How much does a Nanny Cost?
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Anonymous
HA! |
Anonymous
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Anonymous
I'm guessing the nanny has to live in the home to be a resident and get licensed. |
Anonymous
Not according to what I was told. Either the nanny lives there or a child lives there, but either way it can be licensed. |
Anonymous
When you get a license, it's for the care provider *and* for the space, and the person needs to be a resident of the home. |
Anonymous
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It depends. Are you planning on going through an agency or a site? How many people are you intending to interview, and how many interviews will be in coffee shops or the like? How much are you offering the nanny per hour, how many hours do you need, and are you planning on paying overtime as required when nanny goes over 40 hours per week? Do you need longer availability or is it a set schedule? (Better rates will draw more/better candidates, anything extra costs more, like language, education.) Are you paying on the books or off? On means that you will be approximately 7.5% of the nanny's salary to the IRS as the employer's contribution to SS and Medicare. Are you going to add the nanny to your auto policy, if she'll be driving your car? Are you going to pay the required unemployment insurance? Will you need a workman's comp policy? What benefits are you going to offer? Vacation weeks mean that you will need to take time off work or hire an interim person, who might charge more per hour due to the temporary nature. Health insurance could be extra money out of your pocket, but it's not taxed. Would the nanny be open to a gym membership (with the understanding that she also takes the kids during work hours)? Most nannies won't consider museum or zoo memberships a benefit, because they are unlikely to use them without your charges.
There is a huge range for what an employer pays. Someone paying off the books, no extra insurance, interviewing in their home and paying lower wages could pay as little as $300 per week (I've interviewed with families that topped out at $350/week for 65 hours), and there's a high turnover for nannies, because any other job looks better. On the other hand, an employer who is on the books, paying a decent to great wage, pays unemployment and workman's comp, possibly provides a nanny car and pays the insurance increase, maybe even provides health insurance has a better selection of nannies and more chance that the nanny will be happy to stay for several years. |
Anonymous
What office told you that? Or was it your girlfriend? 'Cause you're lying. |
Anonymous
| In addition to everything the above poster said, we have paid for CPR training and some families pay for vaccines. We also leave petty cash so they can go to lunch once in a while or other special activities ( and pay for Nancy's lunch/ entrance fee). Hidden costs I hadn't thought about in advance included increased homeowners and auto insurance rates (we let nanny use our car.). If she uses her own car for child related activities you will probably have to reimburse mileage. |
Anonymous
First call all the daycares in your neighborhood or near your offices. Take their prices down, that is your ballpark. Then decide how much more you would pay a nanny than that. We started ours at $15/ hour for year 1, one child, 45 hours a week. |
Anonymous
"The Hell of American Daycare" should not be anyone's ballpark. You're a fool to suggest that, but glad you got your bargain. Hope it works out in the long run. |
Anonymous
we're on year 4 and kid 2, it's worked out great, both kids are thriving, and she's up to $19/hour now. thanks for asking DCUM. 
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Anonymous
Hmmm. I called the office in Fairfax. You are welcome to call and ask. |
Anonymous
I'm afraid you're terribly mistaken. Did you get a name by any chance? I actually attended the most recent information session for potential in-home child care providers in Fairfax county. A fire inspector did part of the presentation. I specifically asked about nanny shares. They said full-time shares must be licensed, but you could do up to three days a week without the license. The resident caregiver and the house must meet their regulations. Lots of paperwork must be maintained, including monthly fire drills. And of course child proofing to the max. All household adults get a background check. I'd think nannies would appreciate that. Continuing education is required. I imagine both the nannies and parents would appreciate that, so some aspects are definitely beneficial. I'm afraid when this information gets out, more of these employers may get reported. Not sure what the penalties are. Didn't ask about that. But families may want to consider getting the license if they want to continue with the nanny sharing. Plus, they could get the correct homeowners' insurance to cover the nonresident child(ren). That would be a good thing. |
Anonymous
I don't have the name anymore, I gave it to the parents of the proposed share. I knew that that share wasn't allowed anyway, there would be four children under 2 and a fifth under 3 to start, and within 6 months there would be 4 under and 2 between 2 and 3, three families. I told them that they would be two care providers and a license and they told me I didn't know what I was talking about, so I called, got the information and a name, and gave it to them. Never heard from them again, which isn't surprising. |
nannydebsays
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No, a nanny is the most expensive type of childcare, unless you have more than 3 kids. A daycare near me charges $350/week for an infant, $300/week for a toddler, and $250/week for a preschooler - so at $900/week, you are close to nanny wages ($16.36/hour and $24.54/hour OT) for a 50 hour week caring for 3 kids. You cannot, however, expect to find decent nanny care for an infant for $350/week. $6.36/hour gets you nowhere. |