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[quote=Anonymous]GUARANTEED HOURS:  MB will pay Nanny for a minimum number of hours, agreed upon before hire.  AKA, if for some reason MB only needs you for 38 hours one week, you will still get paid for the 40 hours since that is what was AGREED UPON (this is nanny's primary source of income and she needs to know what to expect each week).  This isn't an entitlement; it's something that you ask for prior to employment and do not accept a job if you require this and they don't agree to it.

BANKING HOURS: "We only need you for 30 hours this week, so we'll still pay you for 40, as agreed upon, but you'll owe us 10."  Then, those 10 hours are generally "made up" by the nanny on her normal off hours, like weeknights and weekends; thus seeming unfair to nanny.  Banking hours is, in my opinion, not fair, but that's because I've been burned by this in the past.  It does work for some nanny/family agreements however.

If an MB says to me "We have a Dr appt Wednesday morning so we don't need you until 10am.  Could you do 10am-7pm instead of 8am-5pm?"  I honestly wouldn't have a problem with this, if it was only an occasional thing.  My MB is very flexible with me, and I am with her.  It's when either party starts to take advantage that it becomes a problem.
For example, one of my first nanny jobs, I had guaranteed hours.  They went away one week and still paid me (as agreed upon).  When they returned, they asked me if I could "make up" the 45 hours by spending an entire weekend with the kids (Fri PM until Sun PM).  I agreed, because I was still new and thought it made sense.  Now I would never agree to that since it is just not reasonable for me.

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