AIESEC Canada Inc. Annual Report 2021-2022

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AIESEC Canada Inc.

Annual Report 2021 - 2022
Table of contents 21-22 President’s Letter Board of Directors Chair Letter About AIESEC How we Develop Leadership AIESEC Canada Long-Term Strategic Plan Marketing & Engage with AIESEC Events Incoming Global Talent Outgoing Exchange Programs Business Development & Y2B Talent Management Organizational Development Conferences 21-22 Financial Summary Board of Directors Profiles 22-23 President’s Letter Partners 1 3 4 7 9 11 13 15 17 19 23 25 27 29 31 33

Back when I joined AIESEC in 2017, it was these very words that inspired me to apply and step up for my Local Committee. As a new member of AIESEC, I believed that youth leadership & development was necessary to make the world a better place, and AIESEC was the perfect platform for this. Throughout my years in AIESEC, I have truly been able to see what it means to develop leadership in anyone, anywhere because I have been lucky enough to witness countless AIESEC journeys that have led youth to grow into the best versions of themselves.

In 2020, I made one of the most difficult and rewarding decisions in my life, and that was to step up to become the 21.22 President of AIESEC in Canada. I started my role as the President knowing that I would face many uncertainties and hurdles through the year, especially considering that the 21.22 term marked the beginning of AIESEC in Canada’s recovery from the pandemic. Like any other 23 year-old would feel in a situation like this, I felt nervous, afraid and uncertain about the future of the organization but one thing was always clear: AIESEC in Canada has a passionate body of leaders within and outside of the organization that will always continue to spearhead our organization’s mission to continue developing youth leadership. I saw this very passion in my team of national VPs, in my Board of Directors and in my Local Committee Presidents along with their Executive Boards. It was through seeing this passion that I was able to become certain in a time of uncertainty. It was through these individuals that we were able to create an AIESEC in Canada that could be certain in a time of uncertainty; an AIESEC in Canada that could be confident in the leadership we develop.

The 21.22 term marked the year where we could fully reintroduce physical incoming and outgoing exchanges since the pandemic. We resumed operations for physical incoming exchanges in our Local Committees which allowed us to surpass pre-pandemic exchanges in the 19.20 term. Through the foundation we were able to build, I am confident that in the future years, National Teams and Local Committees can capitalize on this momentum and continue to grow the program. Looking towards outgoing exchange programs, 21.22 marked the year where we could also start the

resumption of outgoing exchange. With the help of our Local Committee Executive Board members and the Board of Directors, AIESEC in Canada created a phased exchange resumption plan and gradually reintroduced outgoing exchange operations within our Local Committees. Through this plan, we started focusing on facilitating outgoing exchange opportunities for those whose opportunities were disrupted by the pandemic, as well as opportunities for our members to go on exchange.

Alongside the strides the National Team was able to make in exchange, I am proud to say that we were also able to diversify our BD portfolio and grow BD revenue by almost 100%. Through B2B research recommendations given to us by Incite (a marketing and strategy consultant firm) in the 20.21 term, we created new additions such as Youth Insights, that reshaped the way we do partnerships to build mutually beneficial relationships between our partners and AIESEC in Canada. Due to these initiatives, AIESEC in Canada’s revenue in 21.22 is comparable to prepandemic numbers and created a solid foundation for future generations in fundraising.

Looking toward our membership portfolio in the 21.22 term, we honed in on building a more communitydriven culture within the organization. We capitalized on the fact that throughout the pandemic, one of the main things that motivated our members to continue their journeys within AIESEC was the organization’s community. Therefore, we focused on giving our leadership bodies tools and resources to foster the community culture within their Local Committees through our engagements and training. As the National Team, we were also able to reinvigorate this culture through the 3 physical conference touchpoints we had with our LCPs and membership. One huge success for our team was bringing the Summer Leadership Camp to AIESEC in Canada in July 2022 to help develop leadership and culture within our national plenary.

individuals alongside the support and guidance of our Board of Directors. I also want to give a huge thanks to all the partners of AIESEC in Canada that believed in the leadership we develop and worked alongside us to deliver meaningful experiences for youth throughout the year. Despite all the obstacles and hurdles thrown our way, the 21.22 term was a year where we continued to develop youth leadership through membership and exchange, a year where we decreased our expected financial deficit by $100k, and a year where we built a strong foundation for future generations. Ultimately, through my experience as the President of AIESEC in Canada, here is what has been made clear to me about this organization:

In a time of uncertainty, AIESEC in Canada can be certain in being able to overcome obstacles.

In a time of uncertainty, AIESEC in Canada can be certain in the leadership we develop.

In a time of uncertainty, AIESEC in Canada can be certain of the strong community that surrounds the organization.

As I look towards the future of the AIESEC in Canada, I could not be more hopeful and I wish the 22.23 team the best of luck.

Sincerely,

Looking back at the entire term, I could not be more proud of my team of dedicated VPs and my Local Committee Presidents. None of what we accomplished in this term could have been possible without these

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“We believe that leadership is the fundamental solution and it can be developed in anyone, anywhere.”
President’s Letter
Alysha Alva MCP 2021-2022 AIESEC Canada Inc
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Board of Directors

Chair Letter

create purposeful partnerships that have supported us throughout the year.

