Nanny share cost

Re: Nanny share cost

• MommaBean member

  November 2016

  The answer depends completely on where you live!

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• WinchesterGirl member

  November 2016

  This would be a great question for our "Ask a STM" thread!

  Rainbow baby Dean is due 2/17/17!

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• MeridethKimble member

  November 2016

  We had a great nanny share situation for about a year and a half. (My sister recently took over childcare while we wait for #2 to arrive.) We shared one excellent, professional nanny with one other family who had one child. So many great benefits. The two kids were together all day every day and really love each other. 
  
  From my experience and my friends' experiences, it costs about 1.5 times more than a good daycare. 
  
  Cost does depend on where you are, how many children, etc. Most states have their own rules for hiring nannies and federal law has requirements for household employees, too. You can start here to see what I mean: https://www.irs.gov/publications/p926/ar02.html
  
  We paid an hourly wage, plus time and a half for overtime. Plus, as a household employer, we had to match our employee's tax contributions according to the codes. We all found this to be a huge plus, especially the nanny who could then accrue longer-term benefits.
  
  In my city, there is a separate (higher!) minimum wage for nannies, so the families had to at least match that. But, our caregiver's experience qualified her for much more than minimum wage. That's just something you will have to negotiate!
  
  I found our setup through a local Facebook group for nannies and families. It was also a good resource for information such as cost, the local going rate and to match up with others. 
  
  I'm in California, and can try to answer more specifics if you have questions!

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• MeridethKimble member

  November 2016

  The more fun stuff - benefits of a nanny share: We had so much more input as to what our sweet girl was doing during the day. It was more of a collaborative effort than a drop-off and let someone else make the choices situation of a daycare.
  
  I got constant updates, fun pictures and such, and great insight into her development and just peace of mind that she was safe and happy. 
  
  Sweet girl grew to love her nanny and buddy and had great socialization. They got to do more, like go to the zoo, story time etc. More specialized attention. 

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• Gretchypoo member

  November 2016

  WinchesterGirl said:

  This would be a great question for our "Ask a STM" thread!

  THIS! @Salsera29 we try to keep the board pretty organized. I recommend you ask this on the Ask A STM board. You will get better responses.

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• kswiger06 member

  April 2017 edited April 2017

  itsfinallynaptime said:

  I am a Nanny Share Specialist so I am completely biased, but I will say that nanny sharing has incredible benefits! The children gain so many skills from the socialization: empathy, sharing, learning to wait, cooperation, I could go on and on! Many of these skills aren't picked up by solo-care children until close to 2, but in infants and toddlers who have shared from a young age, they emerge so much earlier.
  
  As for costs, share nanny rates are 2/3-3/4 of a nanny's full rate. So, for example: if a nanny charges $20 for one solo child, she'd charge each family in a share roughly $15. The families get a discount, and the nanny earns more. After all, she balancing the needs of multiple families and parents, not simply an additional child. For more on that, check out this blog post:
  
  https://pareday.com/blog/how-does-share-pay-work/
  

  
  Hey you, self promoting, all over the boards, blogging nanny... our board has been dead lately so I'd greatly appreciate it, if you could come back in a month to repost so I can *hopefully* appropriately gif you for reviving zombie threads from drive by posters (who only made 1 post in their history on this site), in an attempt to draw attention to your blog.
  
  And just for S&G to possible lurkers...you know who you are 
  
  Thank you!

  

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