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Reply to "Average cost of a nanny share?"
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[quote=Anonymous]We pay in our nanny share 9.50 per family per hour ($19/hr total). Our total expenses including taxes, bonus, transportation stipend, insurance contribution, fees associated with a payroll service, workers comp insurance is around 25k/year for our family alone. Here are some additional expenses besides the hourly rate to think about (not all are necessary of course!): - Raises (we did ours at the 6 month mark and the 18 month mark), anywhere from 50cent to a dollar each time is about right - Bonuses (we do it at Christmas and the anniversary of her start date) - Monthly health care contribution (note that this is not considered income for the nanny so you don't have to pay taxes on it) - Monthly transportation stipend - Fees associated with a payroll service; we use Breedlove. I highly recommend them - Workers comp insurance, if you are hosting the share Hope this helps! A nanny share isn't inexpensive, but it allows us to retain a great nanny that we wouldn't otherwise be able to afford on our own. It's also been a wonderful experience for our little girl. [/quote]
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