If you were a billionaire ...

[Anonymous]

What salary would you pay your highly qualified/educated/experienced nanny that works about 60hrs a week?
What would you give her as a yearly bonus?

I have a nanny friend in NY who earns $85,000
And who got a $1000 bonus. She has worked 4 years for billionaires without a raise. She is top notch! But to sweet to ask for what she is worth.

How would you compensate your nanny if money wasn't a problem?

[Anonymous]

I don't see why I wouldn't, but then I'm not a billionaire. It also probably has much more to do with the kind of people the nanny family are rather than their financial situation. There is probably a very similar number of both rich and middle class families who are very generous and who count every dollar.

[Anonymous]

The major issue is how we Americans tend to look down on caring for little children. "Anyone" CAN'T do it. Hence, the problems we have when the children get older. Poor, neglectful, uncaring childcare usually has very unfortunate consequences, no matter who's doing it. Depression in middle and high school is very real among our richest kids.

But hey, we got a cheap nanny AND a big house.
No one can have it all, people. It's the biggest lie being sold to parents today. We're sacrificing our children most of the time in favor of social status and creature comforts.

If you "can't afford" good childcare, you're going to pay the price down the road, one way or another. Believe me.

Perhaps reconsider your priorities before it's too late.

[Anonymous]

In my area that job would be around $100,000-$150,000 a year for a high quality, experienced candidate. But my area is very competetive for childcare. The bajillionaires who have moved out of my city to the hamptons don't pay as much- closer to $85,000. If i had unlimited resources I would provide the most competitive rate possible both to attract qualified people and keep them.

[Anonymous]

If I were a billionaire, I wouldn't need to work, and I wouldn't need a nanny. And your friend needs to ask for what she is worth. There are any number of articles on google on how to ask your boss for a raise. If she values "being sweet" over getting paid what she is due, that's on her.

[Anonymous]

Anonymous wrote:If I were a billionaire, I wouldn't need to work, and I wouldn't need a nanny. And your friend needs to ask for what she is worth. There are any number of articles on google on how to ask your boss for a raise. If she values "being sweet" over getting paid what she is due, that's on her.

I agree, but you fail to acknowledge the fact that many parents tend to avoid that good business nanny. They're attracted to the ones who'll put up with almost anything.

What kind of nanny do you have?

[Anonymous]

Anonymous wrote:

Anonymous wrote:If I were a billionaire, I wouldn't need to work, and I wouldn't need a nanny. And your friend needs to ask for what she is worth. There are any number of articles on google on how to ask your boss for a raise. If she values "being sweet" over getting paid what she is due, that's on her.

I agree, but you fail to acknowledge the fact that many parents tend to avoid that good business nanny. They're attracted to the ones who'll put up with almost anything.

What kind of nanny do you have?

Honestly, I know that my nanny would ask for a raise if she felt she deserved one.

But I have been in the place of this nanny, afraid to ask for what I deserved at work because I wanted them to like me or see me as a good value. I think that a lot of women on here have, nannies and MB's both. I am sure that I have seen studies that women are so much less likely to ask for raises than men. Your friend doesn't have to be the "business type" to ask for what she deserves. Just schedule a meeting with her employers and ask.

[Anonymous]

If I were a billionaire I would still pay the market rate for everything? I wouldn't start tipping 100% on meals or insisting my car salesman charge me an extra $10k so he can have a merry Christmas?

[Anonymous]

Anonymous wrote:What salary would you pay your highly qualified/educated/experienced nanny that works about 60hrs a week?
What would you give her as a yearly bonus?

I have a nanny friend in NY who earns $85,000
And who got a $1000 bonus. She has worked 4 years for billionaires without a raise. She is top notch! But to sweet to ask for what she is worth.

How would you compensate your nanny if money wasn't a problem?

Why would a nanny be worth more than $85,000? If she thinks she is worth more she is more than welcome to quit and find a job that pays more than $85,000.

Or are you saying she is only worth more when it's for billionaires because they have money and should just give it away to people...

[Anonymous]

For the record,

I'm almost sure I know who your "friend" is. She has posted on here several times giving way way too much information about her job. Then posted on several nanny groups on Facebook with similar information, so it was easy to figure out. You might want to tell her to be more careful with the information she shares.

If it is who I'm thinking of-

She works in NYC taking care of one toddler/young preschool aged boy. She works 5 days a week 24 hour coverage making 85K. She is Jewish and complained about not receiving any sort of gift for Chanukah this year.

[Anonymous]

This thread is an excellent illustration of how little some parents value the care of their own child. It explains why they care only about how cheap can they be.

Then they're so shocked when something goes horribly wrong.

[Anonymous]

Anonymous wrote:For the record,

I'm almost sure I know who your "friend" is. She has posted on here several times giving way way too much information about her job. Then posted on several nanny groups on Facebook with similar information, so it was easy to figure out. You might want to tell her to be more careful with the information she shares.

If it is who I'm thinking of-

She works in NYC taking care of one toddler/young preschool aged boy. She works 5 days a week 24 hour coverage making 85K. She is Jewish and complained about not receiving any sort of gift for Chanukah this year.

So $85,000 comes to about $13/hr?

I'll stick with my normal schedule at $25/hr and enjoy my life instead.

[Anonymous]

Anonymous wrote:If I were a billionaire I would still pay the market rate for everything? I wouldn't start tipping 100% on meals or insisting my car salesman charge me an extra $10k so he can have a merry Christmas?

Exactly I would pay market rate as well. For good work performance I would give bonuses maybe twice a year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If I were a billionaire I would still pay the market rate for everything? I wouldn't start tipping 100% on meals or insisting my car salesman charge me an extra $10k so he can have a merry Christmas?

Exactly I would pay market rate as well. For good work performance I would give bonuses maybe twice a year.

There is no 'market' rate when most domestics are still paid off the books with no job benefits.

[Anonymous]

Anonymous wrote:

This thread is an excellent illustration of how little some parents value the care of their own child. It explains why they care only about how cheap can they be.

Then they're so shocked when something goes horribly wrong.

What on earth are you talking about? There are a wide range of salaries that still ensure the well-being of my children, and it's all still completely disconnected from my own income.

You sound like an entitled jerk.