I get paid to hold a full time spot. The hours of attendane is full time so I would charge the full time rate which seems quite reasonable. I would also ask for payments at the beginning of the week before you watch the kids AND I would charge for their sick days. I don't charge parents when I am sick (almost never...2 days in 6 years) but I do charge parents if the kids aren't here for any reason....sick, vacation, day with grandparents, dr appointments. Before they sign on is the best time to inform them of these policies.
The problem with charging hourly is that they might want you to pro rate for early pickups and late drop offs, sick days, dr appointments. You can only watch a certain number of children so I would encourage you to implement a system that meets your needs and stick to it.

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