in a distribution or supply chain role, or those involved in limited store activities.

Deep Dive into Target's Holiday Pay Structure

The compensation structure for holidays at Target is divided into two primary categories: Holiday Premium Pay and Paid Holiday Time (PTO). Understanding the difference and your eligibility for each is key to managing your benefits.

1. Holiday Premium Pay (1.5x Wage)

This is the most direct and widely applicable holiday benefit for the majority of Target’s workforce.

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• What It Is: A wage rate of one and a half (1.5) times your regular hourly pay for all hours worked on the recognized holiday.
• Who Is Eligible: All hourly (non-exempt) Team Members, regardless of full-time or part-time status, receive Holiday Premium Pay if they work on one of the seven recognized holidays listed above.
• The Intent: This policy is designed to reward team members who commit to working during high-demand or traditionally family-focused national holidays.

2. Paid Holiday Time (PTO)

Paid Holiday Time is a separate benefit that provides a set number of paid hours for the holiday, regardless of whether you work that day. This benefit is generally reserved for specific employee classifications.

• Who Is Eligible: This benefit is typically for salaried (exempt) Team Leaders, Executive Team Leaders (ETLs), and other salaried corporate positions.
• Non-Exempt Eligibility: While the primary benefit for hourly TMs is the 1.5x Premium Pay, some long-term or regular hourly TMs who consistently average a certain number of hours (e.g., over 20 or 28 hours per week, depending on internal policy) may be eligible for a set number of PTO hours (often 8 hours) for the holiday, in addition to the Premium Pay if they work. This specific eligibility should always be confirmed with the internal Team Member Services or the current benefits guide.

Navigating Key Holiday Shifts: Thanksgiving and Black Friday

Target’s approach to the critical holiday shopping season, particularly Thanksgiving and the subsequent Black Friday, has evolved significantly in recent years. This shift directly impacts the team member holiday schedule and pay.

Thanksgiving Day Closure and Pay

Target has made the permanent decision to keep its stores closed on Thanksgiving Day. This decision was initially a temporary measure but has become a permanent staple of the company's holiday strategy.

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• Store Team Members: Most hourly store TMs will not be scheduled to work on Thanksgiving Day (November 28, 2024), meaning they will not receive the 1.5x premium pay unless they are in a role that requires them to be on-site (e.g., security, limited management).
• Supply Chain/Distribution: Team Members in Target’s supply chain and distribution centers often remain operational and are eligible for the 1.5x premium pay for working on Thanksgiving Day.

Black Friday and Holiday Season Pay Enhancements

While Black Friday itself is not one of the seven recognized paid holidays, Target has historically offered additional incentives during the peak holiday season. These can include temporary pay increases or bonuses during specific "Black Friday" weekend periods or the entire holiday quarter. These seasonal incentives are separate from the official Holiday Premium Pay and are subject to annual announcements, so team members should watch for official communication as the season approaches to maximize their earnings.

Understanding Eligibility and Time Off Benefits

Beyond the seven premium pay days, Target offers a comprehensive package of time off benefits that team members can utilize throughout the year. These benefits, when combined with the holiday pay policy, provide significant flexibility and financial security.

Paid Time Off (PTO) and Sick Leave

Target provides eligible team members with paid time off (PTO) and paid sick leave, allowing for flexibility and time away from work for various personal needs. The exact accrual rate for PTO varies based on employment status (full-time, part-time) and tenure. Team members can use accrued PTO to cover shifts around holidays, effectively creating a longer break without loss of income, or to cover days that do not qualify for Holiday Premium Pay.

Vacation Accrual and Management

Vacation time at Target is considered a key benefit, encouraging work-life balance. For non-exempt team members, vacation time accrues with hours worked. It is crucial for team members to regularly check their accrued vacation balance through the internal Team Member Services Hub to plan for extended time off. Note that vacation accrual and holiday pay are separate benefits, though they can be used in combination to manage time off during the year.

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