Fringe Benefits Deep Dive: Retirement, Health Insurance, & Beyond
This session breaks down the often‑confusing world of fringe benefits so nannies can approach compensation conversations with clarity and confidence. From retirement plans and health insurance to stipends and reimbursements, participants will learn which benefits are taxable, which are not, and how to structure them for maximum personal advantage. The workshop also explores what families can legally and effectively offer as part of a competitive compensation package—and how these benefits support long‑term retention and job satisfaction. Attendees will gain insight into leveraging unique tax arrangements, understanding their options, and communicating professionally with employers, agencies, family offices, and tax professionals. By the end, nannies will feel equipped to navigate these discussions like seasoned pros and advocate for a compensation package that reflects their value.
With nearly two decades of experience in the household employment industry, Franny Wood combines deep expertise in tax compliance with a genuine passion for supporting families and care professionals. She holds dual Bachelor of Science degrees in Psychology and Accounting, and is currently completing a general MBA spring of 2025, to further expand her strategic and financial acumen. Franny’s unique blend of industry insight and accounting knowledge makes her a trusted resource for employers, employees, and professional partners alike. Through her role at HomeWork Solutions, she advises on household employment tax compliance, total compensation strategies, and legal pay requirements—helping clients and employees navigate the complexities of the household employment industry, while aligning budget expectations and tax saving strategies.