Negotiating a Fair Nanny Share
Hi! Hoping your readers will have some good advice for me about a salary structure for a nanny share we are considering.
I have an almost 3 year old and a 15 month old. The other family has an almost 4 year old and a 13 month old. My 3 year old goes to "school" 2 mornings per week for 2 hours. The 4 year old goes to school 3 mornings per week for 3 hours.
We live about 10 minutes from the other family and thought we'd trade off. The other family are friends who currently use a nanny but she will be leaving in early March, so timing is good. We need about 42 hours/week of childcare (M-F). The other family needs slightly more, but might be able to make it work in 42 hrs.
The nanny is our current nanny who my kids love and has been with us for 8 months. We pay her $18/hr but have it structured like a salary, so she gets paid the same amount even if we are home early or the kids are sick, etc. She doesn't have a ton of nanny experience, but is a great caregiver. I think she's very capable of handling all 4 kids.
She wanted to do the share to make more money. We thought it would be good socialization for the kids and could save us money as well. But....
She would like to charge us $16/hr each family for hours she has all 4 kids. For hours she only has 2 or 3 kids (when older kids at school), she wants to charge $17/hr each family. This seems astronomical. She would be making $32-34 per hour??? I know it's 4 kids, but that's a lot of money! I want to be fair, but this doesn't really save us any money and by the time we are driving to the other family's house to pick up our kids half the time... it's a wash. If it was just about socialization, we could do a daycare for far less money.
I tried searching for nanny share salary suggestions but I didn't find much info for so many kids. Any ideas? And how to approach now with the nanny who has these hopes/expectations of making $30+ per hour? I was thinking of offering a flat $14/hr per family regardless if 2, 3, or 4 kids at a time. So she'd make $28/hr. The other family wants us to do the negotiating since she was our nanny first but is more or less on-board for anything less than $15/hr.
If she rejects this... what then? We will have a potentially disgruntled nanny on our hands. I'm starting to regret going down this road...
at 12:38 PM