Nanny pay

[WWY]

I posted on another thread but didn't get many replies so just posting here for opinions.
For HNW families how much would you pay for a qualified nanny? Currently getting £260/270 per day for 8 or 9 hours.

So that's about a £70k gross job? (As it's £5k plus a month net?)

Depends on location and living situation? There's always a premium in London, and you'd expect to pay slightly less if you're also providing free accommodation. What are the additional benefits? How many kids? Ages of kids? Babies cost more.
My paid our London nanny £28 an hour, plus 5% matched pension, annual Xmas bonus of 2 weeks additional pay and a few other bits and bobs. That was for 1 toddler, 3 days a week.
We paid our Bristol nanny £25 an hour but same benefits for a toddler and preschooler. That was on the higher end of average at the time (5 years ago.
We pay our current nanny £22 for 2 school aged children afterschool, and £26 when it's before school (she gets to us at 6.30am so we can head to London).
So, I guess I'd say £270 a day sounds about right.

One baby. I live out. Thank you for your input. Really appreciated.

Oh sorry in London as I didn't mention the area.

Around £30 h/£5200 month/£60000 a year.
Few on MN can pay this for 9 hours a day childcare for one child.
Ask other nannies of rich people if you think you are underpaid.
Tbh honest I think you are overpaid but people can pay a nanny whatever they like. Up to them.

A bit mean

The truth.

@MumChp
Call it overpriced if you like. What's more valuable than your child?
People pay thousands for a car or a house, but you don't think it's worth paying the person who looks after your child?
We all make choices of what's important to us. HNW families pay a premium for top notch Nannies. It's just the way it is.

Are you a Norland nanny? Asking as the rate sounds pretty high and I live in London! But I know norland Nannie’s come at a premium and I always wondered what that rate was…

I had a nanny through bubble yesterday in Surrey/london borders and it cost £155
For 8 hours.

And that was an ad hoc. So for a normal full time nanny I'd expect the rate to be less than that

I'm not Norland but I have a masters in child development and Montessori training. So essentially the same training without the price tag! Plus I have 20 years experience.

I pay a norland nanny £250 per day for 10hrs whenever I come to London.

Why would anyone work in a nursery for minimum wage, when you can charge what is suggested on here to be a nanny?

to build a cv and experience I guess? My toddler goes to nursery and a lot of the teachers are working through their early years qualifications.
There’s also a degree of safety in guaranteed hours .. I joined a Facebook page for Nannies in London and most posts ask for after school nanny etc .. hard work to fit multiple jobs together to make a full time job.

agree the numbers look high and would be out of reach for most families but the post did say uhnw ( and some people do have a lot of money, my boss is rich but not uhnw and pays for a full time nanny and a housekeeper and for 5 half days in nursery as well ..for one toddler )

basically am dreading when my toddler starts real school and I will have to shell out for after school help too.. adds up very quickly!

And this is why so many women give up work after kids to stay at home. Not many people can afford £60k/year spare from their own net salary and taxes to pay a nanny!

The training is different. You only need minimal training to work in a nursery.
Nannies which garner a high wage would have degrees and lots of experience.

One of my friend's grandchildren goes to (state) primary school in London with the child of an MP. A lot of people seem to think MPs are overpaid but they employ a nanny. It must cost a good proportion of their salary.