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How does the economy of the Nanny Industry

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

I admit to working as a nanny for two parents who work on Wall Street is disturbing to me. If the economic downturn has a cascading effect that will inevitably affect nurses. Nanny may lose jobs, but can have increased jobs and two families of parents to send both parents to work to bring in two incomes.

Appropriate advice to share with Anna, I asked a few owners of nanny agencies and nanny professionals if the economic downturn is affecting their businesses and for their advice for nannies (as Ana) during this economic downturn.

Katherine Leary Robinson, President of Beacon Hill nannies, Inc. In Newton, Massachusetts, says, "I recommend babysitters down your salary expectations of 10-12%, if families are no longer actively."

Ms. Leary, continues, "Live-in nannies are very fortunate in this horrible economic environment. As his only clothing and entertainment expenses, which have not experienced the increased costs of rent, heat, food or gas. Please do not forget the amount of money saved as a Live-In Nanny, here on the east coast. Live-in nannies are enjoying on average an additional $ 25,000 a year in profits tax-free space, aboard an insured car and health insurance. You would have to be earning an additional year of $ 33,000 net to gross $ 25,000 for living expenses. "

Susan Tokayer, owner and director of the Family Helpers, Inc. in Dobbs Ferry, New York, explains: "We have been slower, both our temporary and long term service for the past six weeks, since the banking crisis hit. I would say we're doing on the business to 30% less than what they were doing a year ago. Most families are being well guarded, so it's not like normal activity. "

Ms. Tokayer adds: "Everyone (including nurses) should have some money set aside for emergencies. If you were to be unemployed because your employer suddenly lose your job, you must have some money available to live in safety until another position. Ideally, you want to have the equivalent of six months of expenses in savings. If you do not have that amount is now a good time to put some money for a rainy day. Finding a new job may take longer than usual in this economic environment. "

Glenn S. Greenhouse, who owns the greenhouse Agency, Ltd. In New York, says: "We have noticed a very slight decrease that I think it is due to the current financial crisis we are dealing with. However, it is minimal. "

Mr. Greenhouse continues, "My advice for nannies would stay where you are if your work is safe. If the job is safe from your boss, not to seek greener pastures. If you are looking for a job do not sell yourself short, but weigh much job security as compensation for work. This is a better decision-making a few dollars less with a family that will have your money tomorrow, the risk that a job that pays lots of money with a family who recently made his money or are working in an industry at risk. "

Rachel Lawrence, owner of Wilmington Nanny Agency LLC into shares of North Carolina, "Things have slowed down a bit. Although worth every penny, now might not be a good time to play hard ball on their salary. Talk to parents and seek to establish a plan for a salary from low and then with an increase of 90 days and an increase in a year to pay closer to that originally sought. Once the family sees how wonderful you are, it raises will much easier to give a high salary of the stick.

Shannon Pitts, CEO of Business and InteliMark GreatAuPair.com explains: "Some families are reluctant to care full time, looking ways to reduce their childcare costs. We have more candidates seeking jobs and less jobs available now than a year ago.

"Babysitting job seekers can find that are competing for fewer jobs available and, as such, should consider the quality of their implementation. It would also be pays to learn to sell the skills they have to potential employers and improve their interviewing skills, "says CEO InteliMark business.

"Another option for nannies would be to consider organizing a nanny share between two families. This will help ensure the acquisition of hours full-time nannies, while helping families with the cost of childcare. Families looking for nannies who have organizational skills and management the time required to establish a nanny share a viable option for both families, "says Shannon Pitts.