As we navigated this year for AIESEC in Canada, we prioritized keeping our organization financially sustainable while simultaneously investing in key projects like the resumption of our exchange programs. This year, AIESEC in Canada continued on the work of previous national teams delivering on the plan to: Develop Youth for the Future of Work, Enable Youth and Partners to help make AIESEC more accessible, and Showcase the #LeadershipWeDevelop.

With this in mind, we saw many great achievements in 21.22 including the resumption of all our exchange programs, expanding our business development portfolio to include products like Youth Insights, and engaging over 4000 youth through our social media channels and through local and national virtual and when safe to do so, in-person events.

Ultimately, it is the support of our partners that helps our organization to do what we do best: deliver more experiences for youth to develop their leadership. This year, we had the excellent support of RBC Future Launch, Co-operators, Bank of Montreal, Export Development Canada, Nestlé, Telfer School of Management, Canadian Association of Petroleum Producers, VIA Rail Canada, International Experience Canada, Schulich School of Business, and AGF Management. We look forward to leveraging our partners’ support through meaningful engagement opportunities with our membership and through opportunities to help support and strengthen our exchange programs.

About AIESEC

AIESEC is a global youth-led organization striving to achieve peace and fulfillment of humankind’s potential. We do this by activating leadership in youth through learning from practical experiences in challenging environments. Together with partner organizations, AIESEC facilitates leadership experiences across a variety of programs.

Since its inception in 1948, AIESEC has engaged and developed over 1,000,000 young people. Our impact can be seen through our alumni who represent business, NGO, and world leaders. The organization spans more than 100 countries and territories, with every aspect of AIESEC’s operations managed by youth aged 18-30 who are primarily students and recent graduates of institutions of higher education.

This year for AIESEC in Canada was a very challenging yet exciting & pivotal year for the organization. As we continue to emerge from the global pandemic, AIESEC in Canada focused on continuing our path to recovery by resuming our exchange programs and strengthening our business development portfolio. While the national team alongside the Board of Directors have made great strides in building up the organization, it would not have been possible without our supporters and partners. For that I would like to thank you for your continued commitment to AIESEC in Canada. It is through collaboration that we have been able to

On behalf of the Board of Directors, we look forward to continuing to deliver meaningful experiences for youth across Canada through our membership and exchange programs that can help them develop their leadership and become the leaders our world needs.

With gratitude,

External Relations 50,000+ Alumni 12 National Partners

600+ Members 25 Universities

Ontario Carleton University

Queen’s University

McMaster University Ryerson University

University of Guelph

University of Ottawa

University of Ontario Institute of Technology

University of Waterloo

University of Western Ontario University of Toronto

Wilfrid Laurier University York University

Saskatchewan

University of Saskatchewan

About AIESEC in Canada

AIESEC in Canada strives to develop youth through practical experiences in challenging environments. Through facilitating our programs, initiatives, and events, our leaders experience the complexities and challenges of running an international organization everyday. Every volunteer, member, and exchange participant is between the age of 18-30 and infuses their diverse perspectives into everything we do. After going through an AIESEC in Canada experience, they are better prepared to enter the workforce and make a positive positive impact in any sphere they should choose.

Quebec Concordia University

McGill University ESG UQÀM

HEC Montréal Université de Sherbrooke Université Laval

British Columbia Simon Fraser University University of British Columbia University of Victoria

Manitoba University of Manitoba

Alberta Mount Royal University University of Calgary University of Alberta

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Founded in 1 9 5 8
Jennifer
16.2% 48.3% 21% 14.5%

Our Values The AIESEC Way

Striving For Excellence

We continuously improve through creativity and innovation. We strive to deliver the highest quality performance in everything we do.

Some examples of living this value:

• We encourage each other to be better every day in everything that we do.

• We appreciate feedback and put it into action to achieve results.

Activating Leadership

We lead by example and inspire leadership through actions and results. We take responsibility for developing the leadership potential of others.

Some examples of living this value:

• We encourage and delegate responsibility to the new members of AIESEC in managing the organization.

• We empower members to deliver exchange experiences.

• We inspire actions in others by being role models.

Demonstrating Integrity

We are consistent and transparent in our decisions and actions. We fulfil our commitments and conduct ourselves in a way aligned with what we envision

Some examples of living this value:

• We communicate openly and honestly with all stakeholders.

• Our actions back up our words. We fulfil our responsibilities and promises.

Living Diversity

We actively learn from different ways of life and opinions represented in our multicultural environment. We act inclusively, respecting and actively encouraging the contribution of every individual.

Some examples of living this value:

• We interact with members from a large range of countries and territories at global conferences and living the cross-cultural exchange experience

• We partner with organizations and companies that are open to diverse and global experiences

Enjoying Participation

We create a dynamic and welcoming environment through the active and enthusiastic participation of individuals. We enjoy being involved in AIESEC.

