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From The Authors Guild:
We are sharing with you a letter to McGraw-Hill’s CEO Simon Allen and General Counsel David Stafford to demand that the company immediately end its practice of charging freelance contractors a 2.2% fee for processing their invoices. McGraw-Hill claims that this so-called “Small Supplier Fee” is being applied to support the company’s compliance costs, including to minimize the company’s risks of misclassifying independent contractors. Imposing a 2.2% fee for processing invoices—a normal cost of doing business—is tantamount to wage theft. What’s more, McGraw-Hill unilaterally imposed this fee during a pandemic, when freelance creators are losing work opportunities and unable to access the full scope of unemployment benefits due to their independent contractor status. McGraw-Hill’s attempt to pass its operating costs off to hard-working, struggling freelance creators is shocking and unfair.
Link to the rest at The Authors Guild
Tacky, tacky, tacky.
PG suggests freelancers get together and suggest to one another to increase their fees to McGraw-Hill by 5%, with a little less than half to cover McGraw-Hill’s new fee and a new 2.8% McGraw-Hill invoice preparation and compliance fee.