Full-Time Nanny Pay
Pay Scale for Full-Time Nannies
There are many factors that contribute to determining what a nanny is paid. These factors include geographical location, experience, education, special skills and certifications, in addition to the job hours and the nanny’s duties and responsibilities.
While full-time live-out nannies are paid slightly more than live-in nannies, live-in nannies receive room and board as part of their compensation package. At minimum, live-in nanny accommodations should include a private bedroom and bathroom.
Most full-time nannies work 40-60 hours per week. All nannies are required to be paid at least minimum wage for every hour worked. Live-out nannies, as well as live-in nannies in some states, are also entitled to overtime pay for all hours worked over 40 in a 7-day-period. The overtime rate is calculated at 1.5 times the base hourly wage salary.
While employers and nannies often talk about nanny pay in terms of salary, since nannies are non-exempt employees who are protected under the Fair Labor Standards Act, the salary must be converted into a base hourly rate and overtime rate and the base rate must be equivalent or greater than the prevailing minimum wage. Nannies and employers should clarify if they using gross or net pay when discussing nanny salary to avoid confusion.
Since nannies are employees of the families for whom they work and not independent contracts, nanny employers can expect to pay about 10% of the nanny’s gross wages in mandatory employment taxes and insurances. For nanny employers who pay legally, there are tax credits that can minimize this added out-of-pocket expense.
Each year the International Nanny Association, www.nanny.org, conducts a nanny salary and benefits survey. On average, full-time nannies in the United States earn approximately $700 gross per week. In addition to salary, typical nanny benefits include paid vacation, sick days, personal time and partial or full contribution towards the nanny’s health insurance premium. For nanny employer’s who wish to maximize savings, offering pre-tax benefits, like health insurance contributions can help them to do just that.
While nannies are responsible for caring for the children and the tasks related to providing that care, such as doing the children’s laundry and keeping their bedrooms and play areas neat and organized, some nannies are willing to take on additional responsibilities, including doing the family’s laundry or preparing family meals. Nannies who agree to take on additional duties should be compensated accordingly.
In general, the more experience and education a nanny has, the more she is paid. Nannies who live in major metropolitan areas typically get paid more than those who work in smaller communities. Nannies are often willing to take a smaller hourly pay rate in exchange for added benefits, like health insurance. A competitive salary and benefits package will attract and retain high caliber nanny candidates.
10 Ways Full-Time Nannies Can Maximize Earning Potential
There are a number of different ways in which a full-time nanny can maximize her earning potential. From taking on additional babysitting hours to continuing her education, nannies can maximize their earning potential by:
- Enrolling in Continuing Education. The more education a nanny has the greater her earning potential. Nannies with college degrees, especially in early childhood education or those who are graduates from a respected nanny training program tend to earn more.
- Carving Out a Niche. Nannies who have extensive experience specializing in providing a specific type of care, such as caring for multiples or high needs children can earn more than those who don’t.
- Tracking Hours. Nannies are entitled to be paid for each hour worked. Keeping careful track of worked hours ensures that a nanny is being compensated accordingly.
- Taking on Additional Duties. Many nannies are open to taking on non-childcare related tasks like doing the parents laundry, housecleaning or preparing family meals. Those who do typically require additional compensation.
- Picking Up Babysitting Clients. Some nannies like to book their weekends and evenings with other clients. Experienced nannies charge, on average, $16 per hour for babysitting, according to the 2012 International Nanny Association Salary and Benefits Survey.
- Requiring Benefits. Nannies who require employer paid health insurance or other benefits can save money on things that they would need to pay out-of—pocket.
- Requesting Annual Reviews. Annual reviews provide employers with the opportunity to review their nanny’s performance and issue merit based raises and bonuses.
- Being Paid Legally. Nannies who are paid legally have access to unemployment insurance, which is essential should they find themselves out a job due to no fault of their own and temporarily without income.
- Working in a High Paying Area. Nannies who work in major metropolitan areas like Boston, New York tend to earn more than those who work in other areas.
- Making Yourself Indispensable. Parents who view their nannies as indispensable are likely to appropriately compensate their nannies. Nannies who are willing to go above and beyond and meet the family’s needs may earn more.
Before accepting a position, the wise nanny will make sure that the salary and benefits package offered is reflective of her experience, education and skill set. Seasoned nannies are in high demand and can earn high salaries when they are at the top of their game.
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