Some examples of living this value:

• We recognize the contribution of members and encourage them to be their best.

• We celebrate our victories by sharing our achievements.

Our Unique Leadership Development Model

AIESEC’s model for leadership development aims to prepare youth to take a stand on issues they care about and become capable of making a difference with their everyday actions. We strive to create value-driven leaders that can help create a better world

Acting Sustainably

We act in a sustainable way for our organization and society. Our decisions take into account the needs of future generations.

Some examples of living this value:

• We manage our resources to leave the best conditions for the organization for future years.

• We support each other and we build on what has been done in the past Activating Leadership

To do this,AIESEC has a shared set of behaviors - our six core values - that shape our organizational culture. These values bring the AIESEC Way to life.

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Self-Aware Word Citizen Empowering others Solution-oriented

How we Develop Leadership

Our programs

Our programs aim to provide young people with experiential leadership development opportunities. Each program is uniquely structured to facilitate practical learning experiences in challenging environments, enabling every young person that goes through the program to develop AIESEC’s six values: Striving For Excellence, Enjoying Participation, Acting Sustainably, Living Diversity, Demonstrating Integrity, and Activating Leadership.

COVID19 Impact: Due to the risks of COVID19, our programs’ focus shifted towards remote learning experiences, the local membership program, and longterm professional placements abroad that followed cross-border safety regulations (Global Talent) in the first half of the term. Toward the second half of the term, we resumed physical exchanges.

Local Membership Program

The Local Membership Program offers youth a tangible way to develop their leadership, skills, and connect to a community of diverse individuals. AIESECers learn through challenging team experiences such as innovating what our organization delivers during COVID-19 and leading their local committees. These opportunities allow youth to lead their own teams, network across Canada, and step outside of their comfort zone. AIESEC also hosts various conferences throughout the year as touchpoints for our members to learn more. With 25 AIESEC chapters across the country, AIESECers from different cities are able to meet in conferences lasting for 3 - 5 days. These conferences are filled with various workshops, keynotes, and networking spaces.

International Exchange Programs

Global Talent is an internship opportunity for a young person to work abroad. The program can range anywhere from 6 weeks to 18 months long, and can work for a Start-Up, incubator, SME (small to medium enterprise) or a MNC (Multinational corporation). In a nutshell, the Global Talent program aims to advance a young person’s personal goals and live a cross-cultural professional experience while developing both hard and soft skills. These positions are primarily in the fields of marketing, IT and business administration. Participants are typically recent university graduates or within their final years of study.

Global Teacher is a professional teaching opportunity abroad that can range anywhere from 9 weeks to 18 months long. Participants are able to gain experience in an educational institution to advance their personal or professional goals and live a cross-cultural experience. Participants are typically recent university graduates or within their final years of study.

Global Volunteer is a 6-8 week international volunteer experience where a young person contributes to one of the UN’s (United Nations) 17 Sustainable Development Goals by volunteering in a school, NGO, nonprofit or community effort. Participants are not limited by their education level or area of study, but rather placed and selected by their personal strengths and abilities.

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9 10 Member Committee President Alysha Alva
MCVP Business Development Eugene Lee MCVP Operations Alex Antoniewicz MCVP Membership Experience Jodie Ng CEEDer Outgoing Global Talent Laura Paes MCVP Marketing Ihsan Yousif
Long-Term Strategic Plan 21 22/
Member Committee
AIESEC in Canada

Marketing

In 21.22, marketing aimed to showcase and share the leadership stories and experiences from as many opportunities that we deliver to young people across Canada. After 2 years of our exchange programs on hold, we wanted to remind our communities that we will continue to do what AIESEC does best, create new and exciting opportunities for young people to develop their full potential and be confident in the leadership we develop.

We were able to accomplish this through many innovative initiatives taken on by our local chapters that transformed the way we showcase experiences in AIESEC and through this, we introduced new members and stakeholders into our community.

Our National Channels Reach

1.5k exchange SUs 1.9k local membership SUs 9.2k LinkedIn followers

3.7k Instagram followers 100k Facebook followers 6.8k Twitter followers

Testimonial from our events

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Incoming Global Talent

What is IGT?

The Incoming Global Talent program partners with Canadian employers looking for a cost effective solution to sourcing young, high-quality, and globally-minded talent for their organization.

AIESEC Canada partners with International Experience Canada, who provides us with LMIA-exempt work permits, as part of our common mandate to facilitate access to international travel and work experience for Canadian and foreign youth. This professional crosscultural exchange aims to develop youth leadership for all exchange participants, through the implementation of our 16 exchange standards and our leadership development models.

In the 21.22 term, iGT has been able to navigate through the struggles caused by the COVID-19 pandemic. During this term we have seen growth in the portfolio which was heavily attributed to the strategies implemented. In the 21.22 term IGT focused on three key strategies:

Quality Control: The global pandemic taught us the importance of ensuring that all of our exchange experiences were safe and impactful for all participants. With this in mind, we worked more closely with the Entity Control Board in creating health and safety protocols for all Local Committees to follow.

