Where to Start?
First, consider conducting an audit of your current expenditures on:
Spot bonuses.
Birthday celebrations.
Work anniversaries.
If you're already implementing these initiatives manually, Assembly can streamline your processes with automated recognition, rewards, and centralized billing, enhancing efficiency and tracking capabilities!
New to Rewards and Recognition?
If you're exploring rewards and recognition for the first time, we're here to assist you. While each company's needs differ, we've observed some common themes:
Educational institutions, non-profits, and government organizations: Typically operate with more modest budgets. (Note: We offer various non-monetary rewards for creative solutions.)
Traditional businesses: Exhibit a wide spectrum of budget allocations, ranging from those just starting to established programs with substantial investments.
Budget Scenarios
Let's examine some common budget scenarios:
Budget Tiers | Employees | People Managers | Birthday | Anniversary |
Small | $5 per month | $10 per month | $5/year | $10/year |
Medium | $10 per month | $25 per month | $10/year | $20/year |
Large | $25 per month | $50 per month | $50/year | $100/year |
Extra Large | $50 per month | $100 per month | $100/year | $200/year |
These are guidelines to help you visualize potential budget allocations. Feel free to adjust and customize based on your organization's specific needs.
Considerations
Budgets are set on a monthly basis, but full utilization is not always necessary.
Many employees opt for non-monetary rewards, which can help optimize budget usage.
People managers are often allocated slightly higher budgets to facilitate team recognition.
There's no universally correct answer when it comes to reward budgeting. The primary goal is to ensure your employees feel valued, connected, and supported within your organization. While the rewards themselves are important, they serve as a means to reinforce a positive workplace culture.
For any additional questions or personalized guidance, please don't hesitate to reach out to our sales team or your dedicated account manager. We're committed to helping you create an exceptional workplace experience!