People are generally interested in learning how much a company pays for a specific position or how much they can earn at the end of the month or year.
For instance, what does a Target Store Manager earn? Don’t worry, you’ll find the answer to this query in this article.
Let’s talk about Target for a moment.
Target Corporation is a fast-growing general merchandise retailer that sells a wide range of foods, household items, clothes, and electronics.
Their main business approach is to give outstanding value to American consumers through a variety of retail formats, ranging from upscale discount and mid-priced stores to full-service department stores.
So, if you’re wondering how much a target store manager makes, all you have to do is read through the article to receive a full detailed answer.
What Does A Target Store Manager DO?
A Target Store Manager is a professional that is in charge of monitoring the store’s daily operations and ensuring that everything works smoothly and efficiently.
They communicate with their consumers and employees on a regular basis. They are in charge of ensuring that their employees provide excellent customer service as well as monitoring the store’s financial success.
Here are the responsibilities of a target store manager:
- Recruiting, training, supervising, and appraising staff
- Managing budgets
- Maintaining statistical and financial records
- Dealing with customer queries and complaints
- Overseeing pricing and stock control
- Maximizing profitability and setting/meeting sales targets, including motivating staff to do so
- Ensuring compliance with health and safety legislation
- Preparing promotional materials and displays
- Liaising with head office.
How Much Does A Target Store Manager Earn?
According to Glassdoor, Target Store Manager earns approximately $109,133 on average yearly pay in the United States, which is 132% above the national average. Store Manager salaries at Target range from $28,121 – $207,043 per year.
This estimate is based on 208 Target Store Manager salary report(s) submitted anonymously by workers or estimated using statistical techniques.
A Store Manager at Target can expect to earn an average total pay of $119,976 per year after bonuses and other compensation.
You can read this: Target Hiring Process 2022 | Job Application, Interviews, and Employment
What are the Top Highest Paying Cities for Target Store Manager Jobs?
Here are 10 cities where the typical salary for a Target Store Manager job is above the national average.
San Francisco, CA is at the top of the list, with Fremont, CA and San Jose, CA coming in second and third, respectively.
Furthermore, San Jose, CA outperforms the national average by $6,920 (14.2%), while San Francisco, CA outperforms the national average by another $10,328 (21.1%).
With an average salary greater than the national average in the states listed below, the potential for economic advancement as a Target Store Manager appears to be extremely promising.
When considering location and compensation for a Target Store Manager position, the possibility of a cheaper cost of living may be the most important element to consider.
|City||Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
|San Francisco, CA||$59,200||$4,933||$1,138||$28.46|
|San Jose, CA||$55,792||$4,649||$1,073||$26.82|
|Barnstable Town, MA||$53,739||$4,478||$1,033||$25.84|
What are the Factors affecting Salaries?
Here are the factors affecting salaries:
#1. Years of experience
More experience usually equates to higher income – up to a point. Similarly, if the job requires someone with ten years of expertise in a specific field and you don’t satisfy those qualifications, you may find yourself on the bottom end of the pay scale.
If you have slightly more experience than is required, you can emphasize it; if you have too much experience, you may be overqualified.
Your compensation is frequently affected by the match between your education and what is normally required for your employment. Furthermore, the level of schooling has an impact on pay.
Earning a degree from a top program normally has a positive impact on compensation, but a degree from a school that is deemed weak in a certain field may have a negative impact on pay.
#3. Performance reviews
Pay is heavily influenced by performance, particularly incentive pay. Because most employers rely at least some of their pay decisions on individual performance, this is a crucial factor to consider when applying for a raise or promotion.
The greater your discretion and latitude in connection to your company’s performance, the more directly your decisions and actions will impact the bottom line – and your own.
Furthermore, if your boss is higher up the corporate ladder, his or her compensation recommendations are less likely to be overruled throughout review cycles.
#5. Number of reports
In some positions, the more staff you supervise, the greater your salary. Of course, the performance of the personnel you supervise determines your level of success.
#6. Professional associations and certifications
Certifications and participation in professional organizations or trade organizations can boost compensation.
If a position requires a certification that you lack, your compensation may be set at the lower end of the range. Employees without certifications may be required to work toward them by some workplaces.
Also, you can check this: McDonalds Manager Salary in 2022 | Average Annual Income
#7. Shift Differentials
Workers may be required to accomplish duties at less advantageous shift times in various jobs.
This is because of the higher social and physical costs of working outside of “regular work hours,” these personnel are usually compensated more.
The difference is insignificant in jobs that don’t function on more than one shift, and it’s usually only taken into account when a nonsalaried employee works overtime or on a special project.
I hope that this article on How Much Does a Target Store Manager Make provides you with some insight into the income of a Target store manager.
FAQs on Target Store Manager Salary
Yes, becoming a store manager is a fantastic job with a decent salary, but it all relies on your experience and where you work.
Becoming a store manager allows you to interact with a wide range of individuals while working in a fast-paced atmosphere. Labor hours can range from 45 to 50 per week, with some night and weekend work thrown in for good measure.
To be a store manager you will need:
- Ability to provide excellent customer service.
- Patience and the ability to remain calm in stressful situations.
- The ability to take criticism and operate effectively under duress.
- The ability to collaborate well with others.
- leadership skill.
- To enjoy collaborating with others.
- Sensitivity and understanding
Here are some of the key challenges for retail managers
- Time management.
- Recruiting and supervising staff.
- Developing sales and service teams that are skilled and motivated.
- Managing change.
According to fact.net,
- Target is a retail corporation in the United States.
- The company is part of the top 10 largest retailers in the United States.
- Also, Target was founded on June 24, 1902, and they currently have more than 1,800 stores.