Macmillan and Hachette raise starting salaries
Macmillan and Hachette raise starting salaries
Feb 09 2023
Macmillan Publishers will increase its entry-level base salary to $47,500, effective April 1. Additional adjustments will be made to current salary bands to reflect this change. The previous starting salary was $42,000.
The change comes on the heels of Hachette Book Group’s announcement last week that it will increase its entry-level starting salary in New York City and other “high-cost office locations” to $47,500.
HarperCollins and Penguin Random House have starting salaries of $45,000, while Simon & Schuster’s base salary rate is $50,000.
The 250 members of the HarperCollins union have been on strike since November 10 demanding that the Murdoch owned company raise its minimum starting salary from $45,000 to $50,000; address the lack of diversity in its workforce; and provide more security for unionized workers. HarperCollins is the only major book publisher in the U.S. to be unionized.
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