At Next Level Performance, we are often asked how to estimate a budget for an employee recognition program. But determining cost in the abstract is a challenge because each program is tailored for the client’s specific needs.
Still, by analyzing data across a number of Next Level's clients, we have created a few “rules of thumb” and guidelines that can help you quickly arrive at rough estimates for programs you are considering, like this excerpt below.
We took our industry-leading Employee Engagement software, Applaudit™, and gathered all the best practices and tips you need to calculate the cost of an employee recognition program.
We'd love to share what else we've found with you, we just need a little information before you check out this valuable resource!
As Vice President of Travel & Engagement at Next Level Performance, Susan serves on the board of the Incentive Research Foundation (IRF), and chairs the IRF Research Committee. She has also served on the board of the Incentive Marketing Association (IMA) and is a past president of the Recognition Council, and a past member of the Performance Improvement Council and the Incentive and Engagement Solution Providers (IESP). She is interested in the strategies and benefits of employee engagement, incentive, and recognition programs. An avid traveler, she is also passionate about the art and science of incentive travel.