IGT Awareness: Our program is an extraordinary hiring solution for many companies. However, not many companies in Canada are aware that our program exists. With this in mind, we focused heavily on our B2B efforts and through this we were able to secure new national partnerships and establish a partnership

with immigration lawyers (you can take a look a t this partnership through articles posted on the CILA website.)

Data Management Refresh: In order for the Local Committee to find success when selling the iGT program, it was imperative that we began refreshing our decades old CRM system. In 21.22 term, we invested heavily in creating a new iGT site on our Salesforce platform. Through this new interface, iGT teams were able to use personalized features that supported them in their customer relationship management efforts.

Therefore, by implementing the strategies mentioned above, the iGT program has seen a 300% growth of contracts signed and in youth approved to participate in our program in comparison to the previous term. Ultimately, through our efforts nationally and locally, we were able to welcome a total of 18 youth participants into Canada.

This growth is an excellent indicator that the iGT program is recovering from the impact of the COVID-19 pandemic. By continuing to focus on the quality of our exchange experiences, the awareness of the program and continuous investment in technology, the iGT program will continue to experience success and have a positive impact on Canadian companies and foreign youth participants.

Our most popular country partners

62% - Brazil 24% - United Kingdom

3% - Spain

3% - Greece 3% - India

Our most popular fields of work include

IT - 16 BA - 5 ENG - 5 BD - 2 Finance - 1

“Since my arrival, I’ve felt at peace. It’s great coming from another country and having all the support from this organization. It’s simple things like setting up a bank account, and helping me purchase basic necessities that made this transition seamless. I’m not the most organized person, so this was a big relief. Because of this internship through AIESEC, I get the opportunity to keep learning everyday. I also get to learn more about programming tools and a bit about the financial market as well. I feel so motivated and satisfied. Thank you AIESEC in Canada”

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Outgoing Global Exchange (OGX)

Introduction (why outgoing exchange?): In a time when we are still trying to adapt to the new global context created by the COVID-19 pandemic, AIESEC in Canada’s exchange programs still remain vital for young Canadians to make an impact on themselves and society. This current generation of youth has a unique opportunity to shape Canada. We are seeing youth speaking up about social issues, educating themselves on world issues and proactively taking on leadership roles. Our outgoing exchange programs aim to foster this kind of leadership and allow youth to make a direct impact on their communities. AIESEC’s exchange programs enable youth to step outside their comfort zone to have a cross-cultural experience. Participants that complete an exchange with us are enabled to develop their leadership skills and realize the potential they have to make impactful changes to the world around us. The global experiences that AIESEC offers are key towards shaping the next generation of value-driven Canadian leaders.

Due to the COVID-19 pandemic AIESEC Canada had to halt facilitating our exchange programs. In the 21.22 term, the world around us embarked on a transitionary period of recovering from the devastating impact of the pandemic. This was also the term where we began preparing for the resumption of our Outgoing Exchange programs. The national team planned to launch our outgoing exchange programs in a phased approach and was created by working closely with our Board of Directors and Local Committees. This phased resumption plan ensured that we resumed exchange safely by being able to react to any potential risks effectively and without overwhelming our Local Committees.

Numbers:

136

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Future of OGX

With the rapidly changing environment, it is important that our Outgoing Exchange Programs are also evolving along with it. In the future, AIESEC should continue to help increase our Local Committees capacity to run Outgoing Exchange & focus on the quality of our exchange program by putting an emphasis on the safety of our exchange participants. When looking towards AIESEC in Canada’s partnerships with other entities abroad that help us facilitate cross-cultural exchanges, it is imperative that future AIESEC generations also focus on building up these partnerships. Through proper international relationship management with other AIESEC entities, we can ensure that every youth participating in an AIESEC exchange program will be safe, taken care of and have the opportunity to develop themselves.

“I was scared of being alone in a foreign country without my friends and family - but traveling with AIESEC meant I already had friends waiting for me at my destination. Whether it be my exchange manager or AIESEC Greece, there was always someone there to answer my questions. This experience has placed me in a challenging environment where I have been able to grow personally and professionally. Not only did this experience give me a chance to make an impact on myself, I was able to create a positive impact on the community as well”.

“My experience with AIESEC has been amazing. From the very beginning AIESEC members in both my home and host countries provided me with everything I needed. Everyone treated me with kindness, understanding, support and respect. Their communication with me has always been so clear and consistent. I feel so grateful and happy to be part of the AIESEC family. They have made my move to Colombia an easier transition”.

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Mikaela Dai Global Talent Opportunity, in Greece, Working as Marketing and Customer Support Firdevs Osman Ali Global Teacher Opportunity, In Colombia, Working as a English Teacher
881 Sign Ups
applicants
accepted 31 approved 13 realized

Business Development

This year, a heavy focus was put on business development to help keep the organization sustainable during the pandemic. The success and resilience of the business development portfolio can also be seen through our national partner group. In the 21.22 term, AIESEC was able to increase their business development revenue by 90% from the prior year and brought in 75% of the organization’s revenue. In this term, we were also able to sign three new partnerships and upscale three existing partnerships. The results and growth achieved in the 21.22 year are a testament to AIESEC in Canada’s road of recovery from the global pandemic.

