Program Cost
Depending on the type of program, organizations pay an annual Partner Fee. While Ceca Foundation underwrites most operational and development costs for the program, the fee helps to offset the cost of monetary awards, recognition software, hardware to support one web-enabled CecaTV monitor, program materials, account management, and marketing support.
We are unique in that the Ceca Award program is “tri-brid” funded, with contributions from Ceca’s partners double-matched by other philanthropic support and donors. As a result, you get unparalleled value for your investment.
Our full-service Ceca Award Program costs less than buying every employee a brand-name cup of coffee each month!
The cost depends on two factors: the frequency of your Ceca Award (quarterly or monthly) and your type of healthcare community.
Return on Investment
Most important, however, is the connection between employee recognition and the decrease in turnover, ultimately equating to savings on your bottom line. The cost of replacing one employee—when factoring in recruitment, hiring, onboarding, orientation and lost institutional knowledge—can exceed the position’s annual salary. Ceca’s program has shown to reduce unnecessary turnover by 10%.
A typical 100 employee care community can expect an estimated $80,000 or more in annual savings on turnover costs!
If you are interested in learning more about the Ceca Award and becoming a Healthcare Partner or Foundation Supporter, please contact us.