Are you looking to hire a live in Nanny but are not sure what the cost is? Many different factors come in to play when setting a salary for a live in nanny. Much depends on background and experience, but also on what you are looking for.
It is important to be fully aware of all the factors, knowing what is important for you too so you can make an informed decision and find the right live in nanny for you and your family.
So how much does a live-in Nanny cost and what should you consider when looking for a live-in Nanny?
Why the Cost of a Live In Nanny is important
When deciding to hire a live-in nanny, having budgeted correctly for this is extremely important. When hiring a nanny, it is not just like another member of staff. This person will work extremely closely with your children, and will likely build up a unique bond with them. This is something your kids can come to rely upon. And having to change this because of potential finances, can be a real shock to the children’s system and their lives.
So firstly, make sure to understand what your budget is that you can comfortably afford. You always want to calculate for contingencies so don’t be too limited with your budget planning.
Also, make sure to understand local and international rates for live in nannies as they can vary greatly. And the difference in salary really will come down to the quality, experience, and background of the nanny you are looking to hire. So make sure to understand the different rates so you can make a fair offer of salary when hiring a live in nanny.
Factors to consider
Suitability of the accommodation
A live in nanny gives you many more things to consider than someone who would be live out. This person will be living in your household so you need to make sure that you have a suitable space set up for this person to live. It is normal to give your live in nanny their own bedroom, ideally with their own bathroom if possible. The bedroom should be big enough for them to live comfortably, ideally with a seating area of a chair/desk too. A kitchenette or own kitchen for the nanny is a very welcome added extra, and quite common for people to provide. Know this will be their home, where they will also be spending their downtime so it needs to feel comfortable for them to be able to settle into.
If you can provide a living area for the nanny separate from your house this is a plus. If this is not possible, maybe you can have the nanny living on a different floor from you so that a little privacy is given. You really need to have a suitable and big enough living area to provide for the nanny to live in.
Know that you cannot deduct the exact cost of the accommodation provided for the live in nanny from their salary. Each country has guidelines on appropriate deductions from their salary, which might not be as much as you may think. The benefits of hiring a live in nanny are plenty, so this is often the preferred option for properties and families. But just be aware that is does not necessarily have to mean that this is a cheaper option than a live out nanny.
Hours of work
Although some people still believe this to be true, even if an employee is living in your house – they are not supposed to work 7 days a week, or simply whenever you need them! Even though they are living in your house, they still need to be given breaks during their shifts and days off. If you are unsure about what this means, this handy UK government overview can tell you all about it.
Experience and Qualifications
A nanny with many years’ experience in the industry comes at high value. So you should really expect to pay a higher than average salary for nannies with lots of experience. Equally, if the nanny has lots of specific qualifications or maybe even a degree, this will mean a much higher salary too. If the nanny has specific skills, such as speaking a second language or dealing with special problems and behavioural issues, expect to pay a premium.
How much does a live in nanny cost?
The salary rates for live-in nannies in the UK are:
Entry-level/Less experienced Nanny is a candidate with 2-4 years experience:
- £430 – £580 gross per week
- £21,000 – £30,000 gross per year
Mid-level/More experienced Nanny is a candidate 4-8 years experience:
- £580 – £740 gross per week
- £31,000 – £37,000 gross per year
High level/Very experienced Nanny is a candidate with 8+ years of experience.
- £740+ gross per week
- £38,000+ gross per year
How can Polo & Tweed help you?
Polo & Tweed work with clients and candidates all over the world to find the best matches for households and places of work. Every client is completely unique and as such you will be treated this way. Let Polo & Tweed take the stresses of recruitment, finding the right candidates and pre-selection out of your hands!
Polo & Tweed are there for you every step of the way. Even u to the point of hire, and through to the future. You can reach out to us here and one of our consultants will walk you through the process and give you advice to get you started.