Proposal “coreteamcomp0618“ (Closed)Back
| Title: | Core Team Compensation (June) |
| Owner: | glennaustin |
| One-time payment: | 940 DASH (28450 USD) |
| Completed payments: | 1 totaling in 940 DASH (0 month remaining) |
| Payment start/end: | 2018-05-19 / 2018-06-17 (added on 2018-05-20) |
| Votes: | 775 Yes / 14 No / 2 Abstain |
Proposal description
This proposal is cross-posted from https://www.dash.org/forum/threads/proposal-core-team-compensation-june.38068/
This proposal funds the Dash Core Group's ongoing compensation costs - including all developers, administrative, and support staff - at market rates for base pay, including some benefits which we are now beginning to roll out as certain contractors are converted to employee status. By extending employment and benefits to our key contributors, we aim to improve the sustainability of working for the Dash Core Group by providing compensation and benefits commensurate with the market. Providing these benefits will greatly improve retention and provide a more stable workforce to the network.
The team currently has ~65 paid team members. We have 10 open positions that will further expand the team over the next several months to ~75. The current run-rate is $360,000 monthly.
The run-rate has increased in the past few months and we expect it to increase further due to a number of factors including:
a) Extending benefits to staff that are transitioning from contractors to permanent employees of Dash Core Group Inc. (In some jurisdictions our payroll partner requires a deposit representing 2 months employee benefits/coverage due to laws and regulations governing employee terminations)
b) Increase in the total number of employees/subcontractors as open positions are filled
c) Targeted salary increases for employees and subcontractors to align with market rates including adjustments to account for blockchain experience
d) New administrative costs charged by our global employment, payroll, and benefits provider for servicing employees
In the future the funding requested will also increase due to the desire to build up a 2-3 month buffer in the core team compensation line to account for potential Dash volatility
If you have any questions, please direct them to @glennaustin in this Dash Forum post to ensure we are notified of your request.
Requested funding is as follows for the June 3rd budget cycle:
· 935.04 Dash for core team compensation ($360,000 USD @ $385.01 per Dash)
· 5.00 Dash proposal reimbursement
Total: 940.04 Dash
Note: Should any funding remain, we will apply it toward future compensation expenses.
This proposal funds the Dash Core Group's ongoing compensation costs - including all developers, administrative, and support staff - at market rates for base pay, including some benefits which we are now beginning to roll out as certain contractors are converted to employee status. By extending employment and benefits to our key contributors, we aim to improve the sustainability of working for the Dash Core Group by providing compensation and benefits commensurate with the market. Providing these benefits will greatly improve retention and provide a more stable workforce to the network.
The team currently has ~65 paid team members. We have 10 open positions that will further expand the team over the next several months to ~75. The current run-rate is $360,000 monthly.
The run-rate has increased in the past few months and we expect it to increase further due to a number of factors including:
a) Extending benefits to staff that are transitioning from contractors to permanent employees of Dash Core Group Inc. (In some jurisdictions our payroll partner requires a deposit representing 2 months employee benefits/coverage due to laws and regulations governing employee terminations)
b) Increase in the total number of employees/subcontractors as open positions are filled
c) Targeted salary increases for employees and subcontractors to align with market rates including adjustments to account for blockchain experience
d) New administrative costs charged by our global employment, payroll, and benefits provider for servicing employees
In the future the funding requested will also increase due to the desire to build up a 2-3 month buffer in the core team compensation line to account for potential Dash volatility
If you have any questions, please direct them to @glennaustin in this Dash Forum post to ensure we are notified of your request.
Requested funding is as follows for the June 3rd budget cycle:
· 935.04 Dash for core team compensation ($360,000 USD @ $385.01 per Dash)
· 5.00 Dash proposal reimbursement
Total: 940.04 Dash
Note: Should any funding remain, we will apply it toward future compensation expenses.
Show full description ...
Discussion: Should we fund this proposal?
Submit comment
|
No comments so far?
Be the first to start the discussion! |
What portion is paid directly as dash for the recipient coders to choose to cash out to fiat?
I wish there were separate proposals for paying the current team and for supporting growth. I want everybody to get paid but I'm not convinced it's currently the right thing to do to just keep hiring more and more people.
We absolutely plan on giving advance notice in the future. As already communicated, July will be very heavy in terms of funding requests from Dash Core Team. In early July we will post our expected budget needs for August and September (and maybe even October).
See the post below:
https://www.dash.org/forum/threads/dcg-budget-planning-update.37884/#post-186854
So long as we know approximately what Core will request the actual submission timing doesn’t matter that much anymore, IMO.
My request is not unreasonable, and I'm sure Glenn can sync his actions with the budget cycles.
I will agree that posting earlier would be better, but considering that the financial department for Core is currently a one man team that is likely swamped with escrow payments for the previous cycle early in the month (among other things I’m sure) — Glenn’s forum post is more than sufficient for now, IMO.