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Reply to "Annual increase in compensation? How much? "
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[quote=nannydebsays]OP, is the $15/hour her "average" rate, or does she make $15 for the first 40 and then $22.5 for the rest of the hours she works? I'm going to assume that she makes $15/hour **average**. if that's not correct, then my answer would change a bit. I think a 3% raise of her gross now, and then a 10% raise of her gross when baby comes would be adequate. Yes, that will put her hourly at $15.45 now, then at $17 after the baby comes. But if you are then done having kids, and you give her 3% per year thereafter, you won't hit that $19/hour average wage for several years. (2014, $17.51. 2015, $18.03. 2016, $18.59. 2017, $19.17.) At that point, both your kids may be in some sort of preschool program half days for several days or more per week, and you can re-evaluate.[/quote]
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