With AIESEC in Canada’s focus on developing leadership in youth, and on providing businesses with young people’s perspectives, the business development portfolio worked hard to make sure that our members and external youth could continue to develop their hard and soft skills through partner engagements at our conferences. Leveraging the learnings from the previous year, the business development portfolio continued to adapt our partnerships to include virtual & hybrid engagements.

One of the biggest successes for AIESEC in Canada this year was being able to champion young people’s voices to companies, and being able to create partnerships based on providing companies with young people’s perspectives. These engagements allowed the organization to create a new product under BD: Youth Insights. The Youth Insights BD product allowed AIESEC in Canada to revitalize old partnerships and brought in three new partners into the national partner group for AIESEC in Canada.

In the next year, we hope to continue to evolve the business development portfolio to include hybrid engagements (both physical and virtual) for partners & youth. We are excited to continue being the champions for young people to share their voice as we create more partnerships based on the youth perspective and youth thought leadership.

Canada Youth to Business Series & Business Development

Since 2010, The Canada Youth to Business Series has brought businesses, organizations, government, and students together to engage in a unique dialogue on relevant topics to both Canadian businesses and student communities. AIESEC in Canada brings together key stakeholders within the Canadian community and bridges the gap between youth and business, driving Canada forward by exploring different perspectives, sharing ideas, and building a better future together.

This year, the Youth to Business Forum Theme focused on “We are Generation Z”. We found this theme to be extremely relevant as Generation Z is now starting to enter the workforce. In this theme, we explored topics that focused on youth preparing themselves for the workforce, and on businesses learning more about the youth perspective. In our sub-themes, we shed light on “Nurturing the Next Generation of Leaders” and “Cultivating Self-Care”.

In our first sub-theme we had panelists from RBC Future Launch, Export Development Canada, AIESEC in Canada, and Telfer School of Management discuss what the necessary skills are to become successful in the workplace. The panelists also spoke on the importance of nurturing youth leaders today so that when time comes for them to enter the workforce, they are prepared and ready to lead.

In our second sub-theme, we had speakers from the Prime Minister’s Youth Council, Manifesto, Compass, and ROSE attend to speak on the importance of selfcare and how youth can focus on their well being and mental health. Our panelists were able to highlight the importance of self-care and how it influences our day to day activities and actions.

For the Y2B Forum this year, we had over 700+ registered attendees from Canada and we set up 5 satellite viewing locations in Vancouver, Calgary, Montreal, Toronto and Ottawa. Learning from the previous years, we were able to leverage the virtual event and create physical elements through our

satellite viewings to make a hybrid Y2B Forum in the 21.22 term. In addition to the forum this year, we continued our partnership with Nestlé and hosted the annual Spark Case Competition. For this case competition, we were able to get over120 registrants and the teams were able to develop their future proof skills by reimagining the confectionary brand and marketing strategy.

In the future, we hope for the forum to continue reaching youth and partners from all over the country. We are also very excited to adapt our forum to the hybrid format so we can furthermore increase its accessibility even after the pandemic.

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I really enjoyed how we could share and freely acknowledge our different points of view with questions about mental health, personal goals and leadership vision; I loved the dynamics of the sessions, especially the youth output space where the virtual delegates such as myself could engage with the delegates that went to a satellite viewing of the Y2B forum

Talent Management (TM)

The role of the TM function: The 2021-2022 term was a year of change and transition for our membership program. We were able to create in-person events and experiences for our members while still leveraging virtual means. Our renewed focus on expanding the membership program and how we develop AIESECers has allowed the TM portfolio to become more defined. The major aim of Talent Management this year was to create more flexibility in how we work with AIESECers and develop a more relevant membership experience. Overall, we focused on the following areas within our membership program this year:

Data Driven Membership Insights: Continuing our strong program of consistent membership surveys, a larger focus on making data-driven decisions was emphasized. This year we integrated various quality checks to ensure that we are constantly refining the membership experience based on their feedback

Local Committee Collaboration: This year we saw more and more Local Committees work together to deliver amazing events and initiatives. From the East to the West, AIESEC members worked with one another to increase their network. These tangible connections are what has always defined the AIESEC experience and this year we were able to reintroduce that in.

Introduction of New Membership Program: In 2021, we officially reintroduced our Membership Program into the network. This change highlighted a focus on the experiential development of AIESECers and how crucial their experience is. Moving into 2022, we slowly expanded this by introducing a more holistic approach to managing membership and creating personalized experiences.

The Future of Talent Management in

Canada

Moving into a post-pandemic AIESEC, Talent Management will be refining how we deliver leadership development centric experiences while re-integrating in-person touchpoints. Going forward, AIESEC in Canada will aim to recruit more members into the organization and expand a few new campus locations. Through this, we hope to expand the amazing leadership experiences young people across Canada can take part in.

