Anonymous
Post 02/11/2015 03:04     Subject: s/o Severance
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


Yes. You'd need to perform first. You may get a gift on your last day of the job, it may include some cash, but you will not be inserting a clause dictating your gift.
Good luck.



OP here. I would not recommend it unless you had an end date set. Let's say you've been a nanny for three years. As your employer gives you an end date, all children will be in school, at that point would you be put off by nanny asking for a retention bonus added to the contract. It would simply be an incentive for nanny to jeopardize her income to stay available to the family she works for. Seems logical, win-win.


That's an odd way to put it. The nanny is guaranteed to receive the income she is entitled to by working until the contract ends. She is not jeopardizing her income unless she doesn't work for it.
Anonymous
Post 02/10/2015 21:31     Subject: Re:s/o Severance
Anonymous wrote:
Anonymous wrote:
OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


Yep, I would. A bonus is solely at the discretion of the employer. An employee can't demand it.

Neither can employer demand how long to stay with her job.


No one is saying that here, PP. This thread is about retention bonuses. Obviously, a nanny can leave a job anytime she likes for whatever reason.
Anonymous
Post 02/10/2015 21:14     Subject: s/o Severance
Anonymous wrote:
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


Yes. You'd need to perform first. You may get a gift on your last day of the job, it may include some cash, but you will not be inserting a clause dictating your gift.
Good luck.



OP here. I would not recommend it unless you had an end date set. Let's say you've been a nanny for three years. As your employer gives you an end date, all children will be in school, at that point would you be put off by nanny asking for a retention bonus added to the contract. It would simply be an incentive for nanny to jeopardize her income to stay available to the family she works for. Seems logical, win-win.
Anonymous
Post 02/10/2015 19:15     Subject: s/o Severance
Anonymous wrote:
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


Yes. You'd need to perform first. You may get a gift on your last day of the job, it may include some cash, but you will not be inserting a clause dictating your gift.
Good luck.


Smart nannies don't perform for people like you.
Anonymous
Post 02/10/2015 19:10     Subject: s/o Severance
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


Yes. You'd need to perform first. You may get a gift on your last day of the job, it may include some cash, but you will not be inserting a clause dictating your gift.
Good luck.

Anonymous
Post 02/10/2015 18:41     Subject: s/o Severance
Anonymous wrote:
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


Yep, I would. A bonus is solely at the discretion of the employer. An employee can't demand it.

Neither can employer demand how long to stay with her job.
Anonymous
Post 02/10/2015 17:13     Subject: s/o Severance
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


Yep, I would. A bonus is solely at the discretion of the employer. An employee can't demand it.
Anonymous
Post 02/10/2015 17:00     Subject: s/o Severance
Anonymous wrote:Let's say you have a nanny that you want to work through the end of the summer until your child enters kindergarten. Both of you know that the job will be ending around this milestone. You could offer your nanny a retention bonus to stay until September.


Yes, this. I would not put a retention bonus in a contract unless it was for a very finite period of time. But I would offer it as an incentive to stay through some period like the one detailed above.
Anonymous
Post 02/10/2015 16:43     Subject: s/o Severance
Let's say you have a nanny that you want to work through the end of the summer until your child enters kindergarten. Both of you know that the job will be ending around this milestone. You could offer your nanny a retention bonus to stay until September.
Anonymous
Post 02/10/2015 16:39     Subject: s/o Severance
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


I think it's something employers usually initiate.


Unless I was somewhere near the end of the time I needed a nanny, how would we do this? How do I know going in that it's a one-year job, or a four-year one? What if I have another child? Do I owe her the bonus when the first deadline is reached, even though we will employ her for more years? What if, after the first year, we don't want to renew her contract? Then do I owe her this retention bonus that was due many years down the road because it wasn't her choice to leave?

I can see that in certain situations, this would make sense (like you're a military family who knows they are leaving in X years), but otherwise I'm not sure how you would put this in a standard nanny contract.


It works for certain situations where the job has an approximate end date and the employee-employer relationship has been mutually satisfactory.
Anonymous
Post 02/10/2015 15:57     Subject: s/o Severance
Anonymous wrote:
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


I think it's something employers usually initiate.

I think most nanny employers need help with thinking of "win-win" options.
Anonymous
Post 02/10/2015 15:36     Subject: s/o Severance
Anonymous wrote:
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


I think it's something employers usually initiate.


Unless I was somewhere near the end of the time I needed a nanny, how would we do this? How do I know going in that it's a one-year job, or a four-year one? What if I have another child? Do I owe her the bonus when the first deadline is reached, even though we will employ her for more years? What if, after the first year, we don't want to renew her contract? Then do I owe her this retention bonus that was due many years down the road because it wasn't her choice to leave?

I can see that in certain situations, this would make sense (like you're a military family who knows they are leaving in X years), but otherwise I'm not sure how you would put this in a standard nanny contract.
Anonymous
Post 02/10/2015 15:29     Subject: s/o Severance
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


I think it's something employers usually initiate.
Anonymous
Post 02/10/2015 15:14     Subject: s/o Severance
Anonymous wrote:OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?


Depends on how you put it. I mean, asking for it might make a parent think that you otherwise plan to bail early and that they should give you the least amount of notice possible. But I can imagine presenting it in a way that isn't off-putting.
Anonymous
Post 02/10/2015 15:07     Subject: s/o Severance
OP here. Yes, a retention bonus is the correct term!

Would bosses be put off by a nanny requesting this in the contract?