09:10 AM EDT, 03/21/2024 (MT Newswires) -- Target ( TGT ) is planning to pay 100% of employees' eligible 2023 bonuses, up from 50% the previous year, Bloomberg reported Thursday, citing unnamed sources familiar with the situation.

Senior executives would have a separate bonus structure, while hourly employees are not covered by the increased payouts, the report added, citing the people.

The company will pay cash bonuses at the end of this month, the report said.

"The bonus structure is informed by goals set at the beginning of the fiscal year and includes sales performance and profit outcomes," Bloomberg quoted a Target ( TGT ) spokesperson as saying.

Target ( TGT ) did not immediately respond to MT Newswires' request for comment.

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