When searching for more affordable childcare options, a nanny share is often the best solution! A nanny share is relatively self-explanatory: a situation where two or more families hire one nanny to share between them. The nanny will usually watch all children together but split their time between the different homes; however, arrangements may differ depending on everyone’s needs. By doing this, families can find a more affordable arrangement that allows them the benefits of private, in-home childcare, and the nanny can make a better living wage.
How Does a Nanny Share Work?
- Arranging the Nanny Share
When figuring out which family to partner with, be mindful of basic requirements and family size. Going rates for one child differ from multiples, and even if you have the same number of children, sometimes their needs are pretty different! Some kids may be at various stages of development, which will change the job for the nanny. Before hiring a nanny, be sure that both families are on the same page regarding expectations of hours, wages, and general responsibilities. While all children are unique, it’s essential to understand what attributes and strengths you’re both looking for in your childcare provider.
- Creating a Contract
A contract should outline the terms of the nanny share, including the schedule, what days the nanny should be at which home, core responsibilities, compensation, sick days/ vacation time, and any other key details for the position. There are some great online resources with sample employment agreements.
How Do Nannies Typically Charge?
- Determine Salary
It is traditional for both families to pay 2/3 of the nanny’s hourly rate. This way, your family gets a great deal, and the nanny’s slightly higher salary reflects the work they will be doing—this is what we call a win-win! Please remember that watching more than one child is significantly more work, as is answering to more than one family. If a nanny’s rate for one child is $30/hr, then if each family has one child, they would each pay $20/hr.
- Additional Costs
Families must also consider additional costs such as overtime, taxes, insurance, benefits, overnight or travel fees, and any required transportation or supplies. Again, this should be agreed on together before the nanny search begins.
- Payment Arrangements
Both families should agree on a shared payment schedule. To make things simpler for your families, enlist the assistance of a payroll company.
Benefits of a Nanny Share
- Personalized Care
A nanny share still offers more personalized care and attention than a large daycare while being only a fraction of the cost of a private nanny.
- Flexibility Between Roles
A nanny share, as opposed to a daycare, means you can create the schedule around your needs. Though you do have this flexibility, remember to be mindful of keeping consistent and guaranteeing hours for the nanny.
- Socializing
Being cared for in such close proximity to other children can be an excellent way for kids to practice their social skills and even form lifelong friendships!
Nanny shares are a highly effective childcare solution for families looking for more affordable but still personalized care. Be sure to create clear guidelines and expectations with your fellow employer to create a sustainable and healthy work environment for your nanny and your children.
Remember to keep the Nanny Authority in mind for your present and future childcare needs. Email info@nannyauthority.com, call (973) 466-2669, or visit www.nannyauthority.com.
