Proposal “dash-core-group-compensation-may---july-“ (Completed)Back

Title:Core Team Compensation (May - July) - Part 1
Owner:glennaustin
Monthly amount: 2663 DASH (198946 USD)
Completed payments: 3 totaling in 7989 DASH (0 month remaining)
Payment start/end: 2020-04-15 / 2020-07-13 (added on 2020-04-09)
Votes: 981 Yes / 36 No / 0 Abstain
External information: app.dashnexus.org/proposals/dash-core-group-compensation-may---july-part-1/overview

Proposal description

Dash Core Group May 1st Funding Proposals
DCG is submitting 2 funding proposals for the May 1st budget cycle:
1) DCG Compensation part one: $218,200 per month (May - July proposal)
2) DCG Compensation part two: $43,400 per month (May - June proposal)

This proposal
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.  This is a multi-month proposal that will cover compensation for May through July.

Why is Dash Core Group posting two compensation proposals this cycle?
DCG is submitting two proposals for a total of the self-imposed 60% cap of the available treasury funds because the non-compensation portion of DCG’s balance sheet is healthier than the compensation portion. Over the past few months, Dash Core Group has strategically funded all non-discretionary non-compensation budgets through the balance of 2020 including infrastructure, premises and legal expenses. The only other categories of spend within non-compensation are business development and marketing. At this time DCG’s business development and marketing budgets are at healthy levels (at $138,000 and $66,000, respectively) and will not need to be topped up until July 1st. Given these facts, we believe it is prudent to submit a 2-month supplementary compensation proposal to continue recuperating our compensation reserves.

Why should I vote to fund these two compensation proposals?
There are several benefits to funding both compensation proposals including:
  1. DCG compensation reserves have not yet hit 3 months compensation expense creating uncertainty for the team around further potential down-sizing in the future. This directly affects morale.
  2. Gets DCG closer to a position that would enable rehiring critical roles. DCG has lost 17 headcount in the last 15 months. None of those roles were replaced.
  3. Accelerates our ability to reinstate volunteers that are currently working for free or reduced rates. This is the only way to make DCG a sustainable option for these volunteers, many of whom cannot volunteer indefinitely.
  4. Reduces the impact from revenue shocks, which reduces disruptions to our staffing levels and inefficiencies that have resulted from unplanned layoffs and later backfilling positions.

What is the proposal funding?
As of April 2020, DCG has 31 paid staff associated with the project. In addition, we have 2 volunteers who have decided to work for no compensation. Out of the 31 paid staff, 8 have volunteered to reduce their salaries while we face budget issues. In total 10 volunteers are working for reduced or no compensation.

Our run-rate in May will be $190,000 after taking into account voluntary pay reductions. 
With the current two proposals, we are asking for total funding of $261,600 per month. At the current Dash price of $82 and assuming that both compensation proposals pass, DCG will be retaining a portion of funding we are allocated towards reserves. Our current reserve is at slightly above 2 months salary expense run-rate. We target, at a minimum, a three month reserve in our compensation account and ideally six months to endure sustained periods of revenue impact.

A quick note on impact of coronavirus on DCG’s operations
DCG’s workforce is ideally structured to be minimally impacted by coronavirus. Our entire team is distributed globally and we primarily work from home. In Phoenix, senior management still have access to a workspace where we can go to conduct interviews with journalists or media. 

If you have any questions, please direct them to @glennaustin at dashcentral to ensure we are notified of your request.

Requested funding is as follows for the May through July budget cycles:
·   2,661.34 Dash for core team compensation per month ($218,200 USD @ $82 per Dash)
·          1.66 Dash proposal reimbursement 
Total: 2,663 Dash per month

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



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Discussion: Should we fund this proposal?

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0 points,6 months ago
Yes from me.
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2 points,6 months ago
100% YES to DCG reserves. Please build those reserves DCG. We funnelled so much wealth of in 2017 to 'famous' ppl who don't give a rats about Dash. On hindsight, most of that wealth should have been put aside for to pay devs during a rainy financial day when our volatile market is low.
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1 point,6 months ago
Thank you for your support. Greatly appreciated!
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