On top of this, we will be continuing to leverage the learnings from the past years and utilizing purposeful partnerships to elevate the Talent Management portfolio. This means continuing to encourage collaboration between local chapters with other organizations, their universities, and other local chapters. Through this, Talent Management will be able to diversify their own methods of recruiting and managing the member experience. Nationally, we will also be working with our national partners to develop more initiatives that can drive a stronger leadership network for AIESEC in Canada.

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“Joining AIESEC is one of the best decisions I made in my university life. When I look back at myself in my first year and I see myself now, I see my skills are greatly developed. Whether it is in team management, being a client advisor, or innovating for my portfolio, I have learned quite a lot. On top of that, I have made lifelong memories and friends after being in AIESEC. The culture here is one of the best work cultures I have ever experienced.”
Vice-President of Outgoing Global Talent, AIESEC in York
21 22 AIESEC in Canada’s Membership Insights Study area: Membership size: 600 members Business: Business Administration 27.07% Accounting - 7.52% Finance - 6.02% Marketing - 4.70% Human Resources - 2.44% STEM: Biological/Natural Sciences - 7.14% Computer Science - 4.70% Engineering - 4.70% Other STEM - 4.32% Social Sciences: Economics - 4.51% Psychology - 3.76% Political Science - 2.44% International Relations - 2.26% 14.1% - 18 25.0% - 19 24.3% - 20 16.5% - 21 8.2% - 22 11.8% - 23+ 43.21% 6 months 28.68% 6 to 12 months 20.84% 1 to 2 years 7.27% longer than 2 years 63% - female 35% - male 2% - other Membership age: Time in AIESEC: Membership Ratings Motivation to stay in AIESEC: 1. Connection to the AIESEC Purpose 2. Driven to Develop Leadership 3. Connected to the AIESEC Community How likely are you to recommend AIESEC to family and friends? How would you evaluate AIESEC as a leadership development program? Membership Gender: 7.52% Accounting 7.14% Natural Sciences 6.02% Finance 27.07% Business Administration 8.71 10/ 8.53 10/

Organizational Development

What is OD’s function in AIESEC?

Organizational Development is responsible for developing, maintaining and managing all internal management systems like timelines, data bases, information systems, internal communications platforms and organizational governance. In the 21.22 term, Organizational Development played a crucial role in establishing a strong foundation for all other areas of AIESEC to thrive. Here are some of the key initiatives carried out in the year:

Knowledge Consolidation & Translation: A major focus of this year’s team was ensuring that our knowledge transfer would carry on despite the virtual setting. Various hubs and consolidated guidelines allowed for members to access training material or relevant AIESEC information. To add on to this, the team began ensuring that key resource material was also translated to ensure our organization works towards becoming a more bilingual friendly one. This will be continued throughout the next year and provides a foundation for the network to continue to resume our exchange programs.

Reintroduction of In-Person Conferences: This past year, the team was able to safely host a few small inperson summits as well as a Summer Camp conference. These touchpoints were vital in sparking stronger connections between individuals across Canada and revitalize the AIESEC community. This was also done with strong precautions and allowed us to revamp our conference experience while reintegrating key AIESEC traditions back into the membership. We upgraded our conference registration page to increase security, developed more encompassing safety procedures, and ensured a more accessible conference experience.

Development of an Equity, Diversity, and Inclusion Framework: AIESEC Canada’s mandate is all about ensuring we build communities of leaders where people can feel connected. Therefore, focusing on EDI was key in guiding the organization into a more sustainable and inclusive future. Using the core of AIESEC, we aligned our purpose of developing leadership in anyone, anywhere with our strategies.

Over the past year, we revisited current processes and highlighted areas where we can improve in accessibility and diversity. Ultimately, this will allow for an AIESEC where everyone can feel welcome & succeed in their endeavors.

The Future of Organizational Development in Canada.

As the foundation of the systems within AIESEC Canada, OD will focus on expanding into areas that were put on hold due to the pandemic. This includes refining our internal policies, expanding our local chapters, and finding a communication channel aligned with our current demographic. In addition, as we move back into in-person conferences, we need to define how we want to move forward with these events to ensure they can be sustainable and financially accessible for attendees.

“If I were asked to define AIESEC, I would say everlasting friendships, family, personal development, practical skills and challenges. From day one, AIESEC has been a constant learning experience shaping the person I am today, confident, less of an introvert, and equipped with many skills such as Marketing, sales, and people management. It is impossible to feel alone with the unmeasurable support in AIESEC (Alumni, MC, LCps and members) in achieving our personal and professional goals. This organization fosters an environment of self-improvement and confidence where you feel at home and realize the positive impact you can make at such a young age. Here, we understand the true meaning of learning by doing, where we all have the freedom to make and learn from our mistakes. Being challenged is the cornerstone of every AIESEC experience that forces us to step out of our comfort zone, try new things, and define the leader we want to be, our values and aspirations. Every choice in AIESEC is an opportunity to make an impact, empower, inspire and grow.”

