Only a very dumb - or very desperate - nanny would accept this OP. I honestly doubt you will find even an inexperienced, undereducated nanny who is legal at this rate. But, as PP suggested, try it and see for yourself. |
$850/week for 50 hours works out to $15.45/hour. That's okay but not amazing. You cannot salary a nanny--a nanny must be paid hourly and must be paid overtime. |
If you know of an available nanny who'd work for $15.45/hour, you should tell OP. That rate is too low for a good legal nanny in this area. |
I hired a nanny this spring, in Montgomery County, for basically this identical set of hours, compensation and benefits. I have two preschoolers.
I received something like 60 applications, and at least 20 of those were feasible candidates. I required legal work status, paid on the books, excellent driving record and own transportation, prior experience, and fluency in English. I had several qualified applicants. And I had some who wouldn't consider that rate (though why they bothered to apply and waste all of our time I don't know) which is fine. If I hadn't found someone I liked at that dollar level I would have reconsidered. But I found someone great. OP will have qualified applicants. If she doesn't like the pool of applicants at her rate she can always go up. |
I actually don't believe you, PP - you are either lying or have very low standards for "qualified nanny". Anyway, OP, try it at your rate and see that happens. |
Look, I really posted here for MB reactions as I knew what the response would be from nannies on this board.
I will say that for our first nanny, we paid substantially less than the package I am proposing now -- and she was great although not experienced. She was better in most ways than our current part time experienced and educated nanny who we pay $20 an hour. (We only needed substantially fewer part time for several years and our first nanny needed full time) I was wondering what kind of pool we'll get at this middle rate - and I think I have had some good responses. And yes - it is a benefit to guarantee hours: hourly means hourly. When I used to work hourly at a non-nanny job, I didn't get paid if my employer changed my shifts last minute on me. It would be nice to be able afford the $60,000 annually for nanny taxes and salary that I know the nannies on this board say are standard for 50 hours a week, but we just can't. Not many can. When I ran this current package through Breedlove, it was about a $46,000 obligation annually for us, including taxes. |
Actually, $48k at 50 hours. A salary of $44,200. My husband has issues even with this much as it was more than he got for a long time in the army. |
I am an MB and I responded above that your hourly was too low for a good nanny. Try it your way and see how it works out. |
OP, the only way for you to determine if you can truly afford a nanny is to advertise the job at $15/hour and see who applies. If the applicants you screen and interview are up to your standards, then you've hit the jackpot.
But if the applicants are not people that you would want to hire, you will either have to up the wage or find a family daycare or large daycare to use. And with a lower than average wage, you run the risk of a lot of turnover once your nanny figures out that others in her circle get paid more for the same amount of work. |
Your rate is definitely a good one and ignore the crazy nannies on here who tell you otherwise.
Breedlove has been quoted in some years back saying most nannies have a hard time passing the $30k/year threshold. That tells you a lot. You will get tons of candidates. I had a similar experience to the 16:35 poster and I searched in McLean. Higher pay does not equal better nanny. It is really luck of the draw and you need to keep drawing until you find someone you feel good about. Your rate and conditions are more than reasonable. |
Park Slope Parents Nanny Compensation Survey results:
http://www.parkslopeparents.com/ IMPORTANT FINDINGS Pay Findings for full time nannies: $15.93 per hour for 1 child ($.82 more than 2013) $17.33 per hour for 2 children ($.87 more than 2013) Part-time nannies continue to make a higher hourly rate than a full-time nannies: $17.43 per hour for 10-20 hours vs. $16.05 per hour for 50+ hours Time Off: The average agreed upon days off is 15 days, while the reported days actually received is 21 days. 6 in ten (63%) try to give their nanny time off of the nanny's discretion. Raises & Bonuses: The most common raise given is $1.00 per hour. Giving bonuses continues to be standard, with 1 week's pay given the most common amount. This is for NY. If anything I expect DC pay to be lower than NY. |
Again, another MB encouraging OP to look for a good nanny at this quote price and see what happens. I seriously doubt she will find a half-way good, legal, on-the-books nanny for a smidge over 15 an hour but she should certainly try.
There are millions of bad nannies out there - DS's nanny and I see them all the time - and they make up a large portion of what people are quoting as the average rate. |
Had a nanny for 3 years, started at $19/hr then up to $21ish an hour (incorporated health care as part of it).
I'd say your rate is competitive with what I was asked for. In reality we all understand the paying by the hour as the agreement - but I found nearly all the nannies were most interested in what their take home was at the end of the week as their baseline, so good to have that figured out (working backward in their mind from covering their own needs) and having a 'guarantee' of that. For PP, DC is actually often the highest paying nanny market b/c so many people actually pay on the books due to govt jobs and heightened sensitivity for doing taxes compared to the rest of the country, including NYC. |
I can tell you that most nanny jobs in NYC pay less than the DC area. (Worked there recently.) |
Families who can afford 60K and up for the nanny don't need to waste money on nanny payroll companies. They already have CPA's to handle all family finances. You should know that. |