confronting the market reality and where do we go from here presented by adam finkel and dave...
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![Page 1: Confronting the Market Reality and Where Do We Go From Here Presented by Adam Finkel and Dave Wenhold Sunday, April 12, 2015](https://reader035.vdocuments.site/reader035/viewer/2022072010/56649dc85503460f94abeac8/html5/thumbnails/1.jpg)
Membership Discussion:
Confronting the Market Reality and Where Do We Go From Here
Presented by Adam Finkel and Dave WenholdSunday, April 12, 2015
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Membership• Membership numbers are the
backbone of any association. • Higher membership numbers have
benefits beyond the association’s bottom line. – Strength in numbers for legislative
campaigns, public relations campaigns, and fundraising.
– Increase in the volunteer base for an association creating more vibrant committees.
– Allowing the association to hire an AMC or paid staff.
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Membership Drives• When developing membership strategies,
there are two distinct components that must be considered. Different strategies are required for each.– Member renewals– New member recruitment
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Member Renewals• Calculate your retention rate:– Percentage of members from the previous year
who have renewed their membership with an association.
• ASAE Statistics: – Mean retention rate: 83%– Median retention rate: 87%
• NCRA has a retention rate of 88%.
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NCRA’s Retention Rate
2011 2012 2013 2014 201550%
55%
60%
65%
70%
75%
80%
85%
90%
95%
100%
NCRA retention rateStudent retentionParticipating retentionRegistered retention
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NCRA Membership Numbers
• Since 1998 years, there has been a decline in NCRA’s membership numbers with the total membership declining by approximately 2-4% per year.
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Reporter Membership10-Year Trend
2003 2004 2005 2006 2007 2008 2009 2010 2011 201213,000
14,000
15,000
16,000
17,000
18,000
19,000
18,35017,973
17,26716,849
16,29915,837
15,418
14,47014,147
13,591
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NCRA Student Membership20-Year Trend
1992 1997 2002 2007 20121,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000 11,728
7,110
4,0003,444
2,062
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In Response• In 2014, NCRA launched the
Court Reporting Take Note campaign.
• This is a massive PR campaign predicated on a study that shows there will be 5,500 new court reporting and captioning jobs in the next five years.– If you graduate CR school, you
will have a job.
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Results• Recent recruitment and retention tactics over
the past few years have given NCRA a 0% change over the past year perhaps showing the decline has stopped.
• Too early to tell if this is a trend or just a blip.
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New Member Recruitment• Critical to ensure the newest generation of
court reporters are involved in your association for years to come.
• Important to reengage with court reporters who may have previously been a member or who may never have joined for various reasons to get them back in the fold.
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Age of Court Reporter Population
2002 2007 201219-29 6% 4% 3%30-39 35% 24% 10%40-49 39% 41% 35%50-59 16% 25% 40%60 & older 4% 6% 13%
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Generational Shift• Baby Boomers– Born between 1946 and roughly 1964
• Gen X– Born between 1964-1980
• Gen Y or the Millennials: – Born between 1980 and 2001
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Baby Boomers• PROS: – A productive part of their organization– “Hardworking”– “Team player”– Mentoring others
• CONS:– Not Adaptable– Not Collaborative
Source: Ernst and Young study of 1200 working professionals
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Gen X• PROS: – Most effective managers– “Revenue generator"– “Adaptability"– “Problem-solving"– "collaboration"
• CONS: – Not an Executive presence – Not being cost effective
Source: Ernst and Young study of 1200 working professionals
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Gen Y/ Millenials• PROS: – Tech-savvy – Know how to use social media to leverage
opportunities– Most "enthusiastic“ about their jobs
• CONS: – “Team player"– “Hardworking"– “A productive part of my organization"
Source: Ernst and Young study of 1200 working professionals
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More on Millenials• Millennials have fewer attachments to
traditional political and religious institutions. This includes membership associations.
• Millennials are less trusting of others than older Americans are.
• Millennials are more burdened by financial hardships than previous generations.
Source: Pew Charitable Trusts, “Millennials in Adulthood”
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New Tactics to Reach out to Young Professionals
• What do you offer that can benefit them?
• What different types of tactics are important to reach them?
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Membership Discussion• Taking a global view of your association’s
membership strategy, brainstorm tactics to increase membership in your state. – Retention strategies for current members– Recruitment strategies for previously engaged
members– Recruitment strategies for students and young
professionals– Other strategies that will benefit your association