I employ a nanny who does not drive or speak English. I pay her $16 per hour. She is pretty good with my kids. I am in the know on how she is making her ends meet. she gets about 50K over time. I pay on the books. She rents a one bedroom apartment for $1,400 a month. I know she eats from Whole Foods. she is 60 and does not have any loans to pay back or children to support. she is telling me she is OK financially. |
How many hours a week does she work to earn 50K at $16/hr? Seems like lots of hours.... |
Sixty hours a week, unless she's paying OT appropriately. |
Any other MBs "in the know" with regard to how the nanny makes ends meet? |
It isn't an MB's business how a nanny, an adult with her own right to privacy, chooses to budget her salary.
Stop insulting nannies everywhere by presuming they can't manage their own lives. |
Shut up already, or at least say something relevant. TIA! |
The irrelevant question is asking an employer about her employee's personal budget. It's none of the employer's business.
I know you don't like it when people tell you the truth, 00:11, but too bad. That's the truth. |
I'm glad you never ask questions that are none of your business. See nothing, say nothing. Just look the way when it benefits your portfolio. Go for it. |
I pay overtime at 1.5 rate. She works less than 60 hours, more like 50-55 Her children are grown and she does not have to take care of anyone. She also does not have loans that a lot of other folks have. She seems to be OK or so she is telling me |
bump |
Excellent. |
My experience matches that of this poster exactly. This is more or less the range experienced nannies (legal to work and English conversant) are seeking and the range parents are willing to pay in the DC metro area. We interviewed many candidates before hiring a wonderful nanny in 2010 for a share that lasted 2.5 years. We started at $18 per hour and ended at $19 per hour. We were very engaged with helping her find a new position when our share ended. In 2012 it was quite difficult to find anyone able to pay $20/hour for a share -- families were convinced that she was worth it they just could not afford it. Her next share job paid $18.50 per hour. |
Point? |
You have absolutely no data as to the range parents pay their nannies in the DC metro area. All you know is what your girlfriends want to tell you. Admit it. You say your nanny got a $1/hr raise in 2.5 years? Are you kidding? |
I'm not the poster you quote, but we went through a similar experience, and I feel that having interviewed about a dozen candidates who all quoted rates in a similar range, I got a good sense of the market - in the same way as I got a sense of market prices for 5-bedroom properties in a certain neighborhood after two months of house-hunting. You don't always have to see a published study to get a sense of the market. You go out and explore the supply of whatever it is that you want. Once you find consistent pricing, there's your rate. She may not have the range that parents pay. But she certainly has the range of rates that nannies ask for. And that is as good an indicator of market rates as any. |