Whilst working as a nanny is one of the most rewarding jobs you can have, there are some negatives to being a nanny.
In the current UK job market many jobs are vulnerable. As a nanny you are reliant on your employer having a job. Some nannies may work for families where parents do not have jobs but I would have thought such a situation is rare. These days nannies are often employed by working parents.
Recently I have heard from two nannies who lost their jobs during the past few weeks. Their role has become redundant as a parent will be staying at home to care for their own children due to having been made redundant from their job. Redundancy can happen to anyone and it happens to employers of nannies, who subsequently make their nanny redundant.
In the current economic climate it is prudent to have some savings to fall back on, should you be made redundant and have a period of time where you do not have an income. Nannying is not a stable job… whilst you can work for a family for many years, at some point the job will end.
If your employment ends, do try to keep on friendly terms with your ex-employer. Ask them for a written reference and request that you can pass on their phone number to agencies and possible future employers so that the written reference can be checked verbally. Keep in touch with them, you never know if they have been made redundant they may decide to job hunt again in the future and may need a nanny again.