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Childcare other than Daycare and Preschool
Reply to "What is the total yearly cost of employing a nanny?"
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[quote=Anonymous]I have seen a couple trends in my little microcosm that I think may eventually compensate to try and even out rates, or at least signal a decrease in job security for nannies (when demand for nannies was very high.) 1. Expectations that nanny will replace the parent in the home (do some amount of cooking and kitchen cleanup, family management) not just do a very short list of things strictly related to childcare. More parents are looking for this, and the higher pay will go to nannies willing to step out of the "strictly childcare" approach many nannies take. Nannies will need to adapt to be competitive. 2. Less longevity. As a poster above notes, it gets more and more expensive to keep nannies over time. I have seen parents pay more than they can afford for a nanny simply because they'll only need to do it for 1 or 2 years then switch to cheaper childcare--so it keeps their career going, even if they are negative for a year or two. On the flip side of that, I also think there's a lean out movement brewing, particularly among older mothers, that mean as their kids age out of the "nanny vs. daycare" age and into the elementary where everyone still thinks they need a nanny, many moms will chose to downshift and make up that extra time themselves. These are folks that are either established enough in their careers to have the flexibility to dictate their job terms or that have grown their savings enough they can ramp down. That said, I just think the nanny model is in a tough place. I DO think nannies should be paid on the higher end of the wages quoted here--it's their job, inflation has made everything expensive, and the work they are doing is pretty damn important to me. But, I have also seen fewer and fewer families be able to afford it. That doesn't bode well for career nannies.[/quote]
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