Understand the cost of points
Understand how reward points are allocated and how their estimated cost is calculated based on currency conversion rates.
Formula:
Total Allocated Points for an Individual = Peer Points (if allocated) + Manager Points (if allocated) + CXO Points (if allocated) + Additional Points (if allocated).
The estimated cost provides an approximate value of the allocated points based on the real-time currency conversion rate in USD ($).
For example:
If the point-to-currency conversion in Engagedly is set as 10 points = ₹10, and the real-time exchange rate is 1 USD = ₹83, then:
- 5000 points = ₹5000
- Estimated USD value = ₹5000 ÷ 83 ≈ $60.24