Alicia Torchia, President Consultant and the careful placement carers LLC, which serves New Jersey and upstate New York area of the three writes, "I seen a 5% decrease in volume of business that we brought in this past year, these are the families who are hiring us for care services babysitting. I have seen an increase in the recruitment of relatives for treatment of infant specialists. I have seen an increase in repeat business over all. "

Ms. Torchia added: "I have seen an increase in nurse practitioners, teachers and college graduates and people, even companies enter the field nurse because they have lost jobs in their field. I tell all the nurses on my network to try not to change jobs in this economy, because you never know when you are getting another work that suits your needs. "

Sharon Toutant, who owns a better nurse in Sierra Madre, California, he says, "We're seeing fewer families that offer full-time positions. It is often used by their family caregiver needs and hiring part-time nannies. Many families who seek our help in finding their nurses work somewhere else in time to not lose someone valuable to their lives. "

Ms. Toutant says: "My best suggestion for the nannies is to be extremely prepared and have the best information on hand for the first interview. Provide a brief curriculum well done vitae, written references with phone numbers and other contact information for those references, a current DMV report and any background check penalties that may occur. Also present for review of school transcripts, certification in CPR and first aid. Being the nurse that brings the best package to the table for the family to remember you as the best prepared. "

Owner Lora Brawley Brawley & Associates and AllAboutNannyCare.com in Federal Way, Washington, adds, "I have seen a decline in the number of families who buy consulting services. However, I still have the same number of families seeking to hire a nanny. "

Ms. Brawley recommends that nannies:

1. Be prepared to jump into the job search. Do not wait until the unthinkable happens before you start to hone their job search skills and developing your portfolio search.

2. Be prepared to have the "why are we paying so much?" Conversation. Each nurse must be able clearly define the value they bring to a family.

3. Stay calm. Anxiety is contagious. It is your responsibility as a professional to create and maintain providing safe care environment. Besides make you feel better too!

Judi Merlin, the president of a friend services of the family home, Inc. in the responses from Georgia, "Yes, our business has declined, both short and long term. We are recruiting only specific areas and specific jobs, as we have enough caregivers to fill almost all the jobs we have. "

Pat Cascio, Founder and Director of Morningside nannies in Houston, Texas, explains, "Long-term placements have been reduced. Temporal has reduced a little. We had fewer consultations, fewer and fewer new customers contracts.

Ms. Cascio says, "kangaroos used to win in the top of the salary range, you may need to be a little flexible on the salary you are requesting. Some families that are involved in investment and the dealer is not making that sort of commissions that are used to and therefore money is not flowing as easily as it ever has. Other families may see their investments decrease market and do not feel very secure about their financial future. When the job offer, nannies should consider themselves lucky to be receiving a job offer and hope that when the financial situation revolves around that your employer can increase his salary. There have been some recent stories about nannies can not find jobs in cities as large as New York. Reporting London newspapers are the same thing – when families to cut expenses of the nanny may be the first to go. "

Kougias Merrill CEO Choose The Right Nanny, LLC in McKinney, Texas, reveals, "We have seen a decrease in our life-in placements in markets like New York. We also noted that families are not calling to interview candidates in a timely manner. Customers (on the coast this) are not scrambling to fill vacancies, and seem to be taking a 'wait and see what happens "."

The CEO of The Nanny Choose law continues: "If a nurse decides to do a career change, try to be patient and flexible. A high-end nanny may be necessary to reduce its obligation to pay or work more efficiently by resorting to an agency to advance their job skills and wage requirements. Another point is to insist on an agreement work or contract between the employer and nanny.

Michelle Damas, CEO of nannies and servants Neverland in Woodland Hills, California, says: "Unfortunately, we have seen a slight dip in business due to economic recession. However, there are undoubtedly still jobs available for those not affected by the recession. "

Ms. Damas continues, "The recession will not affect most of our type of clientele, but home buyers for the first time (unfortunately) the lowest income households have to cut corners. On the positive side, many families who have secured employment still remains the demand for quality childcare for their children, providing ongoing career opportunities for professional nannies and working children. "

"If nurses are experiencing some difficulty in getting jobs as a nanny, I would encourage them to take the following steps to increase their chances of finding a great opportunity and beating the competition:

1. On the whole a quality nanny resume. Suggestion: List your skills in the beginning so you stand out from others. Try to incorporate their positions only related child care, instead of non-relevant work experience. Families want to know what kind of experience with children who have more than anything else.

