Mentoring Program, Mentoring Programs, Mentoring, Mentor

Successful Mentoring Program Best Practices

Do you have a mentoring program in your company?  Mentoring programs, consisting of formal overseen relationships between more knowledgeable mentor and a less knowledgeable protégé or mentee,have been proven to boost not only the career of the mentee but also the satisfaction and performance of high-level mentors.  Recent statistics showing the efficacy of a mentoring program include:

 

  • A study from the University of Pennsylvania showed that “mentees were promoted five times more frequently—and mentors, six times more often—than those who were not in the program.
  • A Center for Creative Leadership study showed 77% of companies reported that mentoring programs dramatically reduced employee turnover.  
  • In a recent survey of Fortune 500 CEOs, participants listed having a mentor as the number one component of their success.

“Mentoring programs are a great method to boost employee development, engagement, and retention at any company.” — Chronus Mentoring Software

An Excellent Mentoring Program Is Often Most Needed at the Senior Level in Businesses

If you are thinking of beginning a mentoring program, it is most important to look at the best practices of both the mentor and mentee roles.  These best practices are based on qualities of corporate programs that have been tried and tested over time and have been found to be the most important to effective mentoring.  Most importantly, best practices in mentoring involve the development of an equally beneficial relationship, improving the intelligence of the mentee while expanding the intelligence of the mentor.

A Good Mentor …

  • Listens well and treats the conversation with the mentee as confidential.
  • Determines what is important to a mentee and helps them explore their ambitions while expanding their skills.
  • Knows the importance of creating a candid and open relationship to promote confidence and trust.
  • Accepts the fact that in some cases a mentee may need to seek other sources of assistance and help.
  • Is appropriately trained and has vast knowledge of the company’s mentoring goals.
  • Refrains from mentoring those who are directly reporting to them, no matter how professional the relationship is, to avoid conflicts of interest.

 

A Good Mentee …

  • Is open to new ideas or concepts and is very enthusiastic to be taught and trained.
  • Is a team-player who can interact well with other people.
  • Takes risks; is not afraid to go beyond the boundaries to learn.
  • Has enough patience to realize that an ambition in life cannot be acquired overnight.
  • Has a positive attitude, even in the midst of a crisis.
  • Demonstrates inventiveness and resourcefulness in any task assigned.
  • Accepts feedback, negative or positive, about behavior and skills, with an intention to improve and learn from it.

 

Mentoring Program Best Practices | What Makes a Good Mentor-Mentee Relationship?

A good mentor-mentee relationship is not just defined by the personality of each participant; instead what the mentor accomplishes with the mentee, and how eager the mentee responds and receives it, is what matters most in such a relationship.

“The purpose of mentoring is to learn. Learning is also the payoff. Make sure the mentee’s learning goals are worthy of your time and effort. Developing robust learning goals takes time and good conversation.” — Center for Mentoring Excellence

 

A good mentor-mentee relationship looks like:

  • A mentor that introduces new opportunities to the mentee, which the latter believes in.
  • A mentor that coaches and sponsors a mentee, which the latter gratefully accepts.
  • A mentor that protects and challenges a mentee, which the latter understands as part of the relationship.
  • A mentor who is a role-model, which the mentee looks up to.
  • A mentor who counsels, which the mentee receives wholeheartedly.
  • A mentor who befriend a mentee, but is still focus enough to achieve the goals of the relationship.
  • A mentor and a mentee who accept and confirm each other’s ideas.

 

A mentor serves as a leader, a teacher, an advocate, an overseer, and an analyst. A mentee on the other hand is a student who is willing to be taught, excited to be coached to success and is ready to embark on a journey towards an enlightening learning experience.

If you’re seeking to take your business to the next level and want to use a mentoring program to elevate achievement and employee satisfaction, especially at the senior level why not reach out for a conversation with me. . .  I can guide you through the process of conceiving your mentoring program as well a the execution of putting the program into place successfully within the company.

If you understand the importance of having a strong mentor on your path to entrepreneurial or corporate success, I am available to assist you in narrowing your mentor search or finding you a mentoring program to suit you individual aspirations. Contact me.

 

Very best wishes for your every success,

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