Nanny pay

[Anonymous]

How much should I pay in eastern Montgomery County (Olney) for a live-in or live out Nanny?

[Anonymous]

$1000 a week net for full time.

[Anonymous]

How many kids?
How many hours per day/per week?

[Anonymous]

3 kids, M - F only, 10 hours a day

[Anonymous]

Anonymous wrote:$1000 a week net for full time.

Is that for live in or live out?

[Anonymous]

OP, you need to do some more research and then come here with more targeted quesitons.

Not trying to be difficult but this kind of topic is beaten to death in a thousand threads here.

[Anonymous]

Do not negotiate net salary, OP. Only negotiate gross.

For three kids, if none are in school, $18-20/hr for a live out nanny and depending on the live in perks, $13-15/hr.

Pay OT for the live out, of course. If you are required to pay OT for a live in, then calculate that into your total package.

[Anonymous]

Thanks for the info

[nannydebsays]

OP, despite a PP's response, unless all 3 of your kids are under 3, or you have triplets, or some other challenging situation, $1000/week net (aka about $1300/week gross) is likely on the high side.

And you never talk net wages with anyone. Gross pay minus taxes is the only way to professionally negotiate.

At $18/hour plus OT at $27/hour, you'd be paying $990/week gross.

[Anonymous]

nannydebsays wrote:OP, despite a PP's response, unless all 3 of your kids are under 3, or you have triplets, or some other challenging situation, $1000/week net (aka about $1300/week gross) is likely on the high side.

And you never talk net wages with anyone. Gross pay minus taxes is the only way to professionally negotiate.

At $18/hour plus OT at $27/hour, you'd be paying $990/week gross.

For live out or live in?

[Anonymous]

OP, I live in the same area and my nanny works the same hours as you describe (M-F, 10 hours/day). I have a newborn and a 2 year old. I pay my nanny $17/hour for the first 40 hours and $25.50 (time and half) for the additional 10 hours. I also provide 2 weeks paid vacation (all her choice) and 1 week paid sick leave. I add in a few additional perks (i.e., cell phone reimbursement, yearly bonus), and I have a family member who comes to help out with the newborn a few hours 2-3 days per week to give the nanny a little break and/or time to spend with just my 2 year old, with whom the nanny is very close.

This is all gross pay and I deduct and pay the nanny's taxes from this amount using a payroll services. The taxes that I am required to pay on her income come out of my own pocket. I highly recommend against talking about net pay, which could depend on things outside of your control, like the nanny's husband's income (if married and filing taxes jointly) and her deductibles. With the bonus, her income is over $50k a year, which already takes her out of the lowest tax bracket. Hope that helps!

[Anonymous]

Anonymous wrote:OP, I live in the same area and my nanny works the same hours as you describe (M-F, 10 hours/day). I have a newborn and a 2 year old. I pay my nanny $17/hour for the first 40 hours and $25.50 (time and half) for the additional 10 hours. I also provide 2 weeks paid vacation (all her choice) and 1 week paid sick leave. I add in a few additional perks (i.e., cell phone reimbursement, yearly bonus), and I have a family member who comes to help out with the newborn a few hours 2-3 days per week to give the nanny a little break and/or time to spend with just my 2 year old, with whom the nanny is very close.

This is all gross pay and I deduct and pay the nanny's taxes from this amount using a payroll services. The taxes that I am required to pay on her income come out of my own pocket. I highly recommend against talking about net pay, which could depend on things outside of your control, like the nanny's husband's income (if married and filing taxes jointly) and her deductibles. With the bonus, her income is over $50k a year, which already takes her out of the lowest tax bracket. Hope that helps!

Thanks for the great detail. Lots of factors to consider.

This information is for live out, correct? We are focused on live in. How does that change the analysis? Thanks

[Anonymous]

Anonymous wrote:

nannydebsays wrote:OP, despite a PP's response, unless all 3 of your kids are under 3, or you have triplets, or some other challenging situation, $1000/week net (aka about $1300/week gross) is likely on the high side.

And you never talk net wages with anyone. Gross pay minus taxes is the only way to professionally negotiate.

At $18/hour plus OT at $27/hour, you'd be paying $990/week gross.

For live out or live in?

Thanks - We would like a live-in. TL

[nannydebsays]

Anonymous wrote:

nannydebsays wrote:OP, despite a PP's response, unless all 3 of your kids are under 3, or you have triplets, or some other challenging situation, $1000/week net (aka about $1300/week gross) is likely on the high side.

And you never talk net wages with anyone. Gross pay minus taxes is the only way to professionally negotiate.

At $18/hour plus OT at $27/hour, you'd be paying $990/week gross.

For live out or live in?

Honestly, I don't know the cost difference. It might be $2 less per hour, and in many places a LI nanny is not paid OT for hours above 40/week, just straight hourly pay. The best way to determine a good wage is to advertise your job at $x/hour and see what sort of candidates you get - if the quality of candidates is not what you want, you may have to raise the hourly rate a bit.