Wellable recommends a monthly tiered prize structure for the Continuous Incentive Program. With a tiered prize structure, participants qualify for rewards if they reach a certain Wellable Point threshold, with prize amounts increasing at each tier. Wellable’s best practice is to distribute rewards monthly, though you can opt for quarterly or annually. Your Customer Success Manager can help you determine the optimal prize frequency and values based on your company size and rewards budget.
The Wellable Rewards Wallet is a natural fit for the Continuous Incentive Program. Participants can accrue funds in their Wellable account and redeem them whenever they choose, allowing for easy Admin work and flexible redemption. Contact your Customer Success Manager to enable the Rewards Wallet for your program.