Table 3 Potential Cost of Different Incentive Strategies
From: Take the money and run? Redemption of a gift card incentive in a clinician survey
Method: | Description | Estimate of # participants receiving an incentive payment | Total cost |
|---|---|---|---|
(1) Up-front incentive | Gift cards sent out with study invitation without reclaiming unused funds or use of cash with study invitation | 177 | $8850 |
(2) Up-front incentive with return of un-redeemed cards | Gift cards sent out with study invitation and funds reclaimed if not redeemed within 4 months | 74 | $3700 |
(3) Conditional incentive | Gift cards sent out only after completed survey is returned by participant | 115 | $5750 |
Potential Savings for Method 2 vs. Method 1 | $5150 | ||
Potential Savings for Method 2 vs. Method 3 | $2150 |