Something for the weekend: Everyone knows that parents can bring an abundance of new skills into the workplace when they return from leave, but what if their childcare and home-keeping responsibilities were able to earn them a wage?
According to a new tool from greeting card organisation Funky Pigeon, released in time for Mother’s Day on 31 March 2019, London-based parents could be worth a whopping £263,587 a year for completing their day-to-day tasks around the home, while mums and dads living in Bristol perform roles that could earn £185,607 a year.
The tool is based on eight tasks that parents perform while raising children; matched with the closest professional equivalent.
For example, time spent cooking can be compared to those working as a chef, hours cleaning could equate to a cleaner’s pay, while driving chores relate to the role of a taxi driver. Helping children learn puts parents on a par with teachers, organising the family and household is similar to a professional personal assistant and tackling mountains of washing fits with the responsibilities of working in a launderette. Tending to their child’s physical health, for example, could be comparable to being a nurse, and looking after the family’s mental wellbeing is linked to a psychologist’s job role.
To use the tool, parents can input the number of hours a week they spend completing the eight different task categories. This data is then converted into a yearly salary for each job role, which is then added together to create a total parent salary.
For example, if a parent spends seven hours a week cooking for their family, over the year that would equate to 364 hours of cooking. If the average wage for a chef living in the same area is £15 an hour, then the estimated salary for this one job would be £5,460.
Here at Employee Benefits, we took a stab at using the tool for ourselves and managed to achieve a parent salary of £70,505 a year, as we are London-based. For working parents, we are sure this extra income would be very much appreciated after all their hard work…