Raising Rates

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  • lucky
    Daycare.com Member
    • Feb 2011
    • 89

    Raising Rates

    Hi Everybody! I'm just wondering how much notice you give parents before a rate increase. My new contract ,which goes into effect Jan. 1st will include a $5.00 per week increase per child. Also when do you expect contracts returned signed. Last year I didn't get a couple until into January. Nothing really changed, but still overdue. Thanks for the input!
  • Michael
    Founder & Owner-Daycare.com
    • Aug 2007
    • 7946

    #2
    Some threads on Rate Change Notification: https://www.daycare.com/forum/tags.p...e+notification

    Comment

    • Meyou
      Advanced Daycare.com Member
      • Feb 2011
      • 2734

      #3
      I give 4 weeks notice in case they want to look elsewhere for care.

      Comment

      • cheerfuldom
        Advanced Daycare.com Member
        • Dec 2010
        • 7413

        #4
        Updated contracts need to be signed and returned within 1 week. Rate increases go into effect two weeks after I give out the new contract. Don't feel like you have to give a ton of time. A few weeks is enough to decide what they want to do and find other care if the increase is too much for them. I wouldn't give months of notice.

        Comment

        • daycare
          Advanced Daycare.com *********
          • Feb 2011
          • 16259

          #5
          30 day price increase
          14 days to return. No care provided after 14 days until contract is returned.

          Comment

          • MommyMuffin
            Daycare.com Member
            • Jun 2010
            • 860

            #6
            I haven't done this yet but I think I would do a few weeks. I know $5 is not a big increase but some people live paycheck to paycheck and may need a little time to move somethings around. But I would not give more than 4 weeks. Also, like daycare said 14 days to have a returned contract. That way you will know if they plan on leaving or not.

            Comment

            • wdmmom
              Advanced Daycare.com
              • Mar 2011
              • 2713

              #7
              I raised my rates effective October 1, 2011. I gave notice on August 26th. It was equivalent to 5 weeks. I raised rates by $5 a week and I didn't have any issue from any family.

              Comment

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