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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not related to general notice, which should be mutual.  If a nanny works for a family for a few years and the employment is ending on good terms, does the nanny typically get severance/bonus at the end of employment?  How would employers feel about adding severance into the contract for the final year of employment?  Let's say nanny's final day will be the day before child enters school.  If the nanny stays through the last day she will receive said amount of bonus.  Otherwise, why wouldn't the nanny start looking for a job sooner and give appropriate notice when she finds a new job?[/quote]

Sounds like a good idea to me. Why not maximize the benefits to your child?[/quote]

That is not severance. It is a retention bonus. Nothing wrong with that if you and the nanny agree to it.  Back in the late 60's, my dad (who was ahead of his time in many ways) put away a special bonus every year for our overseas household employees with the contingency that they would receive it, with interest, at the end of their employment if they remained with him the whole time. When we left three years later, the ones who stayed were thrilled to have so much money.  [/quote]

Exactly.  It's fine to negotiate a retention bonus if the nanny and the parents want to, but it's not severance.  [/quote]

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