I would happily accept this offer. However, like a previous poster, I also live below my means. If I was living paycheck to paycheck, I might not be afford to be able to do so - regardless of whether or not I wanted to do so. I think it's a great offer, OP, and definitely one worth making if it works for your family. If you suspect that nanny might be worried about the income loss, you could offer to be a reference, if she wants to apply to some evening/weekend jobs. Perhaps worded along the lines of, "If you are interested in accepting our offer, but prefer more hours, we would be happy to provide an excellent reference for you to families you find seeking a date night sitter."

Sounds like a fair and good offer.

Would you be willing to perhaps look for another share in the process so she can hopefully one day make the same amount she was making prior? That is just assuming she has a lot of bills to pay for.

Anonymous wrote:I think you're getting gut reaction responses OP, and yes on the surface this sounds awesome. However, I would not be happy in the long run making over $400 less per month, and I don't know what nanny would be. That's the majority of my rent money right there. The extra vacation would be nice but it doesn't pay the bills. And as a nanny who works shares, having one kid every day would bore me to tears and your nanny may be like me, or she could relish the thought of an easier job, who knows. All of that being said, if your nanny turns you down, you have a wonderful package to offer someone who isn't used to making more and wont see it as a $400/month pay cut.

This nanny would. I'd gladly take a lesser salary for more vacation time!
OP, all you can do is ask. Worse case scenario is that your nanny says no and you need to move forward from there and decide the next steps to take.

As PPs have pointed out, it's tough to take a pay cut, but we don't know your nanny at all. Maybe she's dreading the thought of interviews and would be much happier to stay on with your family, and the extra vacation days are a nice perk! Certainly make the offer to her, recognizing that everyone's priorities are different and it may or may not work for your nanny (but would certainly work for someone else if it doesn't for her).

Anonymous wrote:I think you're getting gut reaction responses OP, and yes on the surface this sounds awesome. However, I would not be happy in the long run making over $400 less per month, and I don't know what nanny would be. That's the majority of my rent money right there. The extra vacation would be nice but it doesn't pay the bills. And as a nanny who works shares, having one kid every day would bore me to tears and your nanny may be like me, or she could relish the thought of an easier job, who knows. All of that being said, if your nanny turns you down, you have a wonderful package to offer someone who isn't used to making more and wont see it as a $400/month pay cut.

I agree.

I might accept this pay change but keep a major eye out for a higher paying job.