How much vacation and pay should your nanny get?
Park Slope Parents wrote to tell me that their new “Nanny Compensation Survey” is out. Over 800 parents participated in the survey which included parents from these Yahoo list serves: Park Slope Parents (68%), Hudson River Park Mamas, DUMBO Parents, BoCoCa Parents and Flatbush Family Network. (All of which can be found in our Directory by the way)
Here are some interesting stats from it:
- Paid time off for Nannies paid weekly (Avg hours = 40/wk) includes, on average, 11.5 vacation days, 8.2 holidays, and 4.2 sick/personal days
- Paid time off for Nannies paid hourly (Avg hours = 25/wk) includes, on average, 8.8 vacation days, 5.4 holidays, and 2.2 sick/personal days
- For those who reported paying their bonus as a ratio of “weeks of pay”, 74% of employers paid 1 week’s pay as a bonus, while 21% paid 2 weeks’pay, and 8% had a larger amount
- 58% of respondents had given their Nannies a raise during the past year, higher for nannies that are paid on a weekly basis — For those who gave increases, they tended to be $1/hour per year given at the hiring anniversary
- Pay increases for a second child range from $1 to $2/hr. This seems lower than last year’s data which most likely reflects the economic downturn
- Respondents who pay on the books most commonly use their accountant to figure out the appropriate taxes and withdrawals, while many use Nannytax, PayPrep, PayCycle and Breedlove services. A few handle the accounting themselves and use TurboTax, Nannypay and Paycycle
- 43%* of situations involving a Nanny leaving employment involved a month or more notice because of a ‘known’
situation change (e.g., Nanny was pregnant, mother left a job)
- 51% gave 2 weeks pay as severance, 30% gave 1 week pay, and 19% gave a higher amount
There is a lot more to glean from their very helpful “Nanny Compensation Survey”. They also have written up a guide to “Sharing a Nanny” which has some good points to consider before entering a “nanny share” situation.
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