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Childcare other than Daycare and Preschool
Reply to "How much would you charge for this?"
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[quote=Anonymous][quote=Anonymous]OP here. I think my first post was unclear. This is NOT something we sprung upon the nanny. This was the job from jump, as described to her in the interview process. Let me try saying this a different way: Our nanny's job is to care for one toddler from 9-3. Then pick up two preschoolers (one of whom is the toddler's big sister), and watch all three kids from 3:30-5pm. For this job, she will be paid $1,120 per week, on the books. With taxes and insurance, that means the total cost of having this nanny is approximately $5600 a month. She is happy with the job description and the salary. How much of the nanny's salary should the unrelated preschooler's parents pay?[/quote] Ok, let's backtrack and figure this out. Individual rate is usually 85-90% of the share rate. You don't state your hourly rate anywhere, and that's a humungous red flag. 9-3 is 6 hours at individual rate. 3-5 is 2 hours at share rate. You have two kids, they have one, so you pay 2/3, they pay 1/3. Let's work out the two rates first before tackling how much each family pays. (6 hours per day*individual rate + 2 hours*share rate)*5 days=1120 6I+ 2S=224 If individual is 90% of share, then I=.9S 6*.9S+2S=224 5.4S+2S=224 7.4S=224 S=30.27 I=27.24 You need to write a contract with your individual rate as $27.24/hour and the total share rate of $30.27. Your family's share rate is $20.18, and the other family's rate is $10.09. They pay their 10 hours guaranteed every week[/quote]
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