Which companies have the best mentoring programs?

Which companies have the best mentoring programs?

Here are three companies with great mentoring programs:

  • Caterpillar. The goal of Caterpillar’s mentoring program is to facilitate continual learning and development.
  • General Electric. GE has long been a leader in mentoring and was one of the first companies to adopt reverse mentoring.
  • Bain and Company.

How much does a mentoring program cost?

In our experience fees ranging from $50 to $3,000 have been charged, usually depending on the seniority of the cadre of mentors. We suggest that the sweet spot for most association-led programs would be $150-300 per mentee. As well as helping to fund the program, the fee also helps to qualify mentees.

How do I choose a mentor for my mentoring program?

Ask your mentors what they’d most like to share with mentees, and interview your mentees about their career goals so you have a clear idea of what each person has to offer. Choose mentors who are successful and well-respected within the company.

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Where can I find a mentor online for free?

Here are a few resources to get you started on the path to finding a mentor:

  1. MicroMentor. Free online mentor service that connects small business owners with business mentors.
  2. SCORE Mentoring.
  3. ACE Mentor Program.
  4. TiE Global.
  5. Mamas (Mother Attorneys Mentoring Association).

What companies reverse mentoring?

Reverse mentoring was pioneered just over a decade ago by former General Electric CEO Jack Welch, and has been embraced by a growing number of companies, including Ernst & Young, General Motors, Citibank, Johnson & Johnson, Mars, Cisco and Procter & Gamble.

Is a mentor free?

Mentors are free, which makes them priceless in more ways than one. Typically, a mentoring relationship will grow organically through connections within your industry and network.

Why do mentorship programs fail?

Marginal or mediocre mentoring may be a consequence of assigning mentors who are too busy, disinterested, dysfunctional, or simply lack competence in the role. Prospective mentors often are randomly selected or told to participate. Leaders fail to give resources to, evaluate, or reward mentoring.

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How do I plan a mentoring program?

How to Start a Mentoring Program

  1. Step 1: Define the Purpose & Goals.
  2. Step 2: Design the Mentoring Program.
  3. Step 3: Onboarding Mentors & Mentees.
  4. Step 4: Matching Mentors & Mentees.
  5. Step 5: Maintaining Mentoring Momentum.
  6. Step 6: Measure Success & ROI.

What does a mentorship program look like?

A formal mentoring program is a structured, often one-to-one relationship in a work, organization or academic setting. A well-functioning mentoring program requires strategic planning and organization to connect people, increase knowledge and build skills for future goals and milestones.

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