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Reward & Recognition System Budget Calculator

Posted by Brian Rhea on Sun, Nov 15, 2009 @ 07:09 PM

So, maybe you appreciate the value that a formal Reward & Recognition System (RRS) can add to your organization, but you've got questions about how to budget for it.

The calculator below will provide you with a starting point based on industry averages. But who wants to be average? The fact is your RRS could spend well above the norm, but if it isn't aligned with your organization's values then it's a below average system and you're spending money on wasted opportunities.

Have some fun tinkering around with our calculator, but keep in mind that when it comes to designing your RRS, our focus will be on creating above average strategy, measurement and communication.

Using the calculator:

  • click the yellow exclamation point to read an explanation of our calculation in each segment of your RRS
  • the slider begins at industry averages, pull it to the left and right to adjust your investment
  • in the "# Behaviors" field of the Peer to Peer section, enter your estimate of recognition moments per employee per month 

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