Wearables - Budget Calculator
What is your total cost of ownership?
Device Subsidies?
Rewards allocations?
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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.
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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 |
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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.