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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?[/quote]

I think it's something employers usually initiate. [/quote]

Unless I was somewhere near the end of the time I needed a nanny, how would we do this? How do I know going in that it's a one-year job, or a four-year one? What if I have another child? Do I owe her the bonus when the first deadline is reached, even though we will employ her for more years? What if, after the first year, we don't want to renew her contract? Then do I owe her this retention bonus that was due many years down the road because it wasn't her choice to leave?

I can see that in certain situations, this would make sense (like you're a military family who knows they are leaving in X years), but otherwise I'm not sure how you would put this in a standard nanny contract.[/quote]

It works for certain situations where the job has an approximate end date and the employee-employer relationship has been mutually satisfactory.  [/quote]

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