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Proposal “core-team-compensation-may“ (Active)Back

Title:Core Team Compensation (May)
Owner:glennaustin
One-time payment: 2802 DASH (302245 USD)
Completed payments: no payments occurred yet (1 month remaining)
Payment start/end: 2019-04-17 / 2019-05-16 (added on 2019-04-08)
Votes: 606 Yes / 16 No / 0 Abstain
Will be funded: Yes
External information: app.dashnexus.org/proposals/7970dc57-415e-4bac-bf06-506eba8ca966/overview
Manually vote on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many ef9d77dd50b9129f3ca51ea2115d5b38b540a12a809275e5c7f5aac3fcd55807 funding yes

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Proposal description

Dash Core Group May 1st Funding Proposals
DCG is submitting 2 funding proposals for the May 1st budget cycle:
1) DCG Compensation: $375,000
2) DCG Outsourcing: $76,000

This proposal
Dash Core Group, in aggregate, will be requesting 59% of total available funding for the May 1st cycle.

This is cross-posted here

What does this specific proposal fund?
This proposal funds Dash Core Group's ongoing compensation costs - including all developers, administrative, business development, marketing and support staff.

In May, DCG is projected to have 43 staff associated with the project. This amount is unchanged from the previous month. The breakdown of the number of staff we will have working in each unit will be as follows:

Development and Operations:
Full-time: 26
Part-time: 6

Admin / business development / marketing / customer service:
Full-time: 10
Part-time: 1
* Full-time defined as contracts permitting staff to bill 35 or more hours a week
** Part-time defined as contracts permitting staff to bill less than 35 hours a week

Our run-rate in May will be $255,000 after taking into account voluntary pay reductions. Our full run-rate, if we were to reinstate volunteers who stepped forward to reduce their salaries, would be $306,000.

With the current proposal, we are asking for funding of $375,000. We are requesting funding above our run-rate because our reserve in the compensation account is substantially depleted. The reserve is needed to absorb volatility in the price of Dash. Because of the reserve, we were able to retain most of our staff through the December to February period when funding fell dramatically short of our compensation costs. We would like to achieve the following goals in the near future:
  1. Replenish core team salaries reserve to at least 3 months of compensation expenses (in the medium to long-term 6 months is the target). This is in line with the absolute minimum most organizations carry on their balance sheet to cover staff costs and ensure orderly wind-down of expenses should our revenue decline precipitously
  2. Reinstate the salaries of those volunteers who reduced their salaries
  3. Fill any critical hiring needs
If you have any questions, please direct them to @glennaustin here to ensure we are notified of your request.

Requested funding is as follows for the May 1st budget cycle:
· 2,797 Dash for core team compensation ($375,000 USD @ $134 per Dash)
·       5 Dash proposal reimbursement
Total: 2,802 Dash

Note: Should any funding remain, we will apply it toward future compensation expenses.

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Discussion: Should we fund this proposal?

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0 points,2 days ago
Stop censoring on the main subreddit.
Reply
1 point,4 days ago
Don't 11 marketing people if other proposals are all mostly PR.
Reply
-1 point,3 days ago
The 11 people are made up of administration (CEO, CFO, business development, translations, marketing, helpdesk). We only have 2 full-time people dedicated to marketing specifically.
Reply
0 points,1 day ago
Any other proposal with just 4-6 lines about who and where the money is going would be booted out of here. Just saying.

Don't blame the commenter for not knowing where the money is going.

BTW is it true you gave money to Kuvacash from the DCG budget after they got defunded?
Reply