Based on the budget that you’ve set for your employee recognition and rewards initiatives, you can set limits for EngageWtih points.
Points are the currency that flows within EngageWith. They’re sent while appreciating someone.
Each user has 2 sets of points in their EngageWith wallet:
- Points that they can send to others
- Points that they receive from others
The amount of points that are transferred from one user to another depends on the type of appreciation - kudos or shoutout. The values corresponding to a kudos and shoutout can be set by an EngageWith admin in the Rewards settings section of the EngageWith Dashboard.
The EngageWith admin must also define the exchange rate for points in the Rewards settings Section.
To tie in your budget with EngageWith, an admin can set how many points are allocated to users monthly, quarterly, or annually. This will ensure that transactions don’t exceed your budget.