For Parents, Nannying 101, Uncategorized

What is a Nanny-Share?

So you’ve heard this term nanny-share thrown around a lot lately, but aren’t quite sure what it means. As someone who has experienced several nanny-share positions, I can confidently say it is one of the greatest innovations of the twenty-first century nanny industry. So, what exactly is it and why is it gaining so much popularity?

What is a nanny-share?

Simply, a nanny-share is an agreement between two families to share one nanny at the same time. Rather than a single nanny working for multiple families at different times through out the week, she works with two or more families’ kids concurrently. In most situations, the families are already acquainted and have decided to hire a nanny together.

Why are they gaining popularity?

Nanny-shares have recently become more popular due to the fact more families rely on both parents to work than ever before. With lengthy daycare waiting lists and rising childcare costs, families are eager to find affordable care for their little ones. With the innovation of nanny-share positions, families can now hire an individual at a comparable expense to a daycare. The individualized attention, ability to leave children at home (or a familiar home), and the possibility of kids getting to go out and about are what make nanny-shares an incredible value. Not to mention, no long wait lists!

Things to Consider

While a nanny-share is a brilliant alternative to a typical nanny or daycare, there are quite a few logistics that must get worked out between families in order to make the agreement successful.

Whose house will be home-base? How will the nanny be paid? Will you provide benefits? What if one family goes on vacation? What ground rules will be set for both the kids and the nanny? If the nanny will drive, whose car will she use? How will you manage expenses, like museum memberships, craft supplies, gas?

These are only a few of the questions to consider when hiring a nanny along with another family. Most things will be easy, but it’s important for both families to discuss their ideas and expectations of the nanny and the care of their children. A written contract will help streamline the conversation surrounding such topics.

Why are nanny-shares more affordable than a typical nanny?

I often hear people say that only the wealthy can afford a nanny. That may have been true in the past, but nanny-shares have made it possible for families to have quality childcare without breaking the bank.

If a nanny typically charges one family $10 per hour, she may charge each family within a nanny-share $7 per hour. This allows each family to significantly reduce their childcare budget. The nanny also benefits by making an extra $4 per hour.

Nanny-shares are not without their faults and don’t fit every family’s situation, but the benefits are clear. A nanny-share could be a great option for families in need of childcare who can’t afford their own nanny or wait for a daycare to have an opening.

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