Proposal “hr-recruiting-201704“ (Completed)Back

Title:Professional Recruiting
One-time payment: 566 DASH (14803 USD)
Completed payments: 1 totaling in 566 DASH (0 month remaining)
Payment start/end: 2017-03-21 / 2017-04-19 (added on 2017-03-29)
Votes: 596 Yes / 33 No / 2 Abstain

Proposal description

This is a cross-post from the Dash Forum

This proposal funds a budget for professional recruiting services to assist the core team in quickly filling the positions that appear likely to fund in the April budget. The expansion of the core team in the proposal is large, expanding the number of full-time rolls from 14 to
30. See the proposal here for additional details on the planned expansion or specific roles.

Given the number of roles being created, recruiting, filtering, interviewing, and negotiating offers for each of these positions represents a tremendous time-commitment of the current core team members, particularly for those responsible for a functional area that
will be making the hiring decisions.

By bringing on a professional recruiting firm, much of the burden of the hiring process can be lifted, allowing the team to remain more focused on their ongoing responsibilities. These specific help includes:
- Active recruiting of potential candidates
- Creation of job descriptions and pricing salary range comparibles for the positions
- Advertising positions through public postings
- Filtering potential job candidates through screening
- Arranging interviews with core team members
- Assisting with negotiations and making final customization based on candidate experience and location
- Coordinating onboarding process, start dates, etc.

Typically, professional recruiters take anywhere from 20-30% of the first year salary as a fee. For these 16 roles, that would be well over $200,000. However, as we are already working with August Venture Talent on the core team salaries project, they agreed to rates that are a small fraction of that rate. We feel that the value of getting resources faster and enabling the core team to be less distracted by the recruiting process over the next two months (a time we consider critical given our recent success) is well worth the expense. Having the team focused on hiring over the next two months would carry significant risk of losing our momentum. We have an arrangement that will allow us to choose between hourly services or a flat fee specific for each role. AVT would manage the entire hiring process from end-to-end. Although there is likely some uncertainty surrounding the hourly figures, our estimate calls for a total budget of $48,000 to complete all 16 positions. If we happen to fill certain roles through our already-started efforts, we could come in under budget and we would reserve any leftover funds for future recruiting needs where it makes sense.

There are several key members of the core team that would help free their time from the hiring process through this proposal:


I have said many times that our biggest challenge right now is growth, not money, but that we would do our best to use the available resources as efficiently as we can. I do recognize that it would be less expensive to conduct this recruiting on our own, but it would come at the expense of our growth rate and take away from our capacity to execute. Given these circumstances, leveraging an external recruiter makes sense at this time.

If you have any additional questions, please post them in the Dash Forum and tag @babygiraffe or @fernando in your message to ensure we see your post.

Requested funding is as follows for the April 5th budget cycle:
Total: 566.06 Dash

Note: Should any funding remain, we will apply it toward future core team HR expenses.

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Discussion: Should we fund this proposal?

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0 points,7 years ago
I would be interested in recruiting other professionals to work with Dash, does it have to be just AVT or can community members participate as well?
0 points,7 years ago
I continue to ask, why are these budgets denominated in Dash? It is obvious Dash is in a bull market. Denominating budget proposals in Dash makes budget proposals seem very dishonest and wasteful with the budget. Denominate them in USD till Dash becomes a stable currency.

By the time this budget gets approved, the amount of USD this budget will provide will most likely be double than what the proposer asked for.

Accounting 101.
0 points,7 years ago
At the time of this writing, each Dash is currently $67.35. Date is April 1, 2017.
0 points,7 years ago
566 Dash = $38,120 USD.
1 point,7 years ago
Very important and sound use of the funds; easy yes vote!
0 points,7 years ago
yes to professional recruitment
0 points,7 years ago
Why not create recruiting proposals instead of bulk corporate-like recruiting?
0 points,7 years ago
"Yes" without a doubt. Thanks to the core team for their hard work.