Time is a CEO's most valuable resource — here are all the people the .01% hire to keep their households running smoothly

Wealthy families in New York City and around the world will shell out loads of money for the right household help.

Estate managers can make up to $300,000 a year.
  • nannies
  • David Youdovin
  • Hire Society
  • a domestic couple

Whether you run a company or a household, time is often your most valuable resource.

For those who can afford to, hiring help — from assistants to nannies to chauffeurs — can make life a lot easier.

Business Insider spoke with David Youdovin, the founder and CEO of Hire Society, a recruitment firm that helps high-net-worth individuals and families in New York City, the Hamptons, and Palm Beach, staff their homes and businesses.

"The vast majority of our clients are the .01% — they have multiple homes, private aircraft, and several members of domestic staff," said Youdovin, who worked as a butler and estate manager for a billionaire family before founding Hire Society in 2012.

"There's major altruism in putting good people to work with these families," Youdovin said. "These salaries can be life-changing, especially for people not originally from the United States."

Below, Youdovin provided us with a list of the most common positions wealthy families are looking to hire for, and how much they pay annually. Youdovin says the base salaries range based on previous experience and references and often come with health benefits and bonuses.

Chief of staff

Salary range:

Management team

Estate manager

• Salary range:

Executive house manager

• Salary range: $100,000 - $150,000

Assistant house manager

• Salary range:

Butler

Salary range:

Assistants

Executive assistant

• Salary range:

Junior executive assistant

• Salary range:

• Salary range:

• Salary range:

Chefs

Head chef

• Salary range: $

• Salary range:

• Salary range:

Housekeeping

Executive housekeeper

• Salary range:

• Salary range: $65,000 - $80,000

Ladies maid

• Salary range:

Family help

Baby nurse

• Salary range:

Nanny

• Salary range:

Governess

• Salary range:

Chauffeur

Driver

• Salary range:

Domestic couple

Salary range:

Tutor

Salary range:

Houseman

Salary range: $75,000 - $125,000

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