How much do you think a before (from 7am) and afterschool (to 7pm) nanny, plus holidays, will cost?
I have some pay figures from nannies actually doing that kind of role in Surrey... they are getting just £10.50 to £12.50 gross per hour. One said that her pay is split across the year so her monthly pay is the same each month. You will find message threads on here about term-time working which mention more about spreading payments over full year.
So on a term-time day... lets say it's 6 hours work. On a holiday week, it's 12 hours work. How many weeks is term-time - that could well vary depending on the school.
A local authority school in Surrey may well be doing: (Source: SurreyCC)
Autumn Term 2012
4 September to 21 December 2012
Half Term from 29 October to 2 November 2012
Spring Term 2013
7 January to 28 March 2013
Half Term from 18 February to 22 February 2013
Summer Term 2013
15 April to 24 July 2013
Half Term from 27 May to 31 May 2013
14 weeks + 11 weeks + 14 weeks = 39 weeks. However some weeks are not complete weeks and there may be additional inset days. So it may actually be 37ish weeks. Lets call it 38 weeks.
38 weeks x 4 days = 152 days x 6 hours = 912 hours
52 weeks - 38 weeks = 14 weeks x 4 days = 56 days x 12 hours = 672 hours
Total working hours per year: 912 + 672 = 1584
Of which nannies statutory holiday: 191.2 hours (12.07% of the working hours)
1584 hours x £11.50 (lets take the middle of the salary range) = £18,216 Employers NI on that would add £1482. So £19698. Then you will have some other expenses on top, such as travel whilst on duty, payroll admin, activities budget for after school & school holidays. So £20-£21k