Is This A Good Compensation Package?

[Anonymous]

Anonymous wrote:Low for a college graduate and really nothing special.

Not for a college graduate doing a job that doesn't actually require a college degree.

[Anonymous]

It's an excellent package OP and you will be flooded with applicants.

I agree w/ others though in STRONGLY recommending that you raise your hourly rate and pay a gross hourly wage. You should not be in the business of calculating someone else's deductions, withholdings, etc...

Gross up the hourly to where you're comfortable. $20/hr for one child and a full time position is very, very competitive. You will have many highly qualified applicants.

Congrats on your baby!

MB

[Anonymous]

Op here. We have decided to offer $1,000 per week pre-tax. This comes out to a little over $21 per hour, plus 1.5 for hours worked over 40. We plan to up the healthcare stipend ( $100) to $200 per month. Is this a good compensation?

[Anonymous]

Anonymous wrote:Op here. We have decided to offer $1,000 per week pre-tax. This comes out to a little over $21 per hour, plus 1.5 for hours worked over 40. We plan to up the healthcare stipend ( $100) to $200 per month. Is this a good compensation?

Yes, it is. How many total hours are you guaranteeing? You will need to pay OT rates if you ever exceed those hours.

[Anonymous]

The compensation is decent. I am making $20 An hour for 1 baby. And I do nothing but take care of her. No laundry, no groceries, no driving, no errands, and no cleaning. Bonuses throughout the year, and yearly raises. 4 weeks vacation, 1 is my choosing, a ton of holidays and 5 days sick leave.

[Anonymous]

Anonymous wrote:Op here. We are paying allo of the nannies taxes ( including federal and state taxes)

Baby housekeeping will be his laundry, his towels, and his bed sheets. She will not has to clean anything besides his bottles and toys at the end of each day.
I have no issue making the babyhood myself. I still would like a nanny to put away weekly groceries or we can chabge the day and time.

We will be offering a Christmas bonus and yearly raises. We are offering two weeks paid vacation and will guarantee 45 hours per week pay. It will be $855 ( we might just do $900/week take home). Does everyone do take home or pre-tax? I thought it was take home pay.

I was a nanny throughout college and feel I know what a nanny would want. We are trying to offer a competitive package.

Take home is usually if it's under the table. Gross is usually negotiated for legal pay.

Change the day for grocery delivery. And just laundry is completely reasonable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Op here. We are paying allo of the nannies taxes ( including federal and state taxes)

Baby housekeeping will be his laundry, his towels, and his bed sheets. She will not has to clean anything besides his bottles and toys at the end of each day.
I have no issue making the babyhood myself. I still would like a nanny to put away weekly groceries or we can chabge the day and time.

We will be offering a Christmas bonus and yearly raises. We are offering two weeks paid vacation and will guarantee 45 hours per week pay. It will be $855 ( we might just do $900/week take home). Does everyone do take home or pre-tax? I thought it was take home pay.

I was a nanny throughout college and feel I know what a nanny would want. We are trying to offer a competitive package.

Take home is usually if it's under the table. Gross is usually negotiated for legal pay.

Change the day for grocery delivery. And just laundry is completely reasonable.

You're wrong. Take home is not only for under the table. I get paid take home. We pay taxes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Op here. We have decided to offer $1,000 per week pre-tax. This comes out to a little over $21 per hour, plus 1.5 for hours worked over 40. We plan to up the healthcare stipend ( $100) to $200 per month. Is this a good compensation?

Yes, it is. How many total hours are you guaranteeing? You will need to pay OT rates if you ever exceed those hours.

Op here. I am guaranteeing the full 45. Yes I know I know it OT for all additional hours.

[Anonymous]

You also have to take into account whether Fall's Church is more like NW DC, or more like outer Silver Spring as far as nanny prices go. I have no idea about Fall's Church, but this is a very good package for the Maryland 'burbs. No, it's not Kate-and-Wills nanny great, and you may have to accept no college degree or less experience, but possibly not.

I found going through an agency that everyone asked for $25/hr.. Some seemed worth it, most not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For your 3 month old, $20/hr is low. Your compensation package is average, nothing extraordinary.

$20 is low for one child? Most nannies only get 2 paid weeks (one during the family's vacation) and their contributing to health insurance.

NP here. You may not be a native speaker, no big deal, but you should learn your homonyms so that you can properly teach children. They are (they're) contributing to health care. Their is possessive and there is a location. Maybe it was a voice program as well, but I'm sure those know the difference. Not picking on you and I hope I didn't come across as rude!

[Anonymous]

You should always negotiate in gross pay. The chores you are asking are fine; why would any nanny protest making baby food!?! And being available for deliveries, workers (on occasion), etc. are benefits of hiring a nanny. As long as you are willing to have the groceries delivered at a convenient time for their schedule, I see no issues. Offer more money in terms of gross pay, $20-22, and you have yourself a great package and you will attract a qualified candidate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For your 3 month old, $20/hr is low. Your compensation package is average, nothing extraordinary.

$20 is low for one child? Most nannies only get 2 paid weeks (one during the family's vacation) and their contributing to health insurance.

NP here. You may not be a native speaker, no big deal, but you should learn your homonyms so that you can properly teach children. They are (they're) contributing to health care. Their is possessive and there is a location. Maybe it was a voice program as well, but I'm sure those know the difference. Not picking on you and I hope I didn't come across as rude!

Oh, shut up (hope you don't think i'm coming off rude)! Who cares if there was a grammatical error. Are you perfect? For you to think because someone used a word, incorrectly, that the person doesn't speak English or their first language isn't English, says a lot about you. Please be useful to someone who values your help and or opinion.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Low for a college graduate and really nothing special.

Not for a college graduate doing a job that doesn't actually require a college degree.

I think it does require a college degree. Being a nanny is the same as being a teacher - I hired, and would only hire, a college graduate.

[Anonymous]

Anonymous wrote:We are hiring a nanny for out 3-month-old. We live in Great Falls, VA.

Logistics:

M-F, 7:30-4:30pm
$18 hour take home pay ( we pay employer and nanny taxes). 18 * 1.5 for every hour worked over 40.

Benefits:

3 weeks paid vacation ( nanny chooses one week)
5 sick days
All major holidays paid
Paying a stipend towards monthly health insurance

Duties:

Care for baby ( hands on play and taking him to outside activities)
Baby housekeeping
Put away weekly grocery delivery
Make homemade baby food ( I will make majority of it)

Do you think this is fair? We have a nanny candidate we like but she is asking $20 per hour.

You're already at the high end for 1 baby, is $16-18hr and many helpful things during those 2-3 naps.

[Anonymous]

Anonymous wrote:MB here: I think this is fine. Your rate is actually very good, since you're saying this is the "after tax" (take home) rate. That's probably going to cost you more like $21/hr base rate. You should specify that this only includes FICA taxes, not her personal income taxes.

You need to spell out which holidays are "major" (and think through whether you're really going to make her come to work the day after TG, for example), and you need guaranteed hours.

Right now, you're guaranteeing her pay for two weeks of vacation when you are out of town/don't need her. Calling that "vacation" implies that you'll schedule it well in advance, and that it will be full weeks (not a day or two here and there). In other words, she'll be able to make plans to take a trip on those days. "Guaranteed hours" means that you pay her whenever you don't need her -- come home early, take a day trip, etc., in addition to those guaranteed weeks of vacation.

Agree. Infants are easier than toddlers. $18 take home pay is good. 1 kid is so much easier. It's a great package unless you want Mary Poppins level qualified nanny.