How do Nanny Shares Really Work?

[Anonymous]

We are thinking about transitioning from a FT nanny to a share. While I think this may save us some money and give our baby a companion, I am concerned about how these work in reality (issues with payrate, taxes, late parents, etc.)? Any have any insight? Easy transition? Worth the savings?

[Anonymous]

This has been discussed on this forum at least 100 times. I suggest that you do a search.

[Anonymous]

If you're transitioning from having your own nanny than you're going to become annoyed. Set aside the financial aspect, you have to remember your nanny is no longer just yours and won't be able to accommodate all your needs or requests. You will have to find coverage when your child is sick and negotiate everything with the other family. In order for it to work you're going to have to be laid back and prepared. I found most parents who switch from have a caregiver only for their child, to one they share with other to need up irritated a lot more. Nannyshare are in some cases closer to being like a daycare so you need to have daycare mentality.

Financially, you pay taxes and everything separately from the other family. You are responsible for your own share and cannot combine. overtime policy you will need to discuss with the nanny.

[Anonymous]

Thank you - I figured this would not be as easy as it initially sounded! And will search for other posts on this...

[Anonymous]

Anonymous wrote:This has been discussed on this forum at least 100 times. I suggest that you do a search.

I kindly agree.

[Anonymous]

OP, wait another year. Juggling two babies who aren't used to each other is extremely stressful. Obviously you can do it if you had to, but I wouldn't. Just try it for a few hours.

[Anonymous]

There are share families with older kids. We had to re-match our share when our kid was 12 months and then again when he was 20 months.

The way you handle all the issues that you brought up is that you set them down in the contract. You have a three-way contract, signed by each family and the nanny. Negotiate with the other family what all the expectations are, and you'll have a smoother time of it. Think through all the contingencies, and try to find a family that you click with.