Step 1: Determining the Rewards Budget Calculate your incentive program budget using the tool below. Click underlined questions for more information.
How many people will participate in your incentive program?
How long will your program run?
Average participant annual income: $
Average participant income for program period: $
Select a payout rate (based on length of program - see tip): %
Average participant reward earnings: $
Percent of participants who will earn: %
Total participant rewards: $

Step 2: Adding Communications and Administration Now that you've calculated a rewards budget, it's time to think about the other two main elements: communications and administration. A common incentive tip says 10% - 20% of your total incentive budget should be allocated to program communications. Administration usually accounts for up to 10% of the total program budget. If you wish to administer your program in-house, consider purchasing a cost-effective software program to track and manage your program like ebility®.
Program rewards: $
Program communications: $
Program administration: $
Total program cost: $