The Association of American Literary Agents published their bi-annual membership survey report today about agent demographics, how the organization is serving members, and industry issues. This time around, one of the sections addresses agent compensation, with, as they write, “an overwhelming 69%” of respondents pointing to low salaries as “a critical issue for the industry to address.” In parallel, PL has been speaking to agents at a variety of firms about what it takes to make a living, as part of our ongoing series on compensation across the industry (which has previously included book critics and booksellers) — confirming the AALA’s […]
Compensation
WH Smith Owed £1M to Employees
UK books retailer WH Smith failed to pay the minimum wage to employees, the BBC reports. Of the more than 200 companies that the government said underpaid employees, WH Smith owed the most to workers–more than £1 million to more than 17,600 employees. The chain told the BBC that the mistake was due to misunderstanding the UK’s rules about uniforms and not reimbursing staff for required clothes that they purchased out of pocket. “Following a review with HMRC in 2019, and in common with a number of retailers, it was brought to our attention that we had misinterpreted how the […]
Outlets That Pay for Book Reviews
Further to our reporting last fall on compensation for book critics and rates at various outlets, book critics Adam Morgan and Chelsea Leu have compiled an extensive list of publications that pay for books coverage. At the National Book Critics Circle site, their list includes contact information, word count, and more.
Behind the Minimum Wages at Indie Bookstores
Our reporting on compensation in different segments of the publishing industry continues with independent bookstores, where low pay seems like a foregone conclusion. Though indies have grown and diversified in recent years, sustaining workers—and in some cases, the stores themselves—is an ongoing challenge. Some stores, such as Tattered Cover in Denver and Powell’s in Portland, OR, are essentially corporations or mini-chains with multiple locations and HR departments, while others, such as Astoria Bookshop in Queens, have one storefront and fewer than 10 employees, including the owner. The growing unionization of individual bookstores around the country has helped secure pay and […]
Daunt Aims to Improve B&N For Workers, But Unions Tell a Different Story
While it’s a common refrain that publishing is not a lucrative industry for workers, it is especially true for bookstore workers. Booksellers can make or break a book’s success, are knowledgeable about hundreds of individual products and the industry as a whole, and are a vital part of the publishing ecosystem. But they are often paid minimum wage or not much above, and even experienced booksellers often earn less than what entry-level colleagues in publishing offices make. There seems to be a disconnect between the career and the compensation—booksellers are paid like an hourly gig in what is, for many, […]
Macmillan Raises Starting Salary
On Wednesday, Macmillan announced that they will increase their entry-level base salary to $47,500, effective April 1. That brings them in line with Hachette Book Group, which announced a similar increase a week ago. Macmillan has been paying a starting salary of $42,000. Macmillan noted, “Additional adjustments will be made to current salary bands to reflect this change.”