Monday, August 22, 2011

The market rate for British nannies

According to an article in The Times of London by Fiona Neill, the mega-rich Russians, Sheikhs and Chinese pouring into London in recent years have jacked up the cost of a British nanny. A British staffing agency called Imperial Nannies cited a Russian client who wanted to poach a nanny from another family. Their salary offer: $200,000 a year. ...

These aren’t the norm, of course. More typical in Britain are salaries of $75,000 a year – with free room and board. Usually that means a “a flat that is self-contained or on a separate floor, or at least a room with en-suite bathroom — in a desirable Central London borough, and almost always includes a car,” according to the article.

Some British nannies specify that they only fly business class — though many have use of the family planes. One nanny was given a new wardrobe by her Italian employer, while another was given a house by her Saudi patrons.
--Robert Frank, WSJ, on the reward for being Mary Poppins