Raises - how does it work?

[Anonymous]

We have had the same nanny for over ten years. In addition to being well-paid with vacation, bonus, sick leave and paid holidays, we have added nontaxable perks in recent years: health insurance, dental insurance, etc. This year we will add vision insurance with coverage for a set of glasses or contacts each year. She IS extraordinary, though, with a college education and extensive training.

[Anonymous]

The best paid nannies tend to be well worth their cost to families who need top-notch service and can afford it.

[Anonymous]

Anonymous wrote:We have had the same nanny for over ten years. In addition to being well-paid with vacation, bonus, sick leave and paid holidays, we have added nontaxable perks in recent years: health insurance, dental insurance, etc. This year we will add vision insurance with coverage for a set of glasses or contacts each year. She IS extraordinary, though, with a college education and extensive training.

Thanks PP for sharing. OP here again. Our nanny has everything you mentioned such as paid holidays, sick leave, large bonus, paid transportation, etc from the start except for vision and dental insurances. May be I will add that in lieu of a large raise
To be honest though I would not say that our nanny is extraordinary. She is good with the kids for sure but not very professional and does not drive. My son loves her and so we go on with her

[Anonymous]

If your child has a competent stable caregiver, that IS extraordinary these days.

[Anonymous]

Anonymous wrote:Our nanny has been with us for seven years, so I hear your concern. We have given a raise every year, and if I average it out, it has worked out to $1/hour/year, but we did not give the raise as a $1/year. (So our nanny started at $15 and is now at $22). The first year, I think we went up $17, because I felt like she was underpaid (she's awesome), and then we jumped to $18 when our second was born. Then we moved to a percentage based on where we were financially. We also give generous vacation benefits and we cover health insurance in full (we used to provide a stipend up to a certain dollar amount and now we just cover it in full).

A long winded way of saying, there is no automatic $1/year, but it worked out that way on average for us.

The challenge that we are facing seven years out is that our needs are changing, and the changes aren't attractive to our nanny. We still can guarantee a set 40-hour work week, but we need her assistance later in the day to cover later sports practices, and that is not desirable to her (which I understand). Those are the types of things that may require additional compensation.

PP, do you know what your nanny's monthly take home pay is? It sounds like a lot to me and I'm curious. I have no idea if what I'm paying is "market" other than that it's the same thing that two of my friends are paying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have had the same nanny for over ten years. In addition to being well-paid with vacation, bonus, sick leave and paid holidays, we have added nontaxable perks in recent years: health insurance, dental insurance, etc. This year we will add vision insurance with coverage for a set of glasses or contacts each year. She IS extraordinary, though, with a college education and extensive training.

Thanks PP for sharing. OP here again. Our nanny has everything you mentioned such as paid holidays, sick leave, large bonus, paid transportation, etc from the start except for vision and dental insurances. May be I will add that in lieu of a large raise
To be honest though I would not say that our nanny is extraordinary. She is good with the kids for sure but not very professional and does not drive. My son loves her and so we go on with her

What do you consider a large bonus? Just curious - this is the first year I've employed a nanny and I'm not sure what to give her. We have one 1.5 year old.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have had the same nanny for over ten years. In addition to being well-paid with vacation, bonus, sick leave and paid holidays, we have added nontaxable perks in recent years: health insurance, dental insurance, etc. This year we will add vision insurance with coverage for a set of glasses or contacts each year. She IS extraordinary, though, with a college education and extensive training.

Thanks PP for sharing. OP here again. Our nanny has everything you mentioned such as paid holidays, sick leave, large bonus, paid transportation, etc from the start except for vision and dental insurances. May be I will add that in lieu of a large raise
To be honest though I would not say that our nanny is extraordinary. She is good with the kids for sure but not very professional and does not drive. My son loves her and so we go on with her

What do you consider a large bonus? Just curious - this is the first year I've employed a nanny and I'm not sure what to give her. We have one 1.5 year old.

OP here. Her bonus was 2.5K which is half of mine

[Anonymous]

My bonus is one month's pay. I think it's higher than average here.

[Anonymous]

My bonus is one week's pay.

[Anonymous]

We give 1 week's pay for a bonus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have had the same nanny for over ten years. In addition to being well-paid with vacation, bonus, sick leave and paid holidays, we have added nontaxable perks in recent years: health insurance, dental insurance, etc. This year we will add vision insurance with coverage for a set of glasses or contacts each year. She IS extraordinary, though, with a college education and extensive training.

Thanks PP for sharing. OP here again. Our nanny has everything you mentioned such as paid holidays, sick leave, large bonus, paid transportation, etc from the start except for vision and dental insurances. May be I will add that in lieu of a large raise
To be honest though I would not say that our nanny is extraordinary. She is good with the kids for sure but not very professional and does not drive. My son loves her and so we go on with her

What do you consider a large bonus? Just curious - this is the first year I've employed a nanny and I'm not sure what to give her. We have one 1.5 year old.

OP here. Her bonus was 2.5K which is half of mine

Is that a coincidence? If not, how did you come up with that guideline?

[Anonymous]

What do you consider a large bonus? Just curious - this is the first year I've employed a nanny and I'm not sure what to give her. We have one 1.5 year old.

OP here. Her bonus was 2.5K which is half of mine

Is that a coincidence? If not, how did you come up with that guideline?

It's exactly half of my bonus net of taxes

[Anonymous]

Most families in this area give a week's salary as a bonus if they can.

[Anonymous]

Anonymous wrote:Most families in this area give a week's salary as a bonus if they can.

How do you know what most families do in this area?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have had the same nanny for over ten years. In addition to being well-paid with vacation, bonus, sick leave and paid holidays, we have added nontaxable perks in recent years: health insurance, dental insurance, etc. This year we will add vision insurance with coverage for a set of glasses or contacts each year. She IS extraordinary, though, with a college education and extensive training.

Thanks PP for sharing. OP here again. Our nanny has everything you mentioned such as paid holidays, sick leave, large bonus, paid transportation, etc from the start except for vision and dental insurances. May be I will add that in lieu of a large raise
To be honest though I would not say that our nanny is extraordinary. She is good with the kids for sure but not very professional and does not drive. My son loves her and so we go on with her

What do you consider a large bonus? Just curious - this is the first year I've employed a nanny and I'm not sure what to give her. We have one 1.5 year old.

OP here. Her bonus was 2.5K which is half of mine

Wow. That's a huge bonus. I don't know anyone who gives even close to that much. My friends who have a nanny give from 5-800. I have one friend who gives 1,000.