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Reply to "How much should nanny raise be?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We give a raise of a dollar an hour per year. [/quote] Thanks! Do you think each family should do $1 each for a total of a $2 raise?[/quote] How long will you have this nanny? If this is the second and last year, then, sure, go for $2/hr.. That is a huge raise, though (probably close to 10%), and if you are planning to keep her on for more years, you might consider what rate of increase is sustainable in the long run. Also, how much more does the other family pay? Do you know? Is there a specific reason they pay more? I might consider having the "share" (families together) give her $1/hr (.50 each), but you come up to the same rate the other family is paying. So it works out as a greater raise without setting the expectation that she is going to get a huge raise every year. If the other family pays more because they have more children in the share, that obviously wouldn't apply.[/quote]
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