So this is a topic I've been pondering for a while and I'm curious what others think.
Both my husband and I have already been notified by our employers there will be no raises and no bonuses this year - period. Normally we would get these in the fall, but expectations are being set now. In the end, we are just happy to remain employed as both of us had some scary moments (just last month I was doing my resume and starting to look for a new job).
With that in mind, how would you handle your nanny's salary - would you still give her a raise? Her 1 year mark would be Dec 1 (so right after DH and I would get our raises - under normal circumstances). I know when we hired her, she got a decent pay bump, and many other perks by working for us vs her previous employer.
Re: let's get some friendly debat going: should a nanny get an annual raise if neither parent (e.g. the
Raises are typically rewards for loyalty and/or performance.
They have nothing to do with your financial situation--unless you cannot afford to do it.
Do you like her? Do you have a contractual obligation to give her a raise? If either answer is yes, I'd be looking at ways to give her a reasonable raise. It's not hard to chip out 3% from your budget, I bet. (I say 3% because that is a pretty standard raise, if not cost of living adjustment.) Or, maybe look at giving her three more paid holidays per year instead.
This
If you value her and want her to stay, I would give her a raise.
I agree with this. I wouldn't want my boss to tell me I'm not getting a raise because neither he nor his wife did.
Mommy to DD1 (June 2007), DS (January 2010), DD2 (July 2012), and The Next One (EDD 3/31/2015)