Hachette Book Group and Macmillan are raising entry-level starting salaries.
Catching up with PW's Andrew Albanese
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Hachette Book Group and Macmillan are raising entry-level starting salaries, reports Andrew Albanese, Publishers Weekly senior writer.
“Two of the Big Five publishers are raising starting salaries to $47,500, for a 35-hour work week,” he tells CCC’s Chris Kenneally.
“For Macmillan, it’s a big jump as starting salaries there were said to be $42K, and it comes last week after Hachette announced it was raising entry-level salaries from $45,000 to $47,500 after a review.”
Penguin Random House and HarperCollins peg starting salaries at $45,000, according to PW. Unionized staff at HC began a strike in November 2022 calling for a $50K minimum salary. Simon & Schuster’s base salary rate is $50,000 for a 40-hour work week.
Every Friday, CCC’s “Velocity of Content” speaks with the editors and reporters of “Publishers Weekly” for an early look at the news that publishers, editors, authors, agents and librarians will be talking about when they return to work on Monday.
