The Ultimate Guide to Nanny Shares: How They Work and Tips for Finding the Perfect Match
BY ELISE SILVER AND HEATHER RUSSELL
As childcare costs continue to rise, many families are turning to nanny shares as a cost-effective and flexible solution. But what exactly is a nanny share, and how can you find the right family to share a nanny with? In this guide, we’ll explore the ins and outs of nanny shares and provide helpful tips to ensure a smooth and successful experience.
What is a Nanny Share?
A nanny share is an arrangement where two or more families share the services of a single nanny. This setup can offer significant cost savings compared to hiring a nanny individually while providing more personalized care than traditional daycare centers. It also allows families to benefit from career nannies as their cost is usually more expensive. Typically, the nanny splits their time between the families’ homes, or all children are cared for together at one location.
How Does a Nanny Share Work?
Scheduling: Families agree on a schedule that works for everyone involved. This includes determining the days and hours the nanny will work for each family and where the care will take place.
Payment: Nanny Share standards is that each family pays two-thirds of a typical nanny pay rate. This accounts for the increased responsibility of caring for more than one child, dealing with different parenting styles, and managing various requests. It’s important to agree on how the payments will be managed and ensure that the nanny receives fair compensation. Other nanny standards are also applicable: Paid Time Off, Sick Leave, Guaranteed Hours, Paid/Off Holidays.
Communication: Open and clear communication is crucial. Families need to discuss expectations, parenting styles, and any specific requirements to ensure everyone is on the same page. It is very helpful for two families to have help through this to make sure that all three parties are on the same page. Silver Lining has set up a nanny share placement (for nannies) and a Facebook Group for families to meet each other.
Benefits of a Nanny Share
Cost Savings: By sharing the cost of a nanny, families can save a substantial amount of money.
Socialization: Children get the opportunity to interact with other kids, which can help with social development.
Flexibility: Nanny shares offer more flexibility than daycare centers, which often have strict operating hours.
Tips for Finding the Right Family for a Nanny Share
Compatibility: Look for families with similar parenting styles, values, and expectations. One crucial aspect to consider is the age of the children. This affects how well the kids play together, their nap schedules, and the types of activities they would enjoy both at home and during outings. Compatibility in these areas can make a significant difference in the overall success of the nanny share.
Proximity: Ideally, the other family should live nearby to make logistics easier for both parties.
Clear Agreement: Draft a clear agreement that outlines all aspects of the nanny share, including schedules, payment, responsibilities, and any other important details.
Trial Period: Consider starting with a trial period to ensure that the arrangement works well for everyone involved.
Open Communication: Regularly check in with the other family and the nanny to address any issues or concerns that may arise.
Additional Considerations
Insurance and Taxes: Ensure that all legal and financial aspects are covered, including liability insurance and tax obligations.
Backup Plan: Have a backup plan in place for situations when the nanny is sick or unavailable.
A nanny share can be a fantastic solution for families looking for personalized childcare at a more affordable rate. By carefully selecting the right family to share with and maintaining clear communication, you can create a successful and rewarding nanny share experience. Remember, the key to a successful nanny share is finding a compatible family and setting clear expectations from the start.
