There are several factors that are being considered in setting the salary rate for nannies. The value of their service and the quality of their service determine their salary. Past experience is also counted while determining a nanny’s salary.
Nanny’s salary ranges from different reasons such as experience, age, hours, responsibilities, number of children and more. For a live-in nanny, she/he could receive a salary with a minimum amount of 300$-400$ gross per week and could go higher to 700$-900$ for a more experienced nanny.
As an employer, you should have a clear agreement with your prospective nanny regarding the salary issue. Gross wage is before tax deduction and net wage is the actual payment to give your nanny. You should clearly define if you are withholding income taxes or you are not. Don't forget that Social Security and Medicare taxes are under your own responsibility.
Aside from the expected salary there are some nannies who are asking for other payments and compensation. Some are the following:
1. Cell phones expenses if she is using one as part of her job.
2. Health insurance
3. Paid Time Off
4. Others
All of these are depending on the agreed upon salary and benefits between the employer and the nanny.
A professional nanny should also receive some special bonuses and adjustments f the employer is satisfied with his/her job. One incentive that a nanny could get is a half year of yearly bonus for a job well done. Another incentive that baby sitters could get is an increase in their salary. One can get all of these benefits in just providing nanny services to a family who badly needed one.
Take Note:
When you are planning to hire a nanny from any agency you should be aware that there are other charges are included in the bill. These additional costs include agency application and program fee, annual nanny salary as well as the education fee along with the domestic airfare and a weekly cost to top it all.