(CBS Philly/CBS Local) — More than 375,000 Target frontline team members will be receiving a bonus for their hard work over the last year. Target announced Monday all frontline team members will be receiving a $500 recognition bonus.

All hourly team members, including seasonal hires, in stores, distribution centers, headquarters and field-based offices, will receive the $500 bonus.

READ MORE: Stimulus Check Update: Is A Fourth Relief Payment In Your Future?

Frontline store directors, executive team leaders and salaried distribution center leaders will be receiving a bonus ranging from $1,000 to $2,000.

This is the fifth round of recognition bonuses Target has provided team members and leaders for their work during the COVID-19 pandemic.

READ MORE: Child Tax Credit: Parents Will Soon Get A Monthly Check, But For How Much?

The bonuses are expected to be paid out by early February.

Throughout the last year, Target has moved to a $15 industry-leading starting wage, paid leaves and benefits.

MORE NEWS: American Families Plan: What's In It, And How Could It Put Money In Your Pocket?

The company has invested $1 billon more in 2020 in health, safety and well-being of team members compared to 2019. They plan to extend the COVID-19 benefits into 2021 to help team members and their families continue to get through the current pandemic.