The Secret Behind Successful Corporate Mentoring Programs

One thing has remained constant in my 20+ years designing and implementing corporate mentoring programs: the programs that succeed are the ones that set up their mentors, mentorees, and program managers for success.

Now you might be thinking, "Well, aren't all programs set up for success?" Unfortunately, no. That's not to say these programs don't have good intentions. I suspect just about every organization that takes the time to set up some sort of mentoring program, even an informal one, has good intentions. But then we've all heard the famous saying about that road to hell: good intentions are not enough.

So what makes the difference? How can you ensure your corporate mentoring program doesn't go to hell in a hand basket?

The answer is actually quite simple. Programs that include a training element tend to be the ones that succeed. "Why," you might ask, "does my program need a training component?" It's a good question. After all, mentoring isn't a foreign concept. Most of us probably "get" what it is, at least at a top level. But how many of us know how to mentor or be mentored when we enter a mentoring program for the first time? Based on my experience, I can promise you this: not many.

This is why my team and I developed Mentoring Success.

Mentoring Success is an online training course, which means people can access it anywhere, anytime, as long as they have an Internet connection and access to a browser. The course is interactive and filled with audio skits that demonstrate concepts and punctuated with self-quizzes to ensure comprehension. Best of all? The price. Mentoring Success is only $79 per student.

Your employees are worth that, right?

Hmm. You're not sure? Well, consider this: The U.S. Department of Labor estimates the cost of replacing an employee as 30% of that individual's annual salary. For professional positions, estimates are as high as 150-200%. This includes the cost of recruiting as well as costs associated with training.

Suddenly, the $79 per person investment doesn't seem like such a big deal, especially when we know corporate mentoring programs attract top talent and retain top talent. (There's a reason why 70 percent of Fortune 500 companies have formal mentoring programs. Because. They. Work.)

By the way, I understand economic times are tough. I'm not suggesting you sign up all your mentoring pairs at once. Instead, have one of your new (or newest) mentoring pairs take the Mentoring Success course and see what they get out of it. That's an investment of only $158. If the pair finds it to be beneficial (and I'm confident they will), you can phase in the rest of your mentoring program members as your budget allows.

Ready to get started? Buy now from our secure site, Mentoring University. Or read more about Mentoring Success here. And definitely let me know what you and the other program members think of the course.

Here's to your organization's mentoring success.

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