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[quote=D-ATX]This is why I think it is important to have a nanny contract, and to revisit it often. You're present compensation seems very fair, but it is customary to expect an additional $1-$2 per hour increase for a new child. When it comes to COL, if my family had a threshold they couldn't afford to pass I would appreciate them being honest with me about it. You can both agree to set a limit on COL increase so that when she's with you long enough to reach that threshold, you can stop the COL increase within reason (it's something to revisit again if the city y'all live in experiences a huge COL increase; that's what's happening in my city right now.) After that point, you can decide to do a one-time annual bonus each year to show your appreciation; or you can offer her more paid days off per year. I just know that if I work for a good family, and if they've have always been respectful to me, I'd be willing to figure out some way that is fair for both of us. I think communication is important on this issue. It's important to be honest with each other so that the relationship stays intact without resentment. [/quote]

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