Do you feel DXdao’s compensation guidelines are in line with the industry average? (1= Very below average, 5= Very above average)
Do you think DXdao’s compensation structure should use pre-defined levels or individual negotiation?
- Individual negotiation
Should tenure be a factor when determining contributor levels?
Are DXdao’s current worker level descriptions adequate?
Are you satisfied with the current DXdao compensation allocation structure - 60 % Dai/stablecoins and 40% DXD? If satisfied, choose 3. If you would like to see a different allocation, choose accordingly (1= More Dai/stablecoins, 5= More DXD)
Thanks, Melanie! This can be a bit of a delicate subject and most people are shy when it comes to it. I am grateful that you have initiated this.
Although we have multiple ongoing work-related discussions all day every day, it is still difficult as fully-remote globaly distributed contributors to feel the usual warmth of a friendly collegiate workplace, and show that we care for each other. This can be tough on people.
I suggest we also introduce little tokens of appreciation that should barely be cosidered any financial burden on the organization, but will surely help us be more dedicated, motivated and productive.
I propose we have birthday and anniversary gifts, along with monthly or quarterly wellness aids. For example if a contributor who’s been with the collective for at least x number of months with the dao, we should honor their birthday and let them add $50 to their pay for that month. Same with when someone has been with the organization for 1y, 2y… Regarding wellness, we could have people add $100 once every quarter for books, gym memberships, meditation apps subscriptions, theatre tickets… I don’t believe $50 once a year for someone’s birthday or $400 for the whole year for wellness for a full-time contributor would be of any concern, yet it will have a positive lasting impact on people’s mental state when thinking of the organization as their workplace.
I have mentioned a number of times, but a great way to show “tokens of appreciation” between memeber of the greater DXdao community is with Coordinape.
It is an awesome new way for DAOs to accomplish this.
I suggest we also introduce little tokens of appreciation
I think we can provide NFT for this, like POAPs?
I have voted 40% dxd, so I think the way it is now its okey.
But what I don’t understand is the rational behind to count them on dxd on ATH?
Because you personally have no connection to ATH. Most ATH are done by market sentiment. I think it would be some form of DCA, you get more DXD if the price is low and less if expensive. So if you join during bear market you will get more than on bull. But then the 40% dxd may be too much because we will use too much from the treasury and add too much dilution.
Also people before had been payed in ETH, and the payment was not in ATH. (Agree this would not worked out, because we would lose to much ETH.
In terms of highly specialized/in-demand roles such as developers, project leads, product designers, I believe the tiered compensation levels 1-5 are appropriate. The wording needs to be changed, as well as which role’s compensation should be eligible to be measured against a 5 tier system such as this wherein the lowest possible annual salary is $72000, annualized, including token rewards.
There is no company in the world that has marketers, janitors, software developers and lawyers/project leads all being measured against this pay scale. On the other hand, being that we are in an emerging, rapidly growing niche job market, and usually only offering 2 month contract periods of employment, we must remain competitive while maintaining an acute awareness of shifting trends in demand for the aforementioned roles.
The dxDAO and other DAOs like it are in a state of infancy and these conversations must be had. Thanks for bringing it to the community!
Hey everyone! I will be closing the compensation poll today. Thank you for your responses, we will be taking all of your feedback into consideration and getting back to you soon with more details on next steps
I thought I responded to this one, but totally forgot.
2 thoughts from me:
For people that are in Level 1 to 3, we need to offer options of paying only in stables instead of vested DXD. I am hoping we will be able to bring in and onboard contractors, part time devs quickly as it offers higher renumeration for a month without going over vesting. If this is okay, then we need to be very clear in the contributor document about this.
At the current rate, DxDAO’s pay is a bit low compared to the market rates (looking at the numbers being offered by cryptojobslist, other competitors and also looking at the survery results from the contributors). I would propose that we offer basic and variable compensation, basic compensation being what is being offered currently and variable is based upon how well the market is doing (to match the salaries), our treasury is doing (how well our cashflow is), our products are doing (acts as a bonus). I would also propose that only full time contributors should be eligible for the variable, encouraging a lot of parttimers and gigsters to start contributing full time to the DAO.
I think we’re missing the big picture. There is salary and then the Total Compensation (TC): the sum of the values of your base salary, any bonus, and any equity you receive each year.
On top of that, DXdao offers more flexibility: flat hierarchy, remote work, and paid vacation, and relatively easy to get into.
Most employees don’t see any value beyond the salary. I will not discuss the reasons in this post . I think nobody objects to this.
On stablecoin and DXD ratio, I disagree with the poll results. The ratio is fine. In fact, it is in line with what other big tech companies offer. Some examples with outliers below:
DXdao is also super generous for offering 2 years vesting schedule.
DXdao is a DAO startup, and such as it comes with high risk, but also high reward and upside. It depends on the Contributor’s (1) risk tolerance (2) conviction in DXdao’s future (3) conviction in crypto.
My last two cents: If you like to play long-term games with long-term people, DXdao is the place.