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Reply to "Annual increase in compensation? How much? "
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[quote=Anonymous][quote=Anonymous][quote]I would give her a $1/hour increase now and then another $1/hour increase when the baby comes. $17/hour for 2 young kids is pretty market.[/quote] No its not. $17 an hour for 2 kids is very high for a nanny who just one year ago was marketable at $15. There isn't much of cost difference between 2 kids and 1 kid for new jobs. If the OP wants to give the nanny more money, no problem, but this is over market. OP you also need to consider expectations for next year. Next year, she will be $18 which is now 30% over her market value. If you are looking to keep her for several years, think now about salary ceilings. [/quote] How can you say this nanny would not have commanded 17/hr a year ago for 2 children? She very well might have. In that case getting a bump to $17 merely puts her exactly where she should be- especially since she now has more experience. Neither one of us knows any thing about this nanny- so you can't possibly comment on what her services are worth. $1-2/hour for new baby and 3-5% for yearly raise are pretty standard. [/quote]
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