Considerations

• Industry standard, regardless of the sector, suggests and affirms repeatedly that employees with a college degree earn more than employees who do not. From an Associate's degree to a Doctorate, a nanny with greater than two years of experience and a college degree in early childhood education, or a similar degree in the field of education, should be paid at a higher rate than a nanny without those same credentials, experience or education.
  
  

Types

• Full-time nanny compensation varies greatly by state and fluctuates between $250 to $850 per week. The general rule of thumb is that a higher compensation is paid to nannies located in larger cities that have higher costs of living, like New York or Los Angeles, for example, than those who live in less expensive areas, like Tampa or Mobile (Alabama). Part-time nanny compensation is generally paid at an hourly rate of between $6 and $18 per hour, depending on experience. A caregiver may be contracted as a part-time live-in nanny with additional cleaning, personal assistance and transportation duties to compensate for the limited sitting salary that is earned.
  
  

Benefits

• Negotiating live-in nanny salaries is based primarily on experience. If you seek to employ a nanny with limited experience, use this as your argument against increasing the rate of pay that is being offered at that time. If the nanny requests additional compensation, insist that she provide references from former families, past employers and community organizations, school transcripts and other records and information that makes the case for an increase in compensation.
  
  

Warning

• Beware of employing a live-in nanny with limited to no experience. You may be able to negotiate a reduced salary for such a person, but his lack of training, education and experience may prove a hazard to the health and safety of your child. As a precaution, hire the nanny on a trial part-time basis to allow him to build his experience and conflict resolution skills.
  
  

Significance

• The salary also depends on the number of children the nanny will be expected to care for. General salary information is based on a two-child agreement, additional children will increase the cost of compensation. Also expect to compensate for overtime and other duties performed while the nanny is in the home (laundry, dusting, shopping, cooking).