How to Budget for Motivation Programme

There are many ways to decide your budget, and although we can advise you on what levels of investment work best to motivate a person, each company has different objectives for their motivation schemes, and so the helpful calculator below simply offers guidelines as to one of the better ways to get an idea of what level your own budget may be set at.

Simply put, (most times) you actually do know how much you have in your budget to invest in your staff or customers, and it becomes a matter of how to allocate it, in the right proportions, to get the most benefit for each buck. Click here to send us a request for assistance in building your budget accurately for your objectives.

How long will your incentive run? How many people will participate? What is their average annual income? What is their average income for the length of the incentive? What rate of reward do you want to give (as a % of their income)? This is the average amount rewarded to, or earned, per participant How many participants will earn that amount (as a % )? Your total Rewards Budget is Meanwhile, play here and surprise yourself!
THE REWARDS BUDGET

1. How many people will participate in     your incentive program?
2. How long will your program run?	3 months 6 months 9 months 12 months 15 months 18 months 21 months 24 months
3. Average participant annual income:	R
4. Average participant income for     program period:	R
5. Select a payout rate:	3% 4% 5% 6% 7% 8%
6. Average participant reward     earnings:	R
7. Percent of participants who will     earn:	%
8. Total participant rewards:	R

COMMUNICATIONS & ADMINISTRATION
Without these two elements your programme will suffer, and results will be below expectation. Why? Because you need to keep telling the participants about the great rewards they can get! Or they perform less – simple!

International guidelines indicate around 20% for Communications, and Administration can be around 10% of total budget. Outsourcing to incentive professionals like Creative Incentives is best, but if you want to administer your own incentives, consider purchasing one of our online solutions here.

Travel, voucher, or merchandise rewards total
Ongoing communication
Efficient administration & fulfillment
Total Incentive Programme Cost

Now check whether your budget suits your objectives, and email us Click here. We’ll analyse your calculations and discuss their consequences with you – free of charge.