The Daily Telegraph - Saturday - Money

Nannies being lured by sports cars and holidays

- Rachel Mortimer

Nannies are quitting the industry in search of a better salary as the cost of living soars and 40pc have considered a change of career in the past two years, according to payroll firm Nannytax.

British families pay an average of almost £32,600 a year, or £12.52 an hour, for a nanny, rising to roughly £39,800 a year in London.

Fees are at an all-time high, as the supply of workers within the sector dwindles. Thousands of nannies are on the brink of moving to a new vocation, or a better-paying family, leaving parents without childcare.

Kirsty Wild, of Nannytax, said parents were recruiting at school gates offering higher salaries and “juicy starter perks” such as holidays and access to sports cars.

She said: “Families who employ nannies need to start thinking about how they will retain them.

“If increasing pay is not an option, then consider additional rewards or training opportunit­ies. One nanny just had the opportunit­y to work in Barcelona for a month, another got to drive a Porsche and a Tesla, and another had access to the family’s chef and chauffeur.”

Rent-free accommodat­ion and use of second homes for holidays were also commonly used as employee benefits, Ms Wild said.

Competitio­n for nannies is now fierce because of staff shortages triggered by Brexit, the pandemic and huge demand amid a shortage of nursery places.

Cheaper childcare alternativ­es, such as nurseries and childminde­rs, are also battling a staffing crisis, pushing up prices and restrictin­g availabili­ty for parents.

More than 5,000 workers have left the early years sector since the pandemic began, according to analysis by childmindi­ng agency Tiney.

Brett Wigdortz, from Tiney, said too many in the industry were “undervalue­d and underpaid”, especially nursery staff earning less than the living wage.

He said: “We need to ensure staff are fairly paid, have access to profession­al developmen­t and are respected for the skilled educators that they are.

“If we don’t then people will continue to leave, pushing up prices for families and restrictin­g access to care.”

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