<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1903855569843826&amp;ev=PageView&amp;noscript=1">

Nanny Shares- What You Need to Know to Be Successful

Posted by HomeWork Solutions on 5/23/24 10:07 AM
Find me on:
Nanny Shares- What You Need to Know to Be Successful


At HomeWork Solutions, we understand the unique needs and benefits of a nanny-share arrangement. It's a fantastic way for families to access dependable childcare cost-effectively. By sharing a nanny, the children enjoy companionship, and the families involved benefit from a more affordable childcare solution. The nanny, in turn, often receives a higher rate than they would with a single family, creating a win-win scenario for all as long as communication and parameters are clearly established.

Crafting a Solid Work Agreement

When embarking on a nanny share, beginning with a clear, written work agreement is crucial. This three-party contract between the nanny and the two families should outline essential details like salary, paid time off, job responsibilities, and protocols for ending the share. Ensuring consistent pay for your nanny regardless of individual family use and establishing a notice period for ending the agreement are best practices that protect all parties involved.

Managing Supplies

Coordinating the logistics of shared supplies—such as diapers, food, and toys—is also important. Families should discuss and agree on how to split these costs fairly. For significant expenses, such as purchasing a stroller, families often find that sharing the cost makes these items more manageable.

Navigating Sick Child Care

Handling illness within a nanny share requires careful consideration and mutual protocol agreement. All parties should agree upon whether a mildly ill child can still participate in the nanny share, bearing in mind the well-being of both the children and the nanny. Remember also to flesh out a plan to address what happens when your nanny is sick and cannot attend work.

Addressing Time Off, Overtime, and Taxes

Vacations, sick leave, and overtime are essential factors that need clear agreements from the start. Both families must understand their responsibilities as employers, including adherence to payroll tax requirements. Both families are employers and must handle employment taxes and insurance appropriately.

We're Here to Help

Navigating the complexities of a nanny share doesn't have to be overwhelming. HomeWork Solutions is dedicated to making household payroll and tax compliance straightforward and stress-free. We're here to ensure everything is set up correctly so that you can focus on what matters most—your family. If you need assistance setting up proper payroll and tax withholdings for your nanny, our team of experts is just a call away – 1-800-626-4829.

By addressing these key elements, families can ensure a smooth and successful nanny share experience.

Topics: nanny share, nanny savings, hiring a nanny, childcare, employment compliance

Real Human Beings Are Standing By

Complete the form below and one of our payroll experts will reach out to you ASAP. You may also call 1-877-899-3004 to speak with our team immediately.

Subscribe to Email Updates

Recent Posts

Posts by Topic

see all