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Reply to "Confused by salary discussions--do these rates include benefits, taxes, etc?"
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[quote=Anonymous]the trick for me figuring out how to translate a weekly "salary" (which is easier for me to figure out in our budget) into an hourly rate that nannies seem to use was to do the algebra for a 50 hour week with OT --- i.e. 40x+1.5x(10)=weekly amount....or (weekly amount)/55=Gross Hourly.... if you're a numbers person, that may help you figure this out. We include a transportation amount in that amount, and then also add in a holiday bonus and average that into the hourly. All of this is spelled out in the agreement. vacation/sick/paid holidays are listed separately, and we don't calculate that into the rate because we assume a 52 week schedule of 50 hour weeks, rather than tracking hours and paying retrospectively. It works out more like a salary that way.[/quote]
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