Settling each child at home's good (8)

I believe the answer is:

perching

'settling' is the definition.

'each child at home's good' is the wordplay.
'each' becomes 'per'.
'child' becomes 'ch'.
'at home' becomes 'in' ('in' can be similar in meaning to 'at home').
'good' becomes 'g' (abbreviation).
'per'+'ch'+'in'+'g'='PERCHING'

I've seen this clue in The Guardian.

Want a hint initially instead of a full solution? Install my app