MINNEAPOLIS, Sept. 10, 2020 /PRNewswire/ -- As part of its
longstanding commitment to creating a culture that is diverse,
equitable and inclusive, Target today released a detailed racial
and gender breakdown of its team across all levels of the
organization. Along with issuing the report, Target also announced
plans to increase representation of Black team members across the
Company by 20 percent over the next three years by sharpening its
focus on advancement, retention and hiring.
"Inclusivity is a deeply rooted value at Target and we've had an
ambitious diversity and inclusion strategy for many years for our
guests and team. We know that having a diverse workforce and
inclusive environment not only creates a stronger team, but also
provides the perspectives we need to create the products, services,
experiences and messages our guests expect," said Melissa Kremer, Chief Human Resources Officer.
"The next step in this journey is being even more transparent with
our progress by sharing a deeper look into the racial and gender
diversity of our team, listening to our team's feedback along the
way and using this information to drive a number of new commitments
for our team."
Target's Diverse Team
Target's Workforce Diversity
Report, based on 2019 information, reveals that the Company's
workforce of nearly 350,000 team members is 50% people of color and
more than half (58%) are women. Nearly half (42%) of Target's
Leadership Team is comprised of women and nearly a quarter (24%)
are people of color. Additionally, Target has doubled the
representation of Company officers of color in the past five years.
On its Board of Directors, a third are women and nearly half are
Latinx or Black. The Company also operates stores "that reflect the
diversity of its guests: more than half of its stores are run by
female leaders and a third are managed by leaders of color.
Making Systemic Changes to Increase Representation, Retention
and Advancement of Black Team Members
In addition to
issuing its Workforce Diversity Report, Target announced plans to
increase its representation of Black team members across the
Company by 20 percent over the next three years. The Company has
had diversity and inclusion goals for many years to drive
equity for all team members, and results show that more work is
needed to increase representation and advancement opportunities and
reduce turnover with Black team members. To do this, the Company is
making a number of systemic changes, including:
- Leveraging its Stores, Supply Chain and HQ experiences to
provide broader leadership pathways for Black team members to
develop and advance;
- Developing programs to hire and retain Black team members in
career areas with low levels of representation, including
technology, data sciences, merchandising and marketing;
- Increasing Target's network of mentors and sponsors to help
Black team members accelerate and advance their careers;
- Ensuring Target's benefits and partnerships drive wellness and
safety for Black team members;
- Conducting anti-racist trainings for leaders and team members
that educate, build inclusion acumen, and foster a sense of
belonging
"The changes we're making are going to have a meaningful impact
on the careers of our Black team members and prospective team
members," said Kiera Fernandez, Vice
President, Human Resources and Chief Diversity and Inclusion
Officer. "A diverse and inclusive team at Target is one where
there's equity in how we promote, retain and hire team members.
Additional leadership development, training programs and mentorship
for our Black team members, along with a focus in areas of the
business where our Black representation is not as strong, will
offer new career development opportunities for our team for years
to come. And we know the support we have for our team helps extend
our reach outside our walls, creating a ripple effect that impacts
our guests and communities."
Today's announcement is a part of Target's commitment to social
justice and racial equity and is being launched by the
Company's Racial Equity Action and Change (REACH) committee. This
group of senior leaders from across Target represents a diverse
range of perspectives and expertise and guides the retailer's
efforts to engage in the fight to end systemic racism in
the United States.
Target's Workforce Diversity Report, also known as EEO-1 data,
can be found at this link.
Miscellaneous
Statements in this release regarding
the Company's plans to increase representation, retention, and
advancement of Black team members and prospective team members are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are
subject to risks and uncertainties which could cause the Company's
actual results to differ materially. The most important risks and
uncertainties are described in Item 1A of the Company's Form 10-K
for the fiscal year ended Feb. 1,
2020 and Item 1A of the Company's Form 10-Q for the fiscal
quarter ended May 2, 2020.
Forward-looking statements speak only as of the date they are made,
and the Company does not undertake any obligation to update any
forward-looking statement.
About Target
Minneapolis-based Target Corporation (NYSE:
TGT) serves guests at nearly 1,900 stores and at Target.com. Since
1946, Target has given 5% of its profit to communities, which today
equals millions of dollars a week. For the latest store
count or for more information, visit
Target.com/Pressroom. For a behind-the-scenes look at
Target, visit Target.com/abullseyeview or follow
@TargetNews on Twitter.
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SOURCE Target Corporation