Wearables - Budget Calculator
What is your total cost of ownership?
How many employees do you approximately have?
Health Device Subsidies?
The platform can be configured to allow your Employee's to gain access to new Health Devices using a sponsored Co-Pay approach.
Select from some of our available devices you would like to fully subsidize to your Employee's.
Reward Budget Allocations?
As employees are active and engaging in the platform throughout the year,
points can be earned through various activities that can be redeemed for Cash Rewards.
Those activities balance personal goals and commitments, achievements as well as group efforts.
First Year Cost Estimate
For Budgeting Purposes, averaged out for all employees, a total of $ per Employee per Month.
Cost estimate is based on % total participation rate.
How is cost calculated?
"Bring Your Own Device" (BYOD)
Employees that already have a health tracker or smart watch. Industry Average
BYOD Employee Participation
Percentage of Employee's that already have a health tracker that are likely going to participate. This variable is influenced by your Annual Rewards Budget
New Employee Participation
Percentage of employee's that do not yet have a health tracker who will likely participate. This variable is primarily influenced by your Device Contributions, and slightly by your Annual Rewards Budget
Employee Abandonment / Drop off
Percentage of employee's who will likely stop using the platform within the first 12 months. This variable is influenced by your Annual Rewards Budget
Estimated Annual Base Earnings
Average based on 12 Months Points Earnings for Wearable activity management.
Effective Budget Management
to maximize your dollars
The platform is configured to maximize your annual budget to where it counts the most.
Not everyone is a highly engaged Marathon runner, so we ensure your Budget is weighted towards Employee's Activity Level and Engagement.
A highly engaged Employee not only impacts themselves but also increase the probability of influencing others to be more pro-active towards their health goals.
Move your mouse over any of the amounts to gain more visibility on how engagement changes budget allocation.