Compensation: Difference between revisions
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*Volunteers are cat-like. Fickle. Unreliable. | *Volunteers are cat-like. Fickle. Unreliable. | ||
*Members can't see what the exec is working on. And, can't see who is putting in effort. Who isn't. | *Members can't see what the exec is working on. And, can't see who is putting in effort. Who isn't. | ||
*We make bad decisions, because we don't consider the true cost of our own time. | |||
== Proposed Solution: Motivation Bonds == | == Proposed Solution: Motivation Bonds == | ||
Revision as of 14:53, 20 March 2013
Problem: Extrinsic Motivation
- Volunteers are cat-like. Fickle. Unreliable.
- Members can't see what the exec is working on. And, can't see who is putting in effort. Who isn't.
- We make bad decisions, because we don't consider the true cost of our own time.
Proposed Solution: Motivation Bonds
- 240 Month, inflation-linked, zero-coupon, 8% bonds
- Volunteers submit monthly time-sheets, to Jeff to track.
- Date
- Task details
- Hours spent
- Regional Coordinators = $40/hour
- Leader, Deputy Leader, Treasurer = $50/hour
- Exec = $45/hour
- Other Volunteers = $30/hour
Responsibilities
- Campaign director to prepare reports.
- Treasurer + Leader to approve (signatures only)
Timeline
- Run for 6 months, then decide if it's worth continuing.
End Of Life Plan
- Simply start declining the maturity, as finances start improving, until 100 years from now, we're paying salaries weekly.