Tokay High School

Ana, a nurse who lives and works outside of Manhattan named Best Nanny Newsletter crying during the first week of October, 2008. Ana told me that her boss came home early during the week of his job on Wall Street and said he had been fired, and that his employer could no longer afford to employ.

I agree to work as a nanny for two parents who work on Wall Street is troubling to me. If the economic downturn has a trickle down effect, it will inevitably have nannies. Nannies may lose their jobs, but it can also be increased jobs as parent families send both parents to work to two incomes.

To share appropriate guidance with Ana I asked some nanny agency owners and industry professionals nanny if the economic downturn is affecting their businesses and their advice for nannies (as Ana) during this economic downturn.

Katherine Leary Robinson, president of Beacon Hill Nannies, Inc.. In Newton, Massachusetts said: "I recommend nanny salary expectations down 10-12%, if they do not see families actively pursuing them."

Ms. Leary continued, "Live-in nannies are very happy in this horrible economic environment. Because their expenses are clothing and entertainment, they have not experienced increased costs of rent, heating, food or gas. Please do not forget the amount of money you save as a nanny at home, here on the east coast. Live-in nannies receive on average an additional $ 25,000 per year in benefits tax free with free space, advice, an insured car and health insurance. You do not have to be earning an additional year at $ 33,000 gross net $ 25,000 for expenses to live. "

Tokai Susan, owner and president of Homemakers, Inc.. At Dobbs Ferry, New York, explains: "We have been slower with both our temporary and long-term services for the past six weeks, since the banking crisis struck. I would say we're about 30% less business than we were a year ago. Most families are cautious right now, so there is not much activity as usual. "

Ms. Tokai adds: "Everybody (caregivers included) should have money set aside for emergencies. If you were suddenly find themselves unemployed because your employer has lost his job, you should have a little money to live until you get another job. Ideally, you want to have the equivalent of six months of living expenses in savings. If you do not have this amount, is now a good time to put money aside for a rainy day. Find a new job may take more time than usual in this economic environment. "

Glenn S. Greenhouse, who owns the Agency Greenhouse, LTD. In New York, said: "We noticed a very slight decrease I think it's because of the current financial crisis, we all face. However, it is minimal. "

Mr. Greenhouse continues, "My advice to nannies is to stay where you are, if your job is secure. If the work your boss is sure not to seek greener pastures. If you are looking for a job, do not sell yourself short, but job security weigh as much as labor compensation. This is a better decision-making a few dollars less with a family who will have their money tomorrow, than risk a lot of money paid job with a family that has to do with their money or working in a hazard area. "

Rachel Lawrence, owner of Wilmington Nanny Agency LLC shares of North Carolina, "Things have slowed down some. Although you may be WOR.