Cost of living raise

[Anonymous]

How much are you increasing your nanny’s hourly rate with inflation at 6%? Do you raise more when it’s high and less the following year when it decreases? Our nanny is at $27 an hour (after three years and the $1 usual raise doesn’t even cover inflation much less merit increase this year.

[Anonymous]

We are doing a $2 raise (nanny makes $25 currently).

We are also considering ways we can offset other costs for her (add her to our phone plan, move from just an insurance stipend to running her full health care through payroll for the tax free benefit, etc)

[Anonymous]

I think we are going to have to go up $2 in January. And yes, explain the when the COL comes back down, we’ll adjust accordingly with the next annual raise.

[Anonymous]

Yes. DH isn’t in finance and always ties nanny’s annual raise to COL index and merit.

[Anonymous]

Anonymous wrote:I think we are going to have to go up $2 in January. And yes, explain the when the COL comes back down, we’ll adjust accordingly with the next annual raise.

I don't think that's going to happen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think we are going to have to go up $2 in January. And yes, explain the when the COL comes back down, we’ll adjust accordingly with the next annual raise.

I don't think that's going to happen.

It always happens. The COL goes up and down based on a number of factors mostly global supply and demand.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are going to have to go up $2 in January. And yes, explain the when the COL comes back down, we’ll adjust accordingly with the next annual raise.

I don't think that's going to happen.

It always happens. The COL goes up and down based on a number of factors mostly global supply and demand.

The rate of growth slows, but coming down is rare

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are going to have to go up $2 in January. And yes, explain the when the COL comes back down, we’ll adjust accordingly with the next annual raise.

I don't think that's going to happen.

It always happens. The COL goes up and down based on a number of factors mostly global supply and demand.

The rate of growth slows, but coming down is rare

Not rare at all. Look at lumber prices (sky high and now low). Gas prices will come down and the food prices will. Keep an eye on trades commodities. There will always be inflation (what a dollar was worth fifty years ago vs now) but cost of living definitely fluctuates.

[Anonymous]

Anonymous wrote:We are doing a $2 raise (nanny makes $25 currently).

We are also considering ways we can offset other costs for her (add her to our phone plan, move from just an insurance stipend to running her full health care through payroll for the tax free benefit, etc)

Is this legal to put domestic employee on company medical plan?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think we are going to have to go up $2 in January. And yes, explain the when the COL comes back down, we’ll adjust accordingly with the next annual raise.

I don't think that's going to happen.

It always happens. The COL goes up and down based on a number of factors mostly global supply and demand.

The rate of growth slows, but coming down is rare

Not rare at all. Look at lumber prices (sky high and now low). Gas prices will come down and the food prices will. Keep an eye on trades commodities. There will always be inflation (what a dollar was worth fifty years ago vs now) but cost of living definitely fluctuates.

Gas is already coming down
.last week it was $3.29(9) and $3.19(9) yesterday at my local Shell station.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are doing a $2 raise (nanny makes $25 currently).

We are also considering ways we can offset other costs for her (add her to our phone plan, move from just an insurance stipend to running her full health care through payroll for the tax free benefit, etc)

Is this legal to put domestic employee on company medical plan?

No. It’s illegal and we got nailed for it. DH owns a small real estate investment company and one of his employees turned us in when she saw our nanny’s name on the insurance roster.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We are doing a $2 raise (nanny makes $25 currently).

We are also considering ways we can offset other costs for her (add her to our phone plan, move from just an insurance stipend to running her full health care through payroll for the tax free benefit, etc)

Is this legal to put domestic employee on company medical plan?

No. It’s illegal and we got nailed for it. DH owns a small real estate investment company and one of his employees turned us in when she saw our nanny’s name on the insurance roster.

I thought it was illegal. You were cheating and deserved to be nailed.

[Anonymous]

PP here. We use GTM payroll and they offer health insurance plans for nannies. It's legal.

[Anonymous]

Anonymous wrote:PP here. We use GTM payroll and they offer health insurance plans for nannies. It's legal.

Not what the PP’s were talking about. They are talking about the mother or father putting the nanny on their company’s insurance. That’s illegal.