Nanny Share Rates? Am I lowballing?

[Anonymous]

My husband and I are at the begninning stages of looking for childcare. We're thinking about starting a nanny share and are hoping this would mean saving a little money. Please weigh in on whether we're way off base with pay or not. We are in the Landmark area of Alexandria.

Here are the expectations:
-Care for two children under 1 yr. old (Full-time, 50 hrs/week, paid Fed holidays off, summers off unpaid)
-Light child-related housekeeping

Pay: Total of $400/week -$1600/month- ($200/weekly per family)

Do we stand any chance of finding a great nanny at this level of pay?

[Anonymous]

Anonymous wrote:My husband and I are at the begninning stages of looking for childcare. We're thinking about starting a nanny share and are hoping this would mean saving a little money. Please weigh in on whether we're way off base with pay or not. We are in the Landmark area of Alexandria.

Here are the expectations:
-Care for two children under 1 yr. old (Full-time, 50 hrs/week, paid Fed holidays off, summers off unpaid)
-Light child-related housekeeping

Pay: Total of $400/week -$1600/month- ($200/weekly per family)

Do we stand any chance of finding a great nanny at this level of pay?

No, I don't think so. First, you are asking a nanny to work for $8 an hour for two children and no career nanny (experienced and educated) will want summers off. Most nannies in your area are starting at between $15 and $20 an hour for one child. And not paying overtime is illegal (anything over 40 hours a week - share or no share). Nannies, by law, are hourly employees.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My husband and I are at the begninning stages of looking for childcare. We're thinking about starting a nanny share and are hoping this would mean saving a little money. Please weigh in on whether we're way off base with pay or not. We are in the Landmark area of Alexandria.

Here are the expectations:
-Care for two children under 1 yr. old (Full-time, 50 hrs/week, paid Fed holidays off, summers off unpaid)
-Light child-related housekeeping

Pay: Total of $400/week -$1600/month- ($200/weekly per family)

Do we stand any chance of finding a great nanny at this level of pay?

No, I don't think so. First, you are asking a nanny to work for $8 an hour for two children and no career nanny (experienced and educated) will want summers off. Most nannies in your area are starting at between $15 and $20 an hour for one child. And not paying overtime is illegal (anything over 40 hours a week - share or no share). Nannies, by law, are hourly employees.

[Anonymous]

Anonymous wrote:My husband and I are at the begninning stages of looking for childcare. We're thinking about starting a nanny share and are hoping this would mean saving a little money. Please weigh in on whether we're way off base with pay or not. We are in the Landmark area of Alexandria.

Here are the expectations:
-Care for two children under 1 yr. old (Full-time, 50 hrs/week, paid Fed holidays off, summers off unpaid)
-Light child-related housekeeping

Pay: Total of $400/week -$1600/month- ($200/weekly per family)

Do we stand any chance of finding a great nanny at this level of pay?

I doubt that you would find a bad, illegal nanny for that rate even for one child. You are paying below minimum wage.

Look into daycare.

[Anonymous]

WAY off base. For a 50 hour week, you should be paying closer to at least 880 per week total.

And summers off unpaid? Heck no. A daycare wouldn't even let you get away with that.