Operations meeting - 2011-10-19

From FGVwiki

Jump to: navigation, search

Attendance

Wayne F Tyler H Tim Bo Jessica MP Christine H Karen N Rod ? Jordan E

Facilitator: Wayne F Scribe: Jordan E

Agenda:

Create a proposal for employee bonus for 2011

Wayne: The proposals are a way to give the staff money.

Proposal 1 in the document.

The formula is pretty straightforward, the first is about each quarter, we have to make a profit before you get a bonus.

Christine: Due to our accountant's work load, the most he could do is to have the books done in 3 weeks from what used to be 1.5 months. This means we get the quarterly results 3 weeks after the end of the quarter. As a result the bonus is deferred for proposal to the monthly meeting 3 weeks after the quarter has ended. Jordan: Once this policy is adopted then we don't need to go to general. Jordan: Which is the best proposal for where we're at? Wayne: Proposal 1, it's the simplest. The difference between 1 and 2 is 1 is based on profit and 2 is based on revenue. Karen: What does cap mean? Jordan: You can't go over that limit? Tim: Proposal 2 would be quite a different number wouldn't it? Wayne: Well no. This year we had a great 1st quarter, bad 2nd and average 3rd.

Jessica: Proposal to accept proposal 1 to apply against 3rd and 4th quarter of 2011.

CONSENSUS achieved.

Wayne: Criteria 2 states that we should have 3 months of operating capital.

Proposal: The people currently in attendance will be part of the raise workgroup. Pending approval by tomorrow. The raise proposal will be created by the 3rd Tuesday of November.

CONSENSUS

Personal tools