10 Ways to Figure Out How Much You Can Pay a Nanny

Posted on by admin | in Nannies

One aspect of hiring a nanny that many parents have difficulty with is figuring out the right compensation. What should you pay your nanny? Well, there are a number of considerations to factor into your decision. The following are 10 ways to figure out how much you can pay a nanny:

  1. Prevailing Rates – One of the first steps is to check what the average salary is for your area. This will give you a ballpark to work with when negotiating with candidates.
  2. Number of Kids – Salary will depend in large part on the number of kids that your nanny will have in her care. As a rule, figure an additional $2.00/hr. per child, if more than one.
  3. Age of Kids – Your children’s ages will determine what responsibilities your nanny will have, and the level and types of care that the job will require.
  4. Scope of Duties – You should write up a detailed description, as accurately as possible, of the nanny’s duties. Determine what skills are required for the job.
  5. Other Compensation – If you will be providing other forms of compensation, such as a gym membership, live-in accommodations, or use of a family vehicle for personal use, this could be factored into the salary considerations as well.
  6. Additional Tasks – If you will be expecting your nanny to do extra tasks like cooking meals for the family, shopping, and extraneous transportation duties, take this into consideration when figuring her pay.
  7. Work Hours – A typical work week is 40 hours, beyond which is considered overtime. If you expect that your nanny will be working additional hours, or odd hours (overnight, weekends), this will affect salary negotiations.
  8. Days Per Week – If your nanny’s work week will go beyond a five-day work week on a regular basis, this is something else to bear in mind when discussing pay.
  9. Live-in/Live out – Whether or not your nanny will be living in your home will affect her salary. It is generally cheaper to have a live-in nanny, to offset the added expense of having an additional household member.
  10. Experience – The level of experience of your nanny, and any pertinent degrees, or certifications she has, will also have some bearing on her earning potential.
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