hatsoff and marypop1, powerful messages from you both - as I have never employed a nanny or been one myself, I can't add comments based on direct experience. I must say your arguments certainly convince me of the need for good lines of communication and a contract that clearly states what sick pay and holidays a nanny is entitled to.
I have to say, £700 a week (to me)is a frightening amount of money to pay out, so I can sympathise with this, lisalisa - and your stories of nannies abandoning you at very short notice. The more I hear about nannies, the more glad I am that I was able to have childminders for my sons.
The cost and contractual arrangements seem far more straigtforward. I knew exactly where I stood - so did the childminders I used - no nasty surprises on either side. FYI My childminder charged £20.00 for a 10 hour day (three years ago). I live in London (south east)and this was the going rate in my area. A 20 minute drive down the road into a more affluent area and childminders were charging £30.00 a day on average. I needed childcare from 8. 00 am till 6.pm and it was no problem to find childminders willing to do those hours.
I have been thinking what I would have done if I needed childcare from 7.00 am till 7.00pm or later. I came across several childminders who were prepared to do longer days than 8 - 6pm so I think, with perseverence, I might have found someone willing to work 7.00 am to 7.00 pm. Definitely many childminders were ok about an early morning drop off time. Assuming I could get the 7.00 drop off sorted out with a childminder, I would have tried finding someone (a student perhaps?)to do a 6.00 o clock pickup from the childminder and babysit at home till I returned in the evening. I have never had huge problems finding babysitters outside college hours. Paying for this and a childminder would work out much cheaper than paying for a nanny, I'd imagine.
I am not saying everyone finds it easy to get childminders - I know this varies from area to area, but FWIW this would be my solution based on where I live.