Archives for March 2023

Following increases in starting salaries at the other large trade publishers, Penguin Random House told employees on Tuesday that it will also raise their entry level salary on April 3, to $48,000. That “will apply to incoming and existing employees in most non-warehouse locations.” As a result, “minimum salaries for other, non-entry-level roles where minimum salaries have been established will also increase accordingly,” and “to address compression of salaries, employees at adjacent salary levels will also receive adjustments.” Second-level non-exempt roles will start at $53,000, while at the higher end senior marketing and sales managers will make at least $76,000 […]

Hachette Book Group is offering a voluntary resignation program to most US employees over 50 who have at least 15 years of service with the company. A representative told PL, “Employees who choose to participate will receive a favorable package of severance benefits that are not usually available to people who leave the company. The decision to take part is absolutely voluntary.” (Reportedly that package includes a year’s severance.) HBG added, “this is not a permanent policy and there is an end date for eligible employees to elect to participate in the program.” They did not respond to queries about […]