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Reply to "going from one family to share--what raise?"
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[quote=Anonymous][quote=Anonymous][quote=nannydebsays][quote=Anonymous]OP here. Nanny will be going from a two child situation to a two child situation--not doubling the workload. She will have a 20 month old and a 26 month old. The share rate would be be 18.50/hour. WIth 40 hours plus 10 overtime that works out to 57,700. a year. Its a lot more than what I made in my 30s, while paying off college and grad school loans![/quote] Actually, her yearly would be $52,910. {18.5 x 55 x 52} as opposed to her current yearly which is 17 x 55 x 52 = $48,620. $4,290 isn't enough money to make up for the headaches of a share in most cases. And unless your older child will never ever ever see nanny and be in her care, nanny is in a **3** child share. And even if that weren't the case, caring for unrelated toddlers is different from caring for siblings of different ages, and dealing with one set of employers is different from dealing with 2 sets of employers. Any days that your older kid isn't in school/aftercare, where will that child be? How will you compensate nanny for the third kid during sick days, vacation days, and school breaks? To answer your question, if nanny currently makes $17/hour, up her share rate to around 133% of that pay rate and divide the cost in a way that covers your needs for nanny to care for your older kid on occasion. 55/45, 60/40, whatever. Nanny will make $22/hour, you can pay $12 and still save $5/hour, $275/week or $14,300/year off of your current costs. Share family will pay $550/week for care.[/quote] I don't see why you need to bring an older child into this calculus. If OP meant for the nanny to care for him, she'd say so. The jump from $17 to $22 per hour seems a bit steep - remember, it's not for adding a child to the mix (since the # of children isn't changing), but to cover the hassle factor for two families. I would offer $19 to $20 and see what she says. It's up to the families and the nanny. I've been in two shares with excellent, experienced infant nannies. Paid $19/hr for one and $19.50 for the other.[/quote] What exactly do you mean when you say "excellent" and what kind of "experience"?[/quote]
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