I have been a nanny & early ed teacher.These are very different types of care and can offer different things.
If I were considering these options, it would have a lot to do with the style/philosophy of the program/nanny. So my suggestion to you is create a list of questions and interview-tour with your options. See what feels best for you/your family. (don't have your kids there for that though)
Do you have ideas about what you would like already?
I have been a nanny and it's more one on one care with the nanny, more personalized attention. The nanny gets to know the cries of the child vs. daycare where (in my state) it's one daycare worker for every 5 children under the age of 1. When I was a nanny it was cheaper for them to pay me than do a daycare.
I always used a private sitter.
My mom worked in daycares and I couldn't stand the thought of my baby crying to be held and not having someone with the ability to do it pronto. Also, I have seen too many women that shouldn't work with kids, working in daycares. 8(
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