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You Describe
One
How Would
Your LC in
Word?
Supportive Fun Passionate Energetic Community Connected Amazing Friendly Welcoming Family
Myriame Fofana LCP of AIESEC Concordia , 2022

Internal Conferences 21-22

MONTH CONFERENCE

August National

October

#DELEGATES | CITY DESCRIPTION

24 Delegates | Virtual The theme of each day in this 3-day meeting was: Formation of Stars. The main message was ensuring that our President understood our role in creating the next generation of leaders.

This conference connected the plenary around the concept of Choosing their Own Adventure within their own AIESEC experiences. We took this concept throughout our virtual workshops and created engaging touchpoints.

November

46

| Virtual The theme of this 3-day meeting was: The Leader in You. This conference was dedicated to the incoming LCPs and had outgoing LCPs deliver sessions. The aim of this conference was to ensure the incoming generation of leaders had the confidence to lead their local chapters.

The

The

The

July

This

AIESEC in Canada delivers conferences and summits annually to the membership to equip them with the skills needed to scale AIESEC in Canada’s program delivery while developing their leadership in the process. This year, AIESEC in Canada continued our delivery of a virtual format and innovated new ways to engage our membership through these online events. We incorporated more spaces for youth to network, gain insight from panels, and connect to a national community. Additionally, we were able to host a few small in-person conferences as safety precautions were taken.

Annual Awards

Awarded January 2022

Local Committee of the Year: AIESEC in TMU

Outstanding National Contribution: AIESEC in Calgary

Incoming Global Talent: AIESEC in TMU

Outgoing Global Volunteer: AIESEC in Toronto

Outgoing Global Talent: AIESEC in York

Business to Customer: AIESEC in Laval

Talent Management: AIESEC in York

Finance: AIESEC in TMU

Expansion Award: AIESEC in Saskatoon

25 26
President’s Meeting Combined Eastern and Western Regional Conference 276 delegates | Virtually hosted by AIESEC in Edmonton Incoming National Presidents Meeting Delegates December National Congress 2022 145 Delegates | Virtually hosted by AIESEC in SFU theme of National Congress was This is Our Generation. This virtual touchpoint set the stage for the 2022 year and is where we selected the incoming National President for the 2022-2023 term. February National Strategic Development Conference 2022 316 delegates | Virtual hosted by AIESEC in Toronto This was a conference meant to ensure the national network had a touchpoint to prepare for exchange and in-person operations. Despite a virtual setting, we focused the conference on how we can Level Up ourselves and our local chapters. May National Leadership Development Conference 136 delegates | Virtually hosted by AIESEC in TMU theme for this National Conference was Take Flight. With the initial stage of exchange resumption, we aimed to inspire delegates to take flight within their own experiences and on exchange. May Youth to Business Forum 241 delegates theme for the 2-day forum was: We Are Generation Z. Highlighting what this generation of young people bring to the workplace in dialogues and workshops with AIESEC Canada national partners. Summer Leadership Camp 78 delegates | Hosted by AIESEC in Calgary was our first in-person conference since the pandemic and sought to Rekindle the leadership of our network. We held this conference in a camp setting and was able to reintroduce various AIESEC traditions back into an in-person setting.

764 $ 460,729

07/01/2106/30/22 If you require a french translation for the financial statements, please email us at: finances@aiesec.ca

114,303 225,282 28,524 92,620 460,729$ 460,729

161,458--

161,458

$ 161,458 161,458

161,458

--

25,000--

25,000

-$ 25,000 25,000 $ 25,000

$---

199,454

199,454

-$ 199,454 199,454 $ 199,454

$---

-

9,719204,674-$ 214,393

386,752$ 601,145 601,145 $ 601,145

$---

-

980980 $ 980

-

275,508 57,285 55,903 54,244 70,405 16,005 12,785 10,691 4,867 4,687 2,857 976566,213 (192,146)

980980

(191,166)

$ 367,227 590,58628,524 8,490 44,247 21,196 $ 1,060,270

$ 114,303 225,282 28,524 92,620 460,729

253,040 63,570 52,916 36,590 25,633 3,033 2,905 2,022 1,865 1,392 858 10,268 2,551 456,643 (4,869)

6,067 (38,797) (32,730) $(37,599)

409,486 1,740 $ 1,651,719 1,196,648 $ 1,651,719

$ 364,466 781,68028,524 33,452 15,999 16,372 $ 1,240,493 409,486 764 $ 1,447,786 987,057 $ 1,447,786

$ 87,437 252,050 28,524 87,060 455,071

The Entity Finance Team (EFT) of AIESEC in Canada is a semi-independent body that works alongside the MC to act as coaches and internal auditors for our local committees.

As the Entity Finance Team Leader of 2022, I’ve had the opportunity to work alongside 3 incredible team members who were selected for their extensive experience and knowledge to guide our VPs of finance in managing their LC’s financial resources.

