Once you've set up your wallets, Tedy offers two ways to give amounts to your employees: allocations and recognition.
Allocations
Allocations are baseline amounts that you can give to your employees. Although they can be recurring or not, we encourage admins to use the recurring feature. That way, employees are continuously reminded about their wellness program!
For example, if you have a $1,200 budget per employee per year for your wellness program, it would be a good idea to create a $100 monthly allocation for your employees.
Note that the allocation's description is only admin-facing, which means that allocations are not the best tool to tie an amount to a specific goal or event.
Recognition
Recognition, on the other hand, is the best way to send one-time amounts based on a goal, a milestone or a special date. Unlike allocations, they allow you to fully customize the notification email that the employee receives when the amount is sent out.
The Recognition section has many templates you can choose from. Plus, under Special Date, you have the possibility to set up dynamic recognition. The hiring date and birthday recognitions allow you to determine a specific amount that will only be sent out on the employee's hire date or birthday.