There are so many factors that go into setting a nanny salary, and each nanny/family pair is truly different. However, we’ve compiled some industry standards to help you make your decision.
Nannies are an integral part of your family’s life. A great time to discuss raises is during your nanny’s yearly review, when you get the chance to talk about any changes, feedback as well as rewarding your nanny for her hard work.
Generally speaking, most families reward their nannies with a raise each year. Your nanny may seem like a member of the family, but remember she is also a professional. Typically, a recommended salary increase is the rate of inflation plus anywhere from 0-3% depending on performance. If your nanny is now taking care of an extra baby, a pet, or changed her list of duties, make sure to take that into consideration as well.
Another good time to discuss a raise is if your nanny received additional education or certifications from her initial hire. This will make her more attractive to other families and more valuable to yours, so make sure you are compensating her accordingly.
The thought of spending more money each year for your nanny can be daunting, especially if it’s not in your budget. But remember, your nanny has expenses too and inflation and the economy do affect her. Sometimes families elect to give the nanny a bigger bonus at the end of a year, increase her vacation days, or pay more into her health insurance. The important thing is having a frank conversation with your nanny and being upfront about what your family can offer her.
-Lindsay Bell Wallace, President and Founder, and Lauren DiRuggiero