You’ve just started your first week of running a mentoring program or you’re in your 10th year. You want to know how your work measures up – to tell prospective hires about your exemplary mentoring culture – you could use some outside help.
Corporations and organizations want to get the highest value from their mentoring programs. They want a program structure that gives the highest Return on Investment (ROI). Mentoring programs are established for good reasons but are often do not continue long-term or to provide maximum potential benefit (to the mentors, mentees, and the host organization), and minimum damage.
The highest ROI on mentoring programs comes from using measurably-effective best practices. One long-term corporate Engineering mentoring program was measured at 1,000% ROI by an external analytics firm (Gartner 2006). Very successful programs like this tend to continue, expand, and get even better over time because they provide visible, measurable, repeatable value (Sun 2009).
There has been no international standard for mentoring best practices so – there is no guidance for success: there is nothing against which to measure development. Information about mentoring program success is almost always privately held – so there is very little solid data to compare or learn from. Also, established mentoring programs may not have a structure to reward participants (mentors, mentees, managers of mentors and mentees) with meaningful recognition of their increasing value.
Mentoring Standard presents an international norm for quality and achievement of both mentors and mentoring programs, with associated assessment, accreditation and certification. For participating organizations, comparative analysis reports will be available on development and success patterns, and suggested areas for improvement.
Program participants are rewarded with certification as they develop, recognizing their growth through formal levels: Regular, Advanced, Master, and Distinguished. Certification demonstrates a sustained pattern of leadership and career development, provides objective credentials for an otherwise largely-subjective experience, and exemplifies success. That is, senior mentors use their certification path as a model and guide for their mentees.
Mentoring assessment measures that a program exhibits these key elements:
1. Successful Design and Implementation.
2. Strong Pattern of Improvement.
3. Benefit to Participants and Organization.
4. Good Potential for Future Program Success.
Assessment can help strengthen existing mentoring programs – supporting professionals in reaching their goals and growing their careers – and achieving greater ROI for their company.
With decades of experience with top global companies, Mentoring Standard will work with you to help a thriving program reach new echelons, or guide a struggling program to meet its potential. We can help your organization successfully improve your mentoring program so that it is measurably successful, and passes an assessment by Mentoring Standard with flying colors.
Contact us and we’ll get the conversation started about assessing where you are and where you could go.