How do I set up rewards & recognition based on my budget?
Based on the allocated budget for your employee recognition and rewards programs, you can establish limitations for EngageWith points. EngageWith points serve as the internal currency within the system and are utilized when expressing appreciation to others.
Each user possesses two categories of points within their EngageWith account:
- Points available for recognizing to others.
- Points received from others by getting recognized.
The quantity of points transferred between users hinges on the type of recognition, whether it's a "kudos" or a "shoutout." The specific values for these types can be configured by an EngageWith administrator within the Rewards Configuration section of the EngageWith Dashboard.
Furthermore, the EngageWith administrator is responsible for determining the exchange rate for points within the Rewards settings Section.
To align your budget with EngageWith, administrators have the capability to designate the quantity of points allocated to users on a monthly, quarterly, or annual basis. This measure guarantees that transactions remain within the confines of your budget.
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