Wearables - Budget Calculator
What is your total cost of ownership?
Device Subsidies?
Rewards allocations?
Company Size
How many employees do you have, approximately?
Health Device Subsidies
Use our platform to incorporate support for Health Devices. Your employees can access new Health Devices using a sponsored Co-Pay approach.
Select available devices to offer your employees, from partial to full subsidy on a range of devices.
Partial Subsidy
$50.00
Entry-Level Device
$100.00
Mid-Level Device
$150.00
Premium Device
$200.00
Reward Budget Allocations
As employees actively engage with the platform year-round, they can earn points for those various activities that can be redeemed for Cash Rewards.
Points-earning activities balance their personal goals and commitments. They can incorporate both individual achievement and group efforts.
First Year Cost Estimate
Based on your selections, we've set your budget cost average of $1.50 total cost per employee per month.
Cost estimate is based on a 41% total participation rate.
Continue Exploring - Designing, implementing, and administering a wearable wellness program.
How are costs calculated?
| "Bring Your Own Device" (BYOD) Employees that already have a health tracker or smart watch. Industry Average | 48% |
| BYOD Employee Participation Percentage of Employees who currently have a health tracker and are likely going to participate. This variable is influenced by your Annual Rewards Budget | 50% |
| New Employee Participation Percentage of employees who do not yet have a health tracker, but are likely to participate. This variable is primarily influenced by your Device Contributions, and slightly by your Annual Rewards Budget | 34% |
| Employee Abandonment / Drop off Percentage of employees who will likely stop using the platform within the first 12 months. This variable is influenced by your Annual Rewards Budget | 35% |
| Estimated Annual Base Earnings Average is based on 12 Months Points Earnings for Wearable activity management. | $20.37 |
Effective Budget Management
to maximize your spend
The platform is configured to maximize your annual budget to where it counts the most.
Not everyone is a highly engaged Marathon runner. We ensure your Budget is weighted towards each Employee's Activity Level and Engagement.
A highly engaged employee impacts themselves and increases the probability of influencing others. Positive influences can encourage others to be more proactive about their health goals.
| Not Engaged | Somewhat Engaged | Good Engagement | Highly Engaged | |
|---|---|---|---|---|
Minimal Activity 3.5K Steps / Day | ~$6.15 | ~$7.99 | ~$9.25 | ~$11.13 |
Medium Activity 7K Steps / Day | ~$9.11 | ~$13.80 | ~$17.51 | ~$22.30 |
High Activity 10K Steps / Day | ~$10.89 | ~$18.66 | ~$24.50 | ~$32.40 |
Very High Activity 14K Steps / Day | ~$12.67 | ~$20.84 | ~$26.31 | ~$34.59 |
Move your mouse over any of the amounts to gain more visibility on how engagement changes budget allocation.