2. No put all your eggs in one basket! I encourage all nannies to reach the time for quality assurance agencies in your area and interview each and every one of them (not a sign on the agency only). , No harassing agencies, providing each with a weekly phone call / email letting them know that you are still in the market for a nanny position.

3. Remain competitive by keeping your salary requirements reasonable. Finding out what the fee is your area and then adjust accordingly. Be flexible and professional.

4. If you can, be flexible with your schedule (and note it on your resume). If you is open to travel, overnight stays and weekend, please note that on your resume.

5. Try to go on most interviews each agency offers. Arrive on time for interviews and professional attire. Bring a copy of your resume, references (depending on the policies of the agencies), letters of recommendation you may have copies of the First Aid / CPR certification, Trustline removal and any other documents that may have to prove their professional qualifications as a nanny.

6. Once again, remain optimistic! All that positive energy is tied to the land that a great opportunity.

Merchant Anne of the Teachers College for Professional Development and author of the book Nanny text explains: "The economic downturn has impacted us. We have given up all our positions, and that the registration number of nurses for class-dropped drastically. Now, because we have no objections to the count of all students is higher than it has been in six years. I would advise babysitters to not make the mistake of assuming that you will never be fired. With the rate of foreclosures and the collapse of the old and respected banks and companies (not to mention of individuals and families who have lost a lot of money in the stock market) people are cutting. "

Ms. Merchant recommends: "To remain as marketable as possible, do not work alone in their education – working to obtain additional credentials that can be added to their curriculum, such as;

1. Renew your CPR certification and include a copy of the certificate in your wallet for a nurse.

2. Get a letter of recommendation from your current employer while you are working now or ask your employer to complete an evaluation to be included in your portfolio for a nurse.

3. Ask friends who are nurses if your employer needs a babysitter occasionally at night and if so request a letter of recommendation.

4. Taking classes as a nanny of ours in the Teachers College for Professional Development.

5. Finding a way to volunteers to help in a program after school, day care, a Gymboree, the local bookstore or library by performing a "story time" or daycare. Volunteers for an adult or a group of children in literacy, teaching English as a second language, or classes in an elementary school. Tell advance that is being built both your skills and your resume and would like to acknowledge his help in writing a reference letter. "

ENannySource.com CEO Steve Lampert national nanny website writes: "The fact that there will be no more searching for nannies fewer jobs work, which makes very important that each nurse very professional and well written a resume, dress appropriately and have good reference letters. In addition, responding quickly to all calls and emails and be on time for interviews. "

Jo Anne Reed, owner of household goods, in Atlanta, Georgia, suggests, "I would advise babysitters for seasonal jobs to subsidize their income, while we get through this time. "

Hilary Lockhart, CEO and founder of A + Nannies, Inc. in Scottsdale, Arizona shares, "Our temporary placements have been reduced by 42%, the records of the family have been reduced by 47%, and permanent placements for 51%. I think everyone is already a success. I think the nannies who know that if they want the same pay they have been receiving over the last two or three years, have to wait to be patient when looking for work. We have many families who want to create about $ 1 less than what I saw two years ago, are all willing to give increases at six months. I think parents are just trying to save money (like the rest of us). Of course, customers are still money no problem, but not all are well. "

Betty Davis of In Search of Nanny Inc. in Beverly, Massachusetts, reveals, "We will have as a high increase in total annual revenue, compared with previous years. We'll definitely meet the levels of total revenue last year, but can not increase revenue, as we have done in most previous years. "

Ms. Davis added: "In the metropolitan area Boston is not only home care has been impacted. There are many long-term family care providers in our geographic area that have closed their companies due to lack of enrollment and have submitted applications to the Agency for professional posts. The nurseries also let teachers go due to low in the inscriptions.

