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Original poster

Nanny Salary Help

28 replies

Reinvent1yourself · 28/03/2015 19:43

I'm a nanny and about to start looking for a new job and can't for the life of me work out what I actually get paid currently.
I think they are underpaying me a lot... My own stupid fault I didn't work out my hourly rate just agreed on a gross annual figure.

When I try and work out my hourly rate it changes every time!

So I know my gross annual figure.
I know what turns up in my bank account each month.

What I thought you did was... Times your monthly net wage (what appears in bank account) by 12. Divide that by 52 to get weekly wage then divide that by the number of hours you work???

It is doing my head in! Please help!

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Original poster
Reinvent1yourself · 28/03/2015 22:25

Thanks guys.
Just as I thought being paid below average I'm so so angry with myself for not working it out properly when she asked me to go back.
Qualified, 10 years experience raising her children apparently she can't live without me and she can't even pay me average wage Angry

Live and learn,

Won't be so stupid in the future!

OP posts:
eeyore12 · 28/03/2015 20:14

What you put about timesing your money in your bank by 12 divide by 52 and the divide by the number of hours you work is how to work out your net hourly amount, to work out the gross hourly amount to make sure it is above min wage then do the same calculations but using the amount that is on your pay slip before any deductions are made.

Hope that makes sense

FishWithABicycle · 28/03/2015 20:05

All depends on what's happening re tax, national insurance and any other deductions. Aren't you given a payslip each month?

What turns up in your bank account, multiplied by 12, is your net annual salary after tax NI& any other deductions.

If you agreed a gross salary then divide that by 52*(your weekly hours) to get your current hourly rate.

But don't base what you ask for on that. You are more experienced now than you were last time you were jobhunting. Look at local adverts, work out the local going-rate minimum and maximum, and give yourself an honest self-appraisal about whether you are the best possible quality before deciding where to price yourself in that range.