• Latest
  • Trending
  • All
  • News
The Moneyist: ‘I wouldn’t be successful at my job without her’: My friend cleans, cooks and cares for my child. I pay her $50 a day. Am I taking advantage of her?

The Moneyist: ‘I wouldn’t be successful at my job without her’: My friend cleans, cooks and cares for my child. I pay her $50 a day. Am I taking advantage of her?

April 23, 2023
Are You Failing to Prepare the Next Generation of C-Suite Leaders?

Are You Failing to Prepare the Next Generation of C-Suite Leaders?

June 4, 2023
We need to keep CEOs away from AI regulation

We need to keep CEOs away from AI regulation

June 4, 2023
India blames train crash on signal failure as death toll nears 300

India blames train crash on signal failure as death toll nears 300

June 4, 2023
Polish opposition leads huge pro-democracy protests in Warsaw

Polish opposition leads huge pro-democracy protests in Warsaw

June 4, 2023
Opec+ attempts to agree oil production cuts in Vienna

Opec+ attempts to agree oil production cuts in Vienna

June 4, 2023
Siemens and Microsoft give last-minute backing to CBI

Siemens and Microsoft give last-minute backing to CBI

June 4, 2023
Take Your Social Media Earning Potential Sky-High With This $79.97 Quadcopter

Take Your Social Media Earning Potential Sky-High With This $79.97 Quadcopter

June 4, 2023
Sleep Better, Snore Less, and Stay Cool with This Tech-Packed Pillow, Now $49.99

Sleep Better, Snore Less, and Stay Cool with This Tech-Packed Pillow, Now $49.99

June 4, 2023
Dogecoin and Polygon Price Prediction and Beyond: a Look at Key Altcoins for 2023

Dogecoin and Polygon Price Prediction and Beyond: a Look at Key Altcoins for 2023

June 4, 2023

Moving on From the Debt Ceiling…

June 4, 2023
Amazon Unveils Fire Max 11 Tablets

Amazon Unveils Fire Max 11 Tablets

June 4, 2023
3 Steps to Effective Social Media Recruiting

3 Steps to Effective Social Media Recruiting

June 4, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 5, 2023
  • Login
WallStreetReview
  • Home
  • News
  • Contact WSR
No Result
View All Result
WallStreetReview
No Result
View All Result
Home News

The Moneyist: ‘I wouldn’t be successful at my job without her’: My friend cleans, cooks and cares for my child. I pay her $50 a day. Am I taking advantage of her?

by Editor
April 23, 2023
in News
0
The Moneyist: ‘I wouldn’t be successful at my job without her’: My friend cleans, cooks and cares for my child. I pay her $50 a day. Am I taking advantage of her?
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The Moneyist


Last Updated: April 22, 2023 at 4:20 p.m. ET


First Published: June 29, 2022 at 12:03 a.m. ET

‘I still nurse my daughter, put her down for naps and change her dirty diapers’

‘She says she’s more than happy to be here with us and has mentioned that we don’t have to pay her, although she appreciates it when we do.’


MarketWatch illustration

Dear Quentin,

I’m a working-from-home mom and my supervisors have no intentions of bringing me back to the office at this time. In order to actually get work done, I have pieced together childcare using the help of family and friends.

I have one friend who has really gone above and beyond to adjust her own flexible work schedule around my meetings and deadlines. She cooks and cleans and cares for my infant daughter while I’m busy working. 

I…

Read More
One of the most common issues discussed in financial columns covers the quandary of when it comes to paying personal employees. This article will explore the implications of one particular case: a reader asking whether they are taking unfair advantage of a personal employee whom they pay a lot lower than expected for the needed tasks.

At the forefront is the reader’s close personal relationship with the employee in question, who is a friend. The role she plays in the reader’s life is significant. She cleans their home, cooks and cares for their child.

Following the traditional pay scale for such roles, the reader’s friend should be making twice as much as the reader is paying her. This begs the question: Is the reader taking advantage of his friend?

Fortunately, there are a few points of clarification worth noting. For one, the reader is based in a developing nation which serves as a mitigating factor when it comes to employment laws and wages. But, more importantly, the reader notes that they and their friend both feel they have an arrangement that works out nicely.

For the reader and his friend, their mutual understanding seems to be far more valuable than the traditionally accepted pay scale. The friend’s salary is likely lower than the market rate, considering the sophisticated roles she plays in the reader’s life. However, it appears that the reader’s friend does not feel taken advantage of and is content with the arrangement.

Ultimately, the question of whether or not the reader is taking advantage of their friend is difficult to answer without knowing the complete details. The more information we have on the friend’s exact responsibilities and the reader’s financial situation, the better we can judge the situation. That said, the way the reader has described the relationship and the terms of employment suggests that the arrangement is mutually beneficial and fair.

At any rate, this particular situation serves as an important reminder: there’s always more than one point of view when it comes to personal and professional relationships. And, if you’re asking yourself if you’re taking advantage of an employee, it’s best to take a step back and reevaluate your situation carefully.

Share196Tweet123Share49
Editor

Editor

  • Trending
  • Comments
  • Latest
Trudeau Invokes Rare Emergency Powers To Shut Down ‘Freedom Convoy’ Blockades

Trudeau Invokes Rare Emergency Powers To Shut Down ‘Freedom Convoy’ Blockades

February 15, 2022
Canada’s OSC Flags Tweets From Coinbase, Kraken CEOs

Canada’s OSC Flags Tweets From Coinbase, Kraken CEOs

February 22, 2022

Scaling Up Your Freelancing Career to a Small Business

June 26, 2022
Scholz to warn Putin of western resolve on Ukraine

Scholz to warn Putin of western resolve on Ukraine

0
Waning stockpiles drive widespread global commodity crunch

Waning stockpiles drive widespread global commodity crunch

0
FT Global MBA Ranking 2022: US business schools dominate

FT Global MBA Ranking 2022: US business schools dominate

0
Are You Failing to Prepare the Next Generation of C-Suite Leaders?

Are You Failing to Prepare the Next Generation of C-Suite Leaders?

June 4, 2023
We need to keep CEOs away from AI regulation

We need to keep CEOs away from AI regulation

June 4, 2023
India blames train crash on signal failure as death toll nears 300

India blames train crash on signal failure as death toll nears 300

June 4, 2023
WallStreetReview

Copyright © 1999-2023. WallStreetReview.com

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News

Copyright © 1999-2023. WallStreetReview.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Don't miss the

NEWSLETTER

Exclusive editorial

Breaking News

Quality Company Coverage

Expert Writers

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

WallStreetReview will use the information you provide on this form to be in touch with you and to provide updates and marketing.