How to Give Your Nanny a Bonus

Often it is difficult to know how much of a bonus you should give your nanny.

Instructions

Difficulty: Moderate

Things You’ll Need:

• Money Cards

1. Understand that you will need to give your nanny a holiday bonus. Some parents give their nannies other bonuses based on performance, special overtime and for birthdays and special events.
2. Realize that a holiday bonus should be the equivalent of one to two weeks pay. You may decide to give your nanny a combination of money and a gift. In that case, lower the amount of money.
3. Think about the other bonuses you are giving your nanny and decide how large they should be based on the reason for the bonus.
4. Know that some parents have contracts with their nannies that allow for specified bonuses after certain periods of employment. These are incentives to keep the nanny from leaving.
5. Consider giving your nanny a raise instead of a bonus after performance reviews.
6. Recognize that you can also offer your nanny certain perks instead of a cash bonus or raise. Popular incentives include cars, health insurance and investments.
7. Talk to other parents in your area and find out how much they pay their nannies as bonuses.
8. Consult the agency if you hired your nanny through an agency. Agencies can give you some definite guidelines to follow regarding bonuses.

Tips & Warnings

• Realize that treating your nanny well may be the best bonus you can offer her.