Salary.com has released the results of their stay at home dads survey, attempting to put a price on the hours dads work. They discovered that in 2010, stay at home dads numbered 154,000 in the U.S. By taking into consideration all the tasks they do and placing a reasonable pay value on those tasks they crunched the numbers and came with the projected annual salary.
This year’s survey found stay-at-home dads work an average of 52.9 hours a week. Factoring in base pay plus overtime, these dads would earn $60,128 a year. Working fathers would be paid $33,858 a year after spending 30.6 hours a week on parenting duties. And that’s on top of working an average of 44 hours a week at their day jobs.
Evilee Ebb, General Manager of Salary.com, said, “It’s clear dads have become much more hands-on when it comes to parenting. From cooking meals to driving the kids to soccer practice, dads have been consistently taking on increased roles at home. Here at Salary.com, we see fathers as versatile workers who perform a myriad of day-to-day jobs that would make them attractive and valuable to any employer.”
The dads in this year’s survey are busy looking after their kids, preparing meals, doing work around the house and ensuring the mental well-being of their children.
It fell behind traditional “dad duties” such as maintenance worker, groundskeeper and facilities manager, but stay-at-home dads are spending an average of 3.5 hours a week as a psychologist. Dads also reported spending 10.8 hours a week as a daycare teacher, 6.2 hours a week cooking and 4.2 hours running the household as CEO.
The study also breaks down the hours per week that stay at home dads performing each task. Families are being forced to make some tough financial decisions in the past few years due to the recession, and rising prices of everything from milk to paper goods, the loss of savings and investments and poor job market. These are tough times so it’s important to look for the best way to maintain an income and ways to save money at the same time. For a growing number of families that means sometimes it makes more sense for dad to stay home with the kids.
How would your family manage if it became clear that dad would need to stay home with the kids and mom would continue to work?