Target is thanking its front-line employees with a $500 bonus in the new year, the company announced.

"We’re so proud of our team. They're the heart and soul of Target, showing up for one another and our guests—and making Target a safe and easy place to shop and work," said the company's statement.

Target is giving $500 bonuses to all hourly team members in stores, distribution centers, headquarters and field-based offices. In addition, all store directors, executive team leaders and salaried distribution center leaders (12,000 in total) will receive a bonus ranging from $1,000-$2,000.

This is the fifth time Target recognized team members with bonuses during the pandemic, the retailer says.

For 2021, Target will extend its coronavirus benefits to help team members and their families navigate the impact of the pandemic.