What to Include in Nanny Salaries
Michalis 'BIG Mike' Kotzakolios


Defined Tag: Nanny Salaries.

Nanny salaries can vary greatly depending on a number of factors. The following are the most common.

Experience is a determining factor. An experienced nanny with a college degree will definitely require a salary at the higher end of the payment rate. The salary should basically be proportional to the amount of experience the nanny has. The responsibilities and duties the nanny will have to cater for is also a large part of nanny salaries. Typical duties such as looking after children form the basis of the job, but additional tasks that do not pertain specifically to the children, may very well increase the pay due for their services. The number of children to care for should also be taken into account – salaries increase for every additional child. Longer working hours – over the usual 45-50 hours required of the nanny – will require extra compensation.

Other facilities such as food and board for a live-in nanny hang in the balance too. A live-in nanny is usually paid less than a live-out nanny. The area of residence is also important. Where the standard of living is higher, salaries need to be higher. Major metro markets usually tally higher nanny salaries. The laws of demand and supply also considerably determine salaries for nannies – where the demand is higher than the supply, the wages will be expected to be very compensating.

If benefits are included in the salary, these can be tallied up to the salary rate. Benefits such as paid holidays, sick days, vacation time and use of a car can weigh in the balance.

Typically, a nanny will average 45-50 hours of work per week. It has to be noted that nanny salaries fall under the minimum wage rate. Average nanny salaries for live-in nannies can vary between $400-600 per week, and for a live-out nanny, it can vary between $500-700 per week. Overnight care or any over working hours’ services needed can be paid to an hourly rate or can be done on a set wage basis if it is for longer than a few days.

It should furthermore be noted whether the salary paid will be the gross salary or the net, take-home, salary. Employers should usually deduct nanny taxes from the nanny salaries.

BIG Mike is a well known author, developer and Adsense expert as well as the owner of Niche Maniacs - a unique Adsense Marketing System designed to build long-term passive income streams from Adsense, Amazon, YPN, Chitika and other PPC services.

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