Are you thinking of getting nannies for hire? Here's a quick rundown on how much you will be paying them and what makes the difference in nanny salaries.
If employment is obtained through a nanny agency, there are fees that the agency charges.
This topic does not include those fees and will dwell only on the average salaries of a nanny.
The pay of nannies depends on several matters.
Key factors are place, qualifications and experience.
Cost-of-living expenses such as food, utility, health and car insurance and paid vacations are factored in when calculating the pay for live-in nannies.
A beginner live-in nanny can be paid a salary range of $250 to $400 per week while a trained live-in nanny can get from $350 to $10000 per week.
Geographical locations account for varying rates in nanny salaries.
In major metro areas where the cost of living is high, nannies for hire are competitive and thus higher, upwards to $18-20/hour.
Rural areas tend to have comparatively lower wages for the same reasons: cost of living is cheaper and competition is not as steep; thus a rate of $9 to $12 per hour is average.
Overtime premium for work over forty hours per week is 150 percent the regular hourly rate for live-out nannies.
The educational level counts, too.
A four-year college degree may mean an increase of 20 percent from the base pay while a Master's Degree could mean a forty percent increase.
For a high school graduate, you can give her a minimum of $400 gross per week.
Experience is a big factor in determining your nanny's salary.
An experience of less than three years of continuous referred employment is considered a beginner and a typical weekly pay for this is not more than $200 gross for live-in.
An experience of 200 hours of documented infant care plus CPR training will cost you a maximum of $1000 per week.
If you have to leave your children to go out or go to work, nannies for hire are available.
These prevailing market prices will guide you to making your choice.