My OperaHow the Economy Affects Nanny the Industry
Friday, April 6, 2012 4:10:17 AM
Ana, a nanny that works and lives just outside of Manhattan called Best Nanny Newsletter crying during the first week of October, 2008. Ana told me that her boss came home early during the week from his job on Wall Street and announced he had been fired, and that her employer could no longer afford to employ her. Read for more information about foreclosure help York pa.
I acknowledge working as a nanny for two parents that work on Wall Street is unsettling for me. If the economic recession has a trickle-down effect it will inevitably affect nannies. Nannies may lose jobs, but there may also be increase jobs as two parent families send both parents to work to bring in two incomes.
To share proper advice with Ana I asked a few nanny agency owners and nanny industry professionals if the economic recession is affecting their businesses and for their advice for nannies (like Ana) during this economic recession. Read for more information about foreclosure help York pa.
Katherine Leary Robinson, President of Beacon Hill Nannies, Inc. in Newton, Massachusetts says, "I recommend nannies back down their salary expectations 10-12%, if they are not seeing families actively pursuing them."
Ms. Leary continues, "Live-in nannies are very fortunate in this horrible economic environment. As their only expenses are clothing and entertainment, they have not experienced the increase costs of rent, heating, food or gas. Please don't forget the amount of money you save as a live-in nanny, here on the east coast. Live-in nannies are enjoying on average an additional $25,000 a year in tax free benefits with free room, board, an insured car, and health insurance. You would have to be earning an additional $33,000 year gross to net that $25,000 for those live out expenses." Read for more information about foreclosure help York pa.
Susan Tokayer, Owner and President of Family Helpers, Inc. in Dobbs Ferry, New York explains, "We have been slower both with our temporary service and long-term service for the past six-weeks, since the banking crisis hit. I would say we are doing about 30% less business than we were doing one-year ago. Most families are being cautious right now, so there isn't as much activity as normal."
Ms. Tokayer adds, "Everyone (nannies included) should have some money set aside for emergencies. If you were to suddenly be unemployed because your employer lost his/her job, you should have some money available to live on until you secure another position. Ideally, you want to have the equivalent of six-months of living expenses in savings. If you don't have that amount, now is a good time to put some money aside for a rainy day. Finding a new job may take longer than usual in this economic environment."
Glenn S. Greenhouse, Owner of Greenhouse Agency, Ltd. In New York says, "We have noticed a very slight decline which I believe is due to the current financial crisis we are all facing. However it is minimal."Read for more information about foreclosure help York pa.
I acknowledge working as a nanny for two parents that work on Wall Street is unsettling for me. If the economic recession has a trickle-down effect it will inevitably affect nannies. Nannies may lose jobs, but there may also be increase jobs as two parent families send both parents to work to bring in two incomes.
To share proper advice with Ana I asked a few nanny agency owners and nanny industry professionals if the economic recession is affecting their businesses and for their advice for nannies (like Ana) during this economic recession. Read for more information about foreclosure help York pa.
Katherine Leary Robinson, President of Beacon Hill Nannies, Inc. in Newton, Massachusetts says, "I recommend nannies back down their salary expectations 10-12%, if they are not seeing families actively pursuing them."
Ms. Leary continues, "Live-in nannies are very fortunate in this horrible economic environment. As their only expenses are clothing and entertainment, they have not experienced the increase costs of rent, heating, food or gas. Please don't forget the amount of money you save as a live-in nanny, here on the east coast. Live-in nannies are enjoying on average an additional $25,000 a year in tax free benefits with free room, board, an insured car, and health insurance. You would have to be earning an additional $33,000 year gross to net that $25,000 for those live out expenses." Read for more information about foreclosure help York pa.
Susan Tokayer, Owner and President of Family Helpers, Inc. in Dobbs Ferry, New York explains, "We have been slower both with our temporary service and long-term service for the past six-weeks, since the banking crisis hit. I would say we are doing about 30% less business than we were doing one-year ago. Most families are being cautious right now, so there isn't as much activity as normal."
Ms. Tokayer adds, "Everyone (nannies included) should have some money set aside for emergencies. If you were to suddenly be unemployed because your employer lost his/her job, you should have some money available to live on until you secure another position. Ideally, you want to have the equivalent of six-months of living expenses in savings. If you don't have that amount, now is a good time to put some money aside for a rainy day. Finding a new job may take longer than usual in this economic environment."
Glenn S. Greenhouse, Owner of Greenhouse Agency, Ltd. In New York says, "We have noticed a very slight decline which I believe is due to the current financial crisis we are all facing. However it is minimal."Read for more information about foreclosure help York pa.
