Bundled Model Proposal: IEEE & Society Membership

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Presentation transcript:

Bundled Model Proposal: IEEE & Society Membership Roger D. Pollard Past VP, Technical Activities Chair, TAB Ad-Hoc on Society Membership Howard Michel VP, Member & Geographic Activities Member, TAB Ad-Hoc on Society Membership February 2011

Two Tier Society Membership Model 2/22/2019

Current situation - 50% of IEEE Member do not belong to any Society. No Society Membership included in IEEE base dues. 38 Society choices for members, all with varying costs to join. All IEEE Members have a Geographic “home”.

What do we want to do and why? Have IEEE base membership dues include a choice of one Technical Society. Have every IEEE Member have a Technical and a Geographic “home”.

Why should Society Membership matter to IEEE? 2/22/2019

2010 Higher Grade Retention No society affiliation Adding a “Technical Home” will likely improve overall IEEE retention - Especially for new Members, the least likely to renew 2010 Higher Grade Retention All <=5 Years of Service No society affiliation 76.5% 46.0% At least 1 Society 87.6% 66.3% 80% of Higher Grade Attrition is Members with 5 years of service or less * Does not include Student/Graduate Student Memberships

Why are they leaving? What they will miss:* Top Reasons for Joining:* Slide 7 Why are they leaving? While non-renewing members join for the same reasons that renewing members join; when we ask them what they will miss, we are clearly not meeting their initial needs. Top Reasons for Joining:* Obtain IEEE Publications (55%) Remain technically current (52%) Join IEEE Societies (42%) Enhance my career opportunities (37%) For continuing education (34%) Enhancing my stature (29%) Networking with other professionals (27%) What they will miss:* IEEE Spectrum(35%) Nothing (25%) Technical society membership (21%) Discounts on conferences (15%) Opportunities to stay technically current (13%) Discounts on publications (12%) IEEE Educational Products (11%) *2008 Non-Renewing Members Study

Bundling…. IEEE Member encourages participation in “One IEEE” Section: Geographic Home Society: Technical Home encourages participation in “One IEEE” Supports the IEEE Mission Enhances the Membership value equation Encourages MGA & TA partnership & alignment

 Assumption Check: Bundling increases the value proposition of IEEE Membership Every IEEE membership includes Geographic Community Technical Community Additionally IEEE members can “upgrade” their Technical Community involvement

5 Year Two-Tier Bundle Perspective 2012: Final Prep Feb: Finalize Two-Tier Product Offerings March-July: Finalize Marketing 2011: Decision Feb-June: Socialize @ AdComs June: Two-Tier & Bundling Decision 2013: Membership Year IEEE Markets NEW Member Value Proposition 2014/2015: Algorithm Re-Evaluation Direct Infrastructure distribution freezes from 2012 until revaluation after new paradigm stabilization 2011 – we must be prepared to decide by June to make this happen in 2013 2012 – we finalize what will be marketing at renewal (Fall 2012) 2013 – First Year marketing and summer analysis 2014/2015 – year 2 and 3 of the new paradigm 2/22/2019

Possible financial choices for enabling IEEE bundling $5 (USD) increase in dues spread over 3 years $15 (USD) increase in dues in one year OTHER OPTIONS: Reduce IEEE Infrastructure costs as a portion of the expected revenue loss Increase the IEEE Membership dues to cover the inclusion of a Society Membership Invest from reserves/surpluses to cover short-term shortfall in revenue A combination of any of the options above Next Slide for discussion - - Assumption Check!

Each Societies GOALS/Challenges 2/22/2019

Create A Two-Tier Membership Model for AESS (Example Only) $15 AESS Member-ship Model Electronic Magazine QEB $28 AESS Member-ship Model Printed Magazine QEB Access to Transactions Webinars Conferences 2/22/2019

AESS Two-Tier Membership Motion Moved that the AESS endorses the concept of the IEEE Two-Tier Membership project. 2/22/2019