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Reply to "Annual increase in compensation? How much? "
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[quote=nannydebsays][quote=Anonymous][quote]I would suggest doing 5% for each event. This is actually pretty generous and even though it puts her over market as her ability to command an extra 10% on the market isn't likely in one year, it doesn't put her way over market.[/quote] This is insane. So is your follow up, OP. $15/hr is high for a nanny in Bethesda. It is not remotely a lower rate. Also, your bonuses are very high. You might be pleased enough to give that much, but it is way out of market line in this area. [b]Since the annual review and new baby are happening at the same time, either combine them into one ($16/hr...very well paid for the area...or split them and offer $17/hr...high, but not crazy high.)[/b] You are overpaying from the outset.[/quote] So 5% for an annual raise and 5% for a new baby raise is insane. I just can't keep from mentioning here that $15 + 5% = $15.75. And $15.75 + 5% = $16.54 So I guess YOUR suggestions are completely freaking absurdly psychotic, right? :roll: [/quote]
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