When working as a domestic employee such as a Nanny or Family Assistant, we can’t stress enough how critical it is to work on-the-books. Besides legitimizing your title as a ✨professional✨and being treated as such, there are many other benefits that will serve you in the present and future. Receiving legal pay is indispensable for your career and we encourage you to rethink your earnings. 💸
Unfortunately, there is a rough estimate of 75% of domestic employees getting paid under the table. We often hear from many Nannies regarding this preference, and we believe it is because most don’t understand the benefits and protections that comes with getting a percentage off your paycheck.
Here’s top 5 of the pros that come with working legally in the household employment industry:
🔮SOCIAL SECURITY FUND
Part of your taxable income goes to your social security fund. The longer you contribute to your covered-income, the higher your retirement amount will be.
🔮 UNEMPLOYMENT BENEFITS
In NY, domestic staff is hired “at-will”, implying that you may be terminated without notice. But, If you lose your job due to no-fault, unemployment benefits are there to cover you through a hardship.
🔮 INCOME VERIFICATION
Thinking of renting or buying a new home? 🏡 How about a new car? 🚗 Big-ticket purchases can only be obtained if you have traceable income and build credit.
🔮 WORKERS COMPENSATION
Employers are required to provide Workers Comp. If you get hurt on the job, you will have some or all medical costs paid for, and loss for income covered.
🔮 PAID FAMILY-LEAVE ELIGIBILITY
If you’re a new parent, or need a medical-leave for you or a family member you’re caring for you may be eligible for paid family-leave. Starting in 2021 in NYS, 67% of your salary may be covered for 12 weeks. 💗
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