Help Me with Possible Salary for 4 Under 6

[Anonymous]

We're thinking about moving from having a SAHP to a nanny and two WOHPs. I'm confused by the hourly rates relative to expenses for benefits, etc., so please help my clueless self,

How much total should I expect to expend annually for a nanny who:

(1) Picks up the 5-year-old from K (I'll do drop-off);

(2) Does basic "educational" and "social" activities with twin 3-year-olds (I'm not asking for a lot, just that they aren't completely clueless when they get to K); and

(3) Cares for an infant?

I'm anticipating that the hours would be 8:30-6:30 M-F, although there may be some flexibility depending on the hours that the current SAHP ends up working.

I also anticipate that DH would do cooking and lunches like he does today, while I would do cleaning and laundry like I do today. If that's crazy, just let me know that too!

[Anonymous]

I would think you'd pay $20-26 an hour plus OT after 40 hours, and possible health insurance (or a portion) plus two weeks leave (their choice). You'd also probably need to provide a car with car seats as most cars cannot hold 4 kids plus car seats in/out. You'd also need workers comp.

[Anonymous]

Anonymous wrote:I would think you'd pay $20-26 an hour plus OT after 40 hours, and possible health insurance (or a portion) plus two weeks leave (their choice). You'd also probably need to provide a car with car seats as most cars cannot hold 4 kids plus car seats in/out. You'd also need workers comp.

This is where I get confused about the all-in annual amount. Let's assume $25/hour for 40 hours and $30/hour for the other 10 = $1300/week or ~$68,000. How much would be the health care on top of that? Also, isn't $75K out of pocket high for this area?

[Anonymous]

you are looking to pay 26-28$

[Anonymous]

OP here. Just to clarify, the HOURLY rates are what confuses me? I'm looking at what I should expect to pay all-in per year.

[Anonymous]

Op I'd be interested in this position do you have a way I could contact you?

[Anonymous]

75,000

[Anonymous]

75k is high but you have four children

[Anonymous]

Anonymous wrote:OP here. Just to clarify, the HOURLY rates are what confuses me? I'm looking at what I should expect to pay all-in per year.

Nannies are hourly employees by law. Figure out your hourly and do the math (including taxes and your tax deduction)

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP here. Just to clarify, the HOURLY rates are what confuses me? I'm looking at what I should expect to pay all-in per year.

Nannies are hourly employees by law. Figure out your hourly and do the math (including taxes and your tax deduction)

Yeah, I get that part, but I'm trying to figure out the "other" costs, like overtime and health care benefits. Very helpful so far!

[Anonymous]

Health care (you don't have to but its the responsible thing to do), taxes (your portion), workers comp, social security, unemployment, wear and tear on house, car and insurance, extra cleaning if nanny does not clean up after herself and child.

[Anonymous]

Anonymous wrote:We're thinking about moving from having a SAHP to a nanny and two WOHPs. I'm confused by the hourly rates relative to expenses for benefits, etc., so please help my clueless self,

How much total should I expect to expend annually for a nanny who:

(1) Picks up the 5-year-old from K (I'll do drop-off);

(2) Does basic "educational" and "social" activities with twin 3-year-olds (I'm not asking for a lot, just that they aren't completely clueless when they get to K); and

(3) Cares for an infant?

I'm anticipating that the hours would be 8:30-6:30 M-F, although there may be some flexibility depending on the hours that the current SAHP ends up working.

I also anticipate that DH would do cooking and lunches like he does today, while I would do cleaning and laundry like I do today. If that's crazy, just let me know that too!

I would think your total expenditure would be at least $70,000 a year. That is just salary. Add in whatever benefits and perks you need to get the person you want.

[Anonymous]

Anonymous wrote:We're thinking about moving from having a SAHP to a nanny and two WOHPs. I'm confused by the hourly rates relative to expenses for benefits, etc., so please help my clueless self,

How much total should I expect to expend annually for a nanny who:

(1) Picks up the 5-year-old from K (I'll do drop-off);

(2) Does basic "educational" and "social" activities with twin 3-year-olds (I'm not asking for a lot, just that they aren't completely clueless when they get to K); and

(3) Cares for an infant?

I'm anticipating that the hours would be 8:30-6:30 M-F, although there may be some flexibility depending on the hours that the current SAHP ends up working.

I also anticipate that DH would do cooking and lunches like he does today, while I would do cleaning and laundry like I do today. If that's crazy, just let me know that too!

If you have the sanity and space for a live - in nanny, think you can respect that she's off and not bother her, you could probably go as low as $40k. Otherwise, I agree with pps, you are looking at several issues.

The twins need to go out, more than just to pick up the k child. So, nanny is going to have to work out how to have twin toddlers behave in public while working around infant naps.

There's the hassle of getting all three down for naps which may or may not overlap, and the twins are moving towards no naps.

Getting 3 or 4 kids in and out of the car quickly is improbable.

I'm not saying that an experienced nanny can't do it; you can certainly find someone who can! But you are going to pay for her knowledge and confidence.

An experienced nanny might be grateful not to do lunch and kid laundry or she might be fine doing it. I know that I would have the twins and k child help sort by color, turn things right side out, all while playing peekaboo and does this clothing item go here on my body with the infant. It's not hard to juggle multiple tasks, it just takes wanting to do it, and having a modicum of sense.

[Anonymous]

Let's estimate $25 per hour base. That is high for this area, but not high for four young kids for this area.

$25*40 = $1,000
$25*1.5*10= $375
Weekly total for 50 hours = $1,375

Let's estimate 10% additional on top for taxes.

$1,375 + 0.1*1,375 = $1,512.50

You will generally pay this amount for all 52 weeks per year. So annual amount:

$1,512.5*52 = $78,650

So, the total cost for your nanny will likely be around $79k. Most nannies get two weeks of paid vacation. Often the nanny gets to choose her weeks, so you may need to factor in additional money for backup care then if you do not plan to schedule your own vacations around the nanny's vacations. Some employers offer a health insurance stipend of $100-$200 per month, but that is not super common.

If you are not in a very walkable area, then you will also need to provide a car. In that case, you need to factor in the extra cost of insuring your nanny. That can depend on a ton of factors, but I would maybe ballpark an extra $100 per month.

And, as a previous poster noted, it would be best for your twins if they all get out of the house every day. Over summer, they can go to the park and many free activities, but you may want to factor in some money for activities in the colder months. Whether you consider that a nanny cost is up to you.

[Anonymous]

I know nannies in this area who get $25/hour for one child. Can't imagine a nanny who'll do well with OP's boatload of a workload, unless she's super nanny AND a saint. Good luck with that.