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Reply to "what is the going rate for nanny shares and nannies?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Please. In what industry does increased experience not also mean more cost to the employer ie. a higher salary to the employee? If you want to hire someone with a ton of experience, you should expect to pay at the higher end of salaries. If you don't want to pay at the higher end of salaries, 20 years of experience better not be on your list of requirements. It annoys me to no end when I see silly first time parents asking for the world in a nanny, but don't want to pay for it. It is disrespectful, and disingenuous of you PP to act as though experience is not a huge factor in the quality of the nanny. To most parents, that is one of the biggest factors, even more so than education level. [/quote] This is true but it is true up to a point - in that your salary does go up with years of experience, but it does not do so indefinitely. In every professional occupation (as well as nannying), you will eventually hit a point of experience at which further additional years in the profession no longer generate an additional return. Every profession has a pay ceiling through which it is highly uncommon to break through. Furthermore, the nanny field is disadvantaged in that you may accrue experience and annual raises during your stay with one family, but you are likely to take a pay cut when you start a new job (inevitably) [b]because your countdown of annual raises now has to start anew. [/b][/quote] This is the disconnect, and why I don't understand parents who think this way. A worker stays with a particular company for a good number of years, gaining experience and new skills. That employee decides to make a switch to a new company. That company would not offer that employee the same salary they would a green employee. They offer a salary commensurate with experience. You don't start all over with each new job. Why is it okay to do this to a nanny with significant experience and proven longevity with a family? I have been nannying for 6 years now. I started as a college student making $12/hour working a few hours per week. I have increased my experience, my skills, and my references with each new position. I have never taken a pay cut for a new job. I agree that there are ceilings to your earning potential unique to each profession, but I completely disagree that a nanny has to climb the ladder all over again with each new job. If done correctly, a nanny should be increasing her skills and experience base with every position, and seeking out more challenging but more lucrative jobs, like any professional. I went from sitting a few hours per week at a low rate for a professor at my school, to caring for infant triplets for a very wealthy family making money that makes my family's jaw drop when they question my income. However I don't argue that the ceiling exists, and I will be "retiring" from nannying in another year because of it. [/quote] The thing is though, that's not true of all professions. In fact, I'd say in most professions if you make a lateral move you salary wouldn't change much. If you switch jobs into a higher position you'd get a higher salary but if its a similar position your prior experience won't help. My husband and I are both physicians and when we moved recently to be closer to family we both took pay cuts despite having years of experience. Our experience helped us get jobs in an oversaturated market, however, starting salary is starting salary whether you have 10 years of experience or are just out of residency. I have friends who are lawyers and they say the same thing. That's why it's so bad when a lawyer doesn't make partner because if they leave, regardless of their prior experience, they have to go back to a starting associates salary again. For people who aren't lawyers or doctors its still the same thing. Some companies may pay more than others for the same job but in general a position pays what it pays regardless of past experience. Experience helps you get a job and if there is room for negotiation on salary it can help but there is usually a cap and experience doesn't automatically equal higher pay. [/quote]
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