New Macmillan c.e.o. lifts US entry-level pay to $42k

New Macmillan c.e.o. lifts US entry-level pay to $42k

Macmillan is raising the entry-level salary of its US trade publishing staff to $42,000 (£33,000).

The announcement was made by incoming c.e.o. Don Weisberg to staff on 25th September and represents a $7,000 increase on the firm's current starting wage.

Alongside new staff, current employees getting below that wage will also see it rise to the same level.

Weisberg said: “We expect this change will help us expand our applicant pool by attracting candidates who have, up to now, found our starting salary too low. This increase is part of Macmillan’s broader D&I objectives and our commitment to pay equity.”

The increase will go into effect on 27th December. A spokesperson said the announcement did not apply to UK staff.

Weisberg was announced last week as the successor to John Sargent, who is leaving the company following disagreements over its direction.