As in any organization, finances are a crucial component that both drives and indicates success. In this year’s unique circumstances, hybrid management of financial sustainability and the transition back to operations was the main focus. To target financial management, we ensured quarterly budget audits with feedback were completed to give LC Vice-President’s of Finance (VPFs) an opportunity to adequately

project the finances in the near future, while also learning budgeting skills. This was complemented with the introduction of past exchange knowledge to help VPFs adjust to the financial implications of the reintroduction of the outgoing exchange programs. With the past few years halting outgoing exchange revenue due to the COVID-19 pandemic, our team made it a priority to bridge any knowledge gaps that may have been created to make sure that our VPFs are aware of the changing financial environment involving exchange. Similar to previous years, we placed a huge priority on our mandate to coach and train. We focused on holding one-to-one coaching sessions with all VPFs and organized more group sessions to ensure questions were answered. With these changes, we have seen improved results in monthly audits and net income expectations, and combined with increased training, the EFT believes that LCs are well-positioned for a strong future.

27 28 Financial Summary Operating Fund Operating Fund Working Capital/ Emergency Reserve Fund Working Capital/ Emergency Reserve Fund Capital Replacement Reserve Fund Capital Replacement Reserve Fund Strategic Initiatives Reserves Fund Strategic Initiatives Reserves Fund Endowment Fund Total 2022 2021 Total Total 2021 2020 Total ASSETS Current OPERATING REVENUE STATEMENT OF FINANCIAL POSITION STATEMENT OF OPERATIONS YEAR ENEDED JUNE 30, 2022) LIABILITIES Current NET ASSETS FUND BALANCES OPERATING EXPENSES OTHER INCOME (EXPENSES) Cash and cash equivalents Internally restricted cash Interfund receivable (payable) Regional development funds Accounts receivable Receivable from local chapters Prepaid expenses and other Program revenue Grants, Donations and fundraising National development Interest and other revenue Government assistance Accounts payable and accrued liabilities Payable to local chapters Regional development funds Deferred student program fees Salaries and Benefits Rent and Occupancy AIESEC International Professional fees Communications Board governance Other Travel National service delivery Printing and supplies Staff development Amortization National development Operating surplus (deficit) Strategic planning revenue Strategic planning expenses Net revenue (expense) Investments Property and Equipment $ 357,508 590,586 (590,586) 28,524 8,490 44,247 21,196 $ 459,965 $ 37,257 192,000 33,299 55,903 7,502 48,106 374,067 $---$--$---$ 37,257 192,000 33,299 55,903 7,502 48,106 374,067 $ 32,948 124,000 2,865 63,570 3,056 225,335 451,774 275,508 57,285 55,903 54,244 70,405 16,005 12,785 10,691 4,867 4,687 2,857 976 -
(192,146)---------------------
566,213
-
-$(192,146)-$ -
$
-$
$
$ -
$
$ -
$
$
--
$
$
-
$
$-
Rayden Lin Entity Finance Team Leader

Munro

Ardyce Kouri

Board of Directors

29 30
Jennifer Pendura Chair of Board of Directors Director, Corporate and Foundations Relations University of Alberta Ande Baweja Director of Finance, Katz Group, CPA Lisa Principal and Lead Consultant, SILA +STOZER Partner Leaders International Executive Search Eileen Chin Associate Director, Financial Services and Purchasing Langara College ClaudeSebastien Jean CEO Elata Consulting Michael Smith Executive Vice President, Strategy & Solutions, MasterCard Cassandra Ruggiero Manager, Marketing Partnerships & Programs, TELUS Business Carolyn Rush Director, Global Human Capital PwC Nathalie Béchamp Chief Investor Services, Invest in Canada John Pallascio Senior Legal Council Canadian Commercial Corporation Danielle Soucie CEO (Chief Empathy Officer) at #BiasCorrect Kurt Hamilton Partner and CEO Provision Accounting Group Nithya Ramachandran General manager, T1

Over the past few years AIESEC had to face some of its hardest moments. The COVID-19 pandemic truly challenged our organization to re-think how we develop leadership. Through preparing youth for the future of work, being the youth voice to the business leaders in the country, AIESEC was able to find its footing in the new normal. That being said, the year wasn’t met with all glory, as we had our fair share of struggles with membership retention, and loss of purpose. As we head out of the pandemic, it is more crucial now than ever that we showcase why AIESEC was created in the first place, and go back to the basics: cross-cultural exchange.

The upcoming year will have a lot of unknowns as we deal with the aftermath of the pandemic. However, we are confident in the leadership that we will be developing throughout the next year. Through our three year strategic planning session we were able to create three key pillars that focus on membership, programs and the positioning for AIESEC. As we head out of this pandemic we want to bring back the roots of AIESECs leadership development so that we can continue to not only develop the leaders of tomorrow but the leaders of today. In the 2022-2023 year while we aim to focus on bringing back our exchange programs to full force we want to ensure the quality of them. We want exchange participants to have a strong sense of safety, enjoyment and development as they go on their international experiences.

The year ahead for AIESEC Canada is an extremely important year as we set the foundation for the following years to come. Through COVID it may have seemed that AIESEC had lost its voice, and the upcoming year will have many ups and downs. That being said, I am confident that with the support of our members, customers, partners, and alumni that we will be able to bounce back and show to the world that we are here, and stronger than ever.

Sincerely,

Eugene Lee

MCP 2022-2023

AIESEC Canada Inc

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President’s Letter
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