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The following article was published in our article directory on November 11, 2013.
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Four Guidelines For Deciding Live-In Nanny Pay

Article Category: Family Concerns

Author Name: Amy Hardison

Figuring Out your live-in nanny's pay is vital to assure a contented employee and a acceptable financial commitment. There are 4 conditions that will influence the pay range you should give consideration to for your live-in nanny.

Seek advice from a local financial advisor or tax consultant for the employment and tax particulars of your region. These experts can assist you with your requirements for income taxes, health benefits, workers compensation and other domestic employee monetary concerns.

Room And Board, A Major Portion of Live-In Nanny Compensation
A live-in nanny receives the added perk of living quarters and meals. This is a considerable benefit and reflects in their compensation. For this reason, live-out nannies, full- or part-time, normally make a greater per hour rate than a live-in nanny. As contrasted with part-time nannies, full-time nannies typically are given paid holiday or personal hours. Additionally, families may opt to furnish health, dental and/or vision insurance, an education incentive, once a year and/or holiday bonuses or other perks to attract and keep talented nannies.

Live-In Nanny Assignments And Pay
As a nanny assumes additional responsibilities, their wages adjust accordingly. Nanny pay advances as the amount of children supervised grows. The additional work of more than one child is mirrored in their compensation. Other non-childcare work such as cleaning, weekends, evenings, overnights, and participating with the family during the course of vacation adds to the salary. Some nannies are contracted to carry out chores and to take the children to a variety of functions. If the family supplies a car for these purposes, then this expenditure must be considered in the compensation package. Furthermore, use of the family vehicle for the nanny's personal business must be explicitly explained and documented. If the nanny utilizes their personal car or truck for family work, they would need to be compensated for the distance driven. Generally, gas mileage expense costs approximately 50 to 70 cents per mile depending on local vehicle operation costs (like insurance coverage, gasoline prices, tolls, and the like).

Your Location As A Consideration in Live-In Nanny Pay
If you live in or close to a big metro, just about everything is more expensive than most of the nearby suburbs and rural communities. When determining compensation, the living costs for your location must be considered. Items such as meals, gas, lodging, and clothes can vary by as much as 100% from city to city.
A local nanny agency can supply you with the average salary amounts for live-in nannies employed in your location.

Live-in Nanny Experience and Educational Background Influence Salaries
Nannies can vary extensively in both the experience and certification levels attained. For nannies with several years experience and great referrals, this contributes advantages to your family because they offer trusted service. If your nanny also has obtained an early childhood education degree or equivalent qualifications, these capabilities should be considered when determining the pay. Some specialized trainings or competencies (like current CPR and First Aid certifications) should be compulsory for all nannies regardless of experience or education.

Our Advice
When figuring out the salary and benefits for your live-in nanny, think about the preceding four elements to determine the befitting compensation to present. The four major considerations for determining live-in nanny wages include: room and board, work duties, your area and the living costs, and the nannies' prior experience and current education.

This guide will enable your family to come up with an attractive compensation package that will pull in and keep highly-skilled, professional nannies. Well-compensated nannies will more likely maintain a higher job satisfaction which will result in significantly less stress and much better care for your children.

Keywords: live-in nanny pay, live-in nannies compensation, live-in nanny wages, pay a live-in nanny, how much does a live-in nanny make

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