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In February of this year, Target announced a new raise in its initial wage to $24/hr. Target CEO Brian Cornell told The Associated Press, “The market has changed. We want to continue to have an industry-leading position.”

On top of this wage hike, Target has also announced changes in its employee healthcare policy. Workers now only have to work a 25-hours week to qualify (reduced from 30). Employees can also expect a shorter wait time for their coverage plan to begin.

Target has 350,000 employees and 1,900 stores, all of which will be impacted by these changes. It’s believed that these changes will cost the company $300 million in investment.

Melissa Kremer, Target’s chief human resources officer, announced in a press release, “Our team is at the heart of our strategy and success, and their energy and resilience keep us at the forefront of meeting the changing needs of our guests year after year. We continuously listen to our team members to understand what’s most important to them, then use the feedback to make investments that meet their needs across different career and life stages. We want all team members to be better off for working at Target, and years of investments in our culture of care, meaningful pay, expanded health care benefits and opportunities for growth have been essential to helping our team members build rewarding careers.”