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How to calculate the pay for a licensed nanny?
Unlike an at-home nanny, the pay for a childcare provider includes not only an hourly rate multiplied by the number of hours worked in the month. There are several elements to be added to get the total cost of a childcare provider.
Of course, it is ultimately the law of supply and demand that sets the price. Prices are not the same depending on where you live; a situation that can be very unfair to the parents, but equally so for the profession.
What is included in the salary of a childcare provider?
These are additional costs that you will add to the hourly wage of your licensed nanny:
- the cost of maintenance and food for your little angel(s),
- a mileage allowance if you require her to drive your little one around,
The hourly rate
As a parent employer in a big city, it is difficult to admit that the hourly rate of your childcare provider could be so much higher than another area nearby.
In general, the less places there are for childcare (daycares + childcare providers) the more expensive the space. Meanwhile, the more childcare providers and childcare facilities there are, the lower the price.
Calculate the salary of a licensed home childcare provider
After reading this article you will know how to calculate the minimum salary for a home childcare provider. Generally she already has set rates but you may be able to negotiate to some extent.
Other fees
You can find all the answers to the questions you ask about additional fees that you must pay to your childcare provider, if they are not already included. They mainly concern the benefits of food and supplies. You will find all the explanations on the "why and how" of maintenance allowances.
Variation of rate and hours by region
It is obvious: the price of a childcare provider should depend on her experience and it offers various advantages, but in reality it is often the region that determines the final price, even if it is sad. Focus on price trends by area.