Anonymous wrote:Anonymous wrote:MB here.
The only thing I would add is to consider what you want to do if a candidate asks to be paid out the health care stipend. In our experience, most candidates wanted the cash instead of the stipend. I really struggled with this, but in the end it really felt too paternalistic to insist we would only pay it as health care. I think either decision is fine, but I can almost guarentee it will come up.
PP, what do you mean "cash instead of the stipend"? Stipends are cash (or check) payments by definition...
OP, this would be an excellent and very attractive job for experienced and qualified candidates, you don't need to "settle" at all so definitely be very thorough in your hiring process. There is no problem with your nanny having care of all 3 children at any time and you don't need to offer any additional pay or compensation for that.
Anonymous wrote:Another MB here. I'd say this sounds like a great job. Re the health insurance - I'd list that as "up to $400/mth" as costs can vary and can be significantly cheaper depending on the individual.
Also, we give our nanny money towards insurance coverage but were given very clear legal advice that this kind of benefit needs to be supported by documentation that the nanny has obtained (and is maintaining) health insurance, and that the money we are giving here is expressly for that purpose and documented as such. Otherwise it is considered taxable income (taxable to all parties).
So the cash compensation issue, while it may come up, falls under the decisions about legal pay/on the books/taxation etc...
Good luck!
Anonymous wrote:MB here.
The only thing I would add is to consider what you want to do if a candidate asks to be paid out the health care stipend. In our experience, most candidates wanted the cash instead of the stipend. I really struggled with this, but in the end it really felt too paternalistic to insist we would only pay it as health care. I think either decision is fine, but I can almost guarentee it will come up.