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Reply to "Gut check on our budget for nanny comp"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Hi there, was wondering what sort of nanny we would be looking at for a budget of ~14.25/hour (blended... so ~$13/hour regular + 19.50 at OT)? Will offer 2 weeks paid time off, plus 3 sick days, and of course major holidays. 2 kids, one in preschool 5 days/week, one toddler not yet in preschool. [b]Also have a car nanny can use for any transportation needs while with the kids[/b]. Are we in line with market or not? Would like to gut check this before we start looking for candidates. [/quote] You are below market, for sure. Many nannies make $17-$19 as a base rate, and [b]you're[/b] overtime rate is about that. How many total hours is the position? On top of that, your sick days are low (5 days is standard). The bolded is not a nanny perk, you are simply providing the equipment for her to do the job, so I'm not sure why it's included in the description of your compensation package.[/quote] Correction: that should say "your".[/quote]
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