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

Title:Core Team Compensation (May - June) Part 2
Monthly amount: 532 DASH (36510 USD)
Completed payments: 2 totaling in 1064 DASH (0 month remaining)
Payment start/end: 2020-04-15 / 2020-06-13 (added on 2020-04-09)
Votes: 869 Yes / 42 No / 0 Abstain
External information:

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 supplementary multi-month proposal that will cover compensation for May and June.

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 and June budget cycles:
·  529.5 Dash for core team compensation per month ($43,400 USD @ $82 per Dash)
·      2.5 Dash proposal reimbursement 
Total: 532 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
You have my support
0 points,6 months ago
@glennaustin I want to see DASH watch reports on all DCG spending. Dash is not about trust. It is about trustlessness. DCG have informed DashWatch many times that they will not be doing DW reports because it is a duplication of effort. This statment is BS. It is BS because a DW report is about VALIDATION and providing an independently reviewed analysis.

DCG resistance to providing DW with full access to do monthly reports draws a lot of doubt and suspicion on DCG management.

DCG is just as accountable as any other group requesting funds. I want to see monthly DW reports on DCG going forward.

I feel strongly now that there is an issue with DCG management. They are taking large sums of money and still have not yet delivered evolution. To me, this sounds like gross incompetance. We need to see DCG accounts audited by DW to make sure DCG self prepared reports are what they actually say they are. We also need DW reports because it is clear that DCG cannot deliver in line with what they promised for Evolution -which is now more than 2 years late.