Nanny pay - how do I work it out?

[TheBlueDanube]

I'm returning to work next month and need to get a nanny. No experience of nannies at all!

It'll be for after school care 3-6 on four days a week, and for some days in the school holidays. For the other days of school holidays, I will need to put the kids in some club, care-swap with friends or work from home, so realistically, the more the nanny can cover, the better I suppose. But it depends on cost as well.

I am having some trouble working out how you work out the budget/price for this. Do you count up the hours in the no weeks of holiday, then weeks of school at whatever , and annualise it into a monthly salary? Or should the time in the school holidays count as overtime above the usual 3*4hrs rate.

Sometimes my inlaws may come over (from abroad), but I don't know how to forecast that. Do I just assume they Nanny will get some extra time off when that occurs?

I spoke to a lady at local nanny agency who wasn't very helpful (didn't want to deal with the vacancy because it was less than 25 hrs per week). I need a spreadsheet but don't know how to do it properly….

Many thanks

Yep best way is to work out the total number of hours a year you will need the nanny for times that by the hourly wage (gross) you are looking to offer and divide it by 12 to find a monthly amount you can offer.

Yes if the family come over /you don't need the nanny for any reason they get that time off paid as normal.

Hope that makes sense, try another agency for advice, my old boss got the same reaction from one agency when she wanted someone 22 hours a week term time and then 4 full days for up to 6 weeks of the school holidays and the rest of the holidays off. But I went to that agency for another post and she mentioned it to me and it suited me perfectly as I had my own little boys how was going to come with me and it meant I got to still do things with him during the day. It was three after school afternoons and one full day.

Good luck.

Thank you very much eeyore - I think I'm getting my head round it. I think it's the relationship between hourly rate to a monthly fixed salary that was hurting my head.

I've found a Mr Anchovy's calculator and that is allowing me to look at different scenarios.

One other quick thing: when the nanny has a "day off" - is there any difference between that being a part time day (term time) or a full time day (school holidays)?

I get that it's most likely to be in holiday time, and we'll do the 20 days (half decided each) + 8 bank hols, but I didn't want to get caught up with that being counted as only 3 hours or something if it is a term day.

If you calculate the holiday as hours not days then depending on when time off is taken depends how many hours are used up. I take it you are looking for someone five days a week as you say 4 weeks hol plus bank hols. Don't forget holiday is calculated as 5.6 weeks these days not 20 plus 8, so if you are looking for less days a week you will need to work out how many days/ hours they are entitled to. There is a government holiday calculator on line somewhere. Sure someone else will be along with the link for it/ how to work out the holiday in hours, I know it involves something like 12.07% but not sure how! Think you might divide total number of hours a year by 100 and times by 12.07 to get holiday but not 100% sure.

Right, yes, actually you are right - it's not 20 days. I had just assumed that from seeing so it in so many places but yes - that get's pro-rated too. It is going to be 4 days a week in term time, then probably 3 longer days in holidays.

Will have a dig around to see what it says on the government calculator.

Thanks.

Then def work it out in hours not days as three days works out at 16.8 days a year rounded up to 17 and four days is 22.4 so 22.5 or 23 so yes it would be much easier to work it in hours.

Those number of days include any bank holidays that would fall on the nannys normal working days.

Hi!
Sorry I am a nanny however thought I would be able to receive advice/help!
I am wondering if anybody would be able to tell me how my salary would be calculated if
I am working less hours during term;
more in holidays however having it split evenly?
hope that makes sense, thanks!

Make sure your contract has a provision for adjustment on termination at the end of probation/ in the first year if there’s a significant difference in term and holiday hours. I had a nanny who did few hours in term, was paid annualised and left after 8 weeks of annualised pay for term time only so was horribly overpaid for hours actually worked (& the agency refused to refund the fee even though they placed her in the new role - I was done up like a kipper!)

Definitely this. The clause needs to
come under - deductions from salary.
then pay weekly a week in arrears.

having said that, if you live outside London I don’t think you have much of a hope of getting anyone unless you pay them a massive hourly salary.