Reply to Help me figure out a fair rate!

Forum Index » Employer Issues

Reply to "Help me figure out a fair rate!"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]OP don't let yourself get confused by the different factors. You also shouldn't listen to some of the crazy inflated rates that you hear on this board. Trust me paying more does not get you a better nanny.

1. Identify the non-negotiables legal, driving, how much experience etc
2. Identify fit factors  or desirable qualities - high energy person who wants to go to many activities or do have lots of things to do around your house and want someone who stays in more, do you need flexibility in time or is your schedule predictable, do you have any parenting philosophies that are really important to you (CIO, AP, health foods, no TV, outdoor time everyday, want your child to be exposed to another language whatever), and other desirable qualities understanding that as you interview nannies you may or may not change your mind
3. Budget for around $12-$15 an hour average per 50 hours and factor in an extra 10% for taxes, workers comp etc. Negotiate in terms of weekly gross/hours and in your contract specify the base rate and OT rate. There are nanny calculators that will give you the base/OT rate from your weekly gross/hours.
4. Think through your compensation package but don't put everything on the table. Nannies are more focused on weekly pay so loading on all the extras doesn't make too much of a difference and doesn't leave you with anything to add down the road.
 5. For PTO, its common to offer one week at the employer's choosing and one week at the nanny's chosen, a few sick/PTO days and a list of paid major holidays. 
6. Negotiate with candidates as everyone will ask for a few dollars than their actual rate. In your reference check, check the previous compensation package to understand whether you nanny will have expectations that she didn't raise in the interview (previous employer let her take leave without pay for a month). [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics