Anonymous wrote:I'm an MB and generally think nannies are undervalued...but $25-30 an hour seems really high to me. That is the hourly wage I made working as a bachelors-prepared ICU nurse.
Granted, taking care of 5 kids is hard but not a ratio that seems crazy since the ratio for kids in a daycare is around that. It also doesn't sound like there many hours that the nanny would have all 5 kids at the same time.
$25/hr is not an outrageous rate for a nanny-share with only three children in it, though, so although it is a large expense for one family to pay it isn't a crazy range in this field.
And if you took the time to compare the cost of daycare, after-school care, and transportation of the five kids vs. this higher hourly rate for a nanny...I bet you'd find that $25-$30/hr was actually a VERY cost effective alternative.