Workforce Motivation

Caution on Conventional Wisdom about Millennials (482 words)

Caution on Conventional Wisdom about Millennials

Caution on Conventional Wisdom about Millennials

Conventional Wisdom about Millennials

Is your conventional Wisdom about Millennials accurate? Just as bald white male baby boomers are not all the same—neither are millennials. One would be wise in considering this in member recruitment and retention. To paint such a broad-brush stroke is to leave many behind. While everyone, every generation, every color wants value from their membership—not all are viewing your membership organization from the same kaleidoscope of value.

For several years now I have been reading the endless fountain of articles on understanding Generation Y. These articles talk about millennials growing up with hovering (helicopter) parents and being immersed in technology. They want among other things:

  • A seat at the C-suit table—NOW
  • Inclusion for all
  • Meaningful work within their jobs
  • Prefer cause related organizations
  • Entrepreneurial opportunity
  • Extreme experiences at corporate, association and society meetings
  • Online supported relationships near and far
  • A sharing economy rather than ownership of stuff
  • Freedom

Well now, who wouldn’t the above? Let’s face it, all generations (painting with my broad brush) desire the above—but do they?

Raising Millennial Children

First up, I have two millennial sons and I’ll categorically state that the above is not their job or association shopping list. Sure each might desire some of the above and yet each has different perspectives and desires. Heck, two millennial men from the same household do not agree on all of the above. With that, how in the world can the “generational gurus” state “millennials want X, Y and Z”?

In raising our Y Generation sons, my wife and I relied on authoritative help in “understanding age-appropriate behavior” which was also a broad-brush perspective. The assumption was that the child was being raised in a nurturing North American home. For the first year or two, the information was helpful but after that “child’s personality and parenteral influence” had a greater influence on behavior thereby leaving the authoritative help—less helpful.

Today’s Millennials Are Diverse

Generation Y, perhaps more than the generations that were before, have had easy opportunity to learn from far more resources that that of traditional education. As such, some embraced the opportunities and others did not. Some became aware without education, some unaware with education and some aware and educated. Each of the three paradigms delivers different perspective to the workforce. Add to that geographical, gender, athletics and other various endeavors and you have quite a diverse generation. To state that “millennials want X, Y or Z” is to speak from a lack of knowledge and understanding. Humans are individuals.

Regardless of whether you are hiring a millennial to work at your association or attempting to influence them to join your organization the core truth is this—not everybody is the same and to paint people with a broad-brush is to make erroneous assumptions. Value means different things to different people. Keep this in mind as you make the decisions that will affect your association, its staff and members.

The key to safeguarding your organization’s future…is to research, embrace, and maximize…your member ROI.

Non Dues Revenue for Non Profits

Member Retention through Relationship Bank Deposits (829 words)

Member Retention through Relationship Bank Deposits

Member Retention through Relationship Bank Deposits

Ultimately yours like most associations and societies are looking for net-member growth and there is no better way than member retention through relationship bank deposits. Some do a great job keeping members but still lose many to attrition. Some are awesome at recruiting but tend to have a turnstile of members coming and going. Unfortunately, net-growth seems to be illusive to many.

Offense and Defense

To enjoy net-member growth, it’s obvious but frequently forgotten, that an organization has to be excellent at both recruitment and retention–every day. This is a challenge as many find it hard to continually focus on two things (1) how to get them and (2) how to keep them. Member Retention through Relationship Bank Deposits relies on the features of membership you make available to members. This can help with the hard part…communicating how the features make members’ life better. This is the Achilles Heal of most associations and societies—communication. Specifically, communicating value. Too many of the communication directors want to concisely communicate facts to save their readers time. That’s great, but in doing so there is a massive opportunity loss—opportunity to prove value, remind of value, and subliminally lock in the perception of value among the membership. This ability is excellent offense and defense.

If You Don’t Tell It Didn’t Happen

Early in my career I received a lesson that I have carried for life. Selling consumer goods (sunglasses) to the retail industry (drug stores), I was making my rounds when upon visiting a particular store I found the products of a competitor on my display. Upon asking the owner about his purchase he told me that he was told that the particular style was very trendy. I agreed and told him that that particular style had been on his display (from me) for several months already. He didn’t know because I failed to mention it to him, therefore leaving a competitor to wedge in. If you fail to tell, it didn’t happen and you are leaving an opening for another organization to sell their value.

Value Communication

Communicating value to your members is making relationship bank deposits. Two key places to look to determine the quality of your value communication is at (1) your “Member Benefits” page at your website and (2) your electronic communications. Are you “telling” members how your organization makes their life better or simply mentioning features of membership and expecting them to make the translation for themselves? This is crucial for Member Retention through Relationship Bank Deposits.

  • Member Benefits page. First check and see if the text happens demonstrate features or benefits? Features explain what’s built into the product or service and benefits explain how the features make the user’s life better. You’ll most likely have to admit that what you have listed is features rather than benefits.
  • Electronic Communications. Most likely your communication editor is keeping the copy “tight” in hopes that the reader will review the entire piece. Read through what is written and ask yourself this for everything you read, “Who Cares?” and “So what?” If your two questions are answered clearly, you might have benefit copy.

Every time, you want to communicate in as many methods as possible, “Because of your membership, this is how we are making your life better.” This kind of communication, continually, is how your organization makes regular relationship bank deposits with its members.

Relationship Bank Withdrawals

In order for your organization to make sufficient relationship bank deposits for the time of member renewal…when you do attempt to take a withdrawal, this effort must be CONTINUAL. In the cosmic relationship bank, consider that about a dozen deposits are requited for each withdrawal. This would mean that you would have to make about one deposit a month just to get a member to renew. Deposits come in all sorts of forms: awesome meeting, membership pins stating longevity, HQ staff helping with something, etc. The sky is the limit; you just have to remember that value is in the eye of the beholder. This means that just because you think something is valuable (a deposit) if the member does not think the same—it is not a deposit.

Everything as Separate

Bundling is easy, saves time and makes the life of your staff easier. But, doing so diminishes member-perceived value. Everything your organization does for a member should be delivered, regardless of the conduit, separately. Sending a new member package filled with stuff is one relationship bank deposit. However, sending each included item out separately—while it does take more work—is one relationship bank deposit per item. With a little more work, your organization can create vastly more perceived-value. This is Member Retention through Relationship Bank Deposits at its best. As we all know, it is about the member’s perception, not yours. Never offer two or more resources at no charge to members in a single email—break it up. If you extrapolate out this paradigm throughout your organization you will, yearly, deliver enormously more perceived-value to your members and they will reward you when renewal time comes and you request a relationship bank withdrawal.

The key to safeguarding your organization’s future…is to research, embrace, and maximize…your member ROI.