Nanny Shares - What Works?

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Thursday, August 13, 2009

Nanny Shares - What Works?

Families considering sharing a nanny - known as a Nanny Share - are on the rise as family struggle to contain their childcare expenses. These arrangements, while financially attractive, come with their own set of complications.

HomeWork Solutions has published a new tips sheet titled Ten Tips: Nanny Share Agreements to highlight important considerations for the nanny share agreement.

The tip sheet addresses the sticky wicket areas that so often cause a share to fall apart, including compensation issues, nanny tax concerns, vacation and sick time concerns, overtime compensation, and planning for the end of the nanny share.

Do you have advice or lessons learned to share with families and nannies considering these nanny share arrangements? I invite you to leave your comments below.

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