How did you raise rates on current families? Did you gradually add the money in each week? How did you talk to parents about it and how did the parents respond?
Announcement
Collapse
No announcement yet.
How Did You Raise Rates?
Collapse
X
-
-
Unknowingly, I was way under local rates. I sent home a newsletter telling families that I would be raising rates $5 a week every 6 months until I caught up with local current rates. All new dcfs came in at my new rate. It was a slow process but as of next week, I'll be caught up to local family dc rates. And all new dcfs are coming in at $10 more. I send out a reminder of increasing rates about a month beforehand.
Centers here charge way more, $200 a week. If a dcf prefers a small in home dc, then I would imagine they'll be happy paying 135, which is where I want to end up.
Nobody likes price increases but the families I have are respectful and appreciative. So $5 a week every 6 months is something they can swallow easier.
- Flag
Comment
-
Originally posted by MomBoss View PostHow did you raise rates on current families? Did you gradually add the money in each week? How did you talk to parents about it and how did the parents respond?
- Flag
Comment
-
My contract states that fees will be evaluated each November 1. Notice of any changes will be given to parents by November 15 to take effect Jan 1. If I know I'm raising rates and it's fall/ late summer any new enrollment will start at the new rate.
- Flag
Comment
-
I don't raise rates on current children but I do raise rates a few $'s (sometimes per week/sometimes per day) in the Fall so every new child coming into care gets a new rate.
The only time I've "edited" rates for current families was when I switched to billing according to pick up time and then only those families that picked up the latest had an increase in rates.
- Flag
Comment
-
Originally posted by Blackcat31 View PostI don't raise rates on current children but I do raise rates a few $'s (sometimes per week/sometimes per day) in the Fall so every new child coming into care gets a new rate.
The only time I've "edited" rates for current families was when I switched to billing according to pick up time and then only those families that picked up the latest had an increase in rates.
- Flag
Comment
Comment