"Wages in the Boston metropolitan area are perhaps the highest in the country and have increased markedly in the last two to three years. I believe that caregivers, like all of us will have to "tighten their belts" and perhaps consider positions with salaries slightly lower (being competitive) who may have had recently. The economy will recover and if a caregiver is doing a great job, I am sure that their employers are more confident in their professional, working your caregiver will be financially recognized. Most of the families we help have also seen decrease their income – does not, the elimination of bonuses, and so on, "says Ms. Davis.

She continues, "kangaroos could also consider working two part time jobs to earn their weekly wage. We put carers at two jobs – a two-day working and working three days. Salaries for part-time jobs appear to have been as affected as the salaries of full-time caregivers. When we place a caregiver agency in two part-time positions in our agency provided benefits for the caregiver negotiate between two families. If a caregiver already has a part-time position (which was independently) and wants us to find another 'match' that the caregiver can not receive a complete package of benefits paid unless we are able to negotiate with another family – that rarely happened. "

Mary O'Connor, owner of nannies, interior, Minneapolis, Minnesota, adds, "We're almost at the same place as last year. We realized that most families considering a part-time nanny nanny on a time complete. Our temporary placements have increased. However, in the last couple of weeks we have had a decrease in customer questions and new customers. "

Ms. O'Connor says, "Nannies should carefully consider changing jobs, knowing that finding something that could take much longer than it has in the past. Good jobs are available but it is taking longer to find the "right fit". The ability to accept temporary or short-term, while searching for permanent placements. See what may be negotiable because you may make concessions on their salary range and benefits. It is in the best interest of the nurse to make sure your resume is up to date CPR and First Aid is current, and have demonstrated the continuing professional education – these things are the focus .

Erin Krex, owner of First Class Care, Inc., in Illinois, adds, "Families are not offering them generous salaries as three months. More than shopping around for the best deal. Most of the nannies I see we are asking for more money than they did in his latest work, which is understandable, but I say if you can find a good family who will need long-term decline then take the payment and the year wait a salary increase, otherwise it will go months without a job while waiting for the desired salary. "

Some owners of the agency have seen no effect of economic recession. For example, Starla Smith, HouseholdStaffing.com in Pennsylvania, says, "The business is boom!

Mylander Ginger Swift, President of ABC Nannies and domestic, Inc. in Denver, Colorado, reveals that she is having "Another great year and once again we are on track to surpass last year's revenue. Nanny with experience and strong references will always be in demand .

Jessica Gillan, President and CEO of a Nanny Solution, Inc. in San Jose, California's actions, "he had my most profitable year ever. We have placed 53 full-time nurses this year alone, and the year is not over. I've had parents tell me that recently sold reserves to pay one of our high caliber babysitters in addition to our placement fees. I have seen three agencies in the Bay Area go under of the last six months, I can advertise my services to the business and medicine, practitioners are less affected by the economy, since it placed a nanny with a doctor Stanford, all the hospital calls me now. Believe it or not, this economy can be a blessing for the nanny industry. More mothers are going to work and families need babysitters. If this is really your career, then you take the good with the bad, the economy will make a return. Meanwhile, stay out of craigslist that parents who are looking for a cheap deal and as a result there are only want to offer below-market wages. Parents use agencies because they want the whole package and are aware of placement rates and higher wages. Parents want a polished and committed professional sitter.

Wendy Sachs, president of the Philadelphia Nanny Network, Inc. explains, "We have noticed a decrease in our business in any way due to the recession economic. We've seen families deciding to choose to use our service tell us that because of the economy, but we're still getting new customers to replace the attrition. "

Ms. Sachs continues, "With more people are laid off, the group was flooded with people looking for work, evaluate Working out again at this time may be more prudent to stick to the work they are in —

Elizabeth Walsh, owner of NannyQuest, Inc. in Atlanta, Georgia, explains, "Our customers seem to be beyond the financial storm. Suggest nannies show your search parameters employment. Be willing to do a little more than child care. Sell yourself, highlighting your skills in household management, household chores, meal preparation, tutoring, swimming lessons, and so on. When parents realize that they may be more effective to make money, because of what to take off the proverbial plate, they are more willing to pay much money. "

Claudia Kahn, owner of the company Help Santa Monica, Calif., writes, "We have seen a decline in our business, but we are waiting. We have had many calls from nannies rather than have lost their jobs and are looking for a new job. I also assume that parents try to do the job in a good agency will verify the right person to help with their childcare. There is always a need for nurses here in LA, because there are thousands of two-income families with parents who need care children. Not only am I telling the nurses, but the work of other applicants, as well as personal assistants and managers, and cooks to the possibility of lowering the expectations of their wages, and to be more flexible in what you're looking at a position. Everyone needs to lower their prices including agencies, as this is a time when everyone is concerned about its results. "

Susan Feigon & Gail Hamilton, Feigon Hamilton Partnership recommend "Be positive and keep the job he already has, for now."

The good news: Anna, the nurse called Best Nanny Bulletin crying that he lost his job the first week of October has found a job before printing this topic. She has just signed a contract who earns $ 65,000 per year as a nanny in Hoboken, New Jersey. For Anna, his former chief of losing his job became his blessing.

Thanks Sacha Taylor also babysitters and more in Atlanta, Georgia, Susan Buczak Christian Nanny in Knoxville, Tennessee, and Shari Kendall-O'Neill, owner of Amazing Placements, LLC, for their contributions to this article.

References:

1. Lora Brawley, Brawley & Associates, Federal Way, WA

2. Pat Cascio, Director of Morningside Nannies, Houston, TX

3. Michelle Damas, CEO of nannies and domestic Neverland, Woodland Hills, CA

4. Betty Davis, Owner, In Search of Nanny Inc., Beverly, MA

5. Susan Feigon and Gail Hamilton, Feigon Hamilton, association,

6. Jesica Gillan, President and CEO, A Nanny Solution, Inc., San Jose, CA

7. Glenn S. Greenhouse, Owner, Greenhouse Agency Ltd., New York, NY

8. Claudia Kahn, owner, Help Company, Santa Monica, CA,

9. Kougias Merrill CEO Choose The Right Nanny, LLC, McKinney, TX

10. Erin Krex, owner, quality and attention, Inc., IL

11. Rachel Lawrence, owner, Wilmington Nanny Agency LLC., Wilmington, North Carolina

12. Anne Merchant, Teacher's College Professional Development

13. Judi Merlin, President, a friend of the family home services, Inc., GA

14. Shannon Pitts, CEO of Business InteliMark GreatAuPair.com

15. CEO Steve Lampert, eNannySource.com, West Hills, CA

16. Hilary Lockhart, CEO of A + nannies, Inc., Scottsdale, AZ

17. Mary O'Connor, the owner, kangaroos, interior, Minneapolis, MN

18. Jo Anne Reed, Owner, Real Domestic, Atlanta, GA

19. Katherine Leary Robinson, President, Beacon Hill Nannies, Inc., Newton, MA

20. Wendy Sachs, President, The Philadelphia Nanny Network, Inc., Ardmore, PA

21. Starla Smith HouseholdStaffing.com Bala Cynwyd, PA

22. Mylander Ginger Swift, President of ABC Nannies and domestic, Inc. Denver, CO

23. Susan Tokayer, President, Family Helpers, Inc., Dobbs Ferry, NY

24. Alicia Torchia, President, Care Caregivers LLC Skillman, NJ

25. Sharon Toutant, owner, a nanny better Sierra Madre, CA

26. Elizabeth Walsh, owner NannyQuest, Inc., Atlanta, GA

About the Author

Stephanie Felzenberg has worked as a nanny since 1993 and has been the editor of the nanny trade publication Best Nanny Newsletter since 2001. Contact Stephanie at: Best Nanny Newsletter, PO Box 43477, Upper Montclair NJ 07043 Phone: 973-259-1101 Web: www.bestnannynewsletter.com Email: Stephanie@BestNannyNewsletter.com.

ANA MAY PT

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