Why Corporate Mentoring? Five Benefits of A Workplace Mentoring Program

Transcription

1 Why Corport Mntorin? Fiv Bnfits of A Workplc Mntorin rorm Summry Succssful compnis lr nd smll us mntorin to tckl complx humn rsourc chllns such s incrsin mploy rtntion nd improvin workforc productivity. Corport mntorin is on th ris nd in fct, 71% of Fortun 500 compnis offr mntorin prorms to thir mploys. This ppr xmins how succssful corportions lik Boin, Dutsch Bnk, nd Sun Microsystms hv lvrd mntorin to improv mploy onbordin, ldrship dvlopmnt, nd othr inititivs.

2 Mntorin Ovrviw Sun Microsystms rlsd th rsults of study tht xplord th vlu of mntorin in Octobr of Th study xmind th finncil impct of mntorin nd how Sun could trt its spndin in this r. Th rsrchrs lookd t dt from mor thn 1,000 Sun mploys ovr fiv-yr priod. Th study concludd tht, mntorin hs positiv impct on mntors nd mnts, producin mploys tht r mor hihly vlud by th businss. Th study lso found tht 25% of mploys in tst roup who took prt in th compny s mntorin prorm hd slry rd chn, comprd with 5% of mploys in control roup who did not prticipt in th prorm. Mntors wr promotd 6 tims mor oftn thn thos not in th prorm; mnts wr promotd 5 tims mor oftn thn thos not in th prorm. In ddition rtntion rts wr much hihr for mnts (72%) nd mntors (69%) thn for mploys who did not prticipt in th mntorin prorm (49%). Sourc: Wht is Mntorin? Trditionl mntorin focuss on dvlopin junior mploys (mnts) by pirin thm with mor xprincd nd oftn snior stff (mntors) for svrl months. Thouh this form of mntorin rmins populr, mntorin s strty hs xpndd to includ roup, rvrs, nd situtionl mntorin. Rrdlss of th form mntorin tks, it fcilitts th shrin of knowld, xprtis, skills, insihts nd xprincs throuh dilo nd collbortiv lrnin. It is ol-orintd nd promots profssionl nd prsonl rowth monst prticipnts. Th Objctiv of Mntorin Th cor objctiv of mntorin is to hlp ttrct, motivt, dvlop nd rtin profitbl tlnt whil incrsin productivity. This is furthr lbortd s follows: > To sourc nw mploys nd hlp thm t cquintd with th orniztion nd ccustomd to thir job > To trin nd dvlop xistin mploys to nhnc prformnc > To ncour prsonl nd profssionl rowth nd incrs job stisfction > To idntify nd dvlop mploys with potntil to fill ky ldrship rols > To undrstnd nd rspond to th divrsity nds of th workforc 2 Chronus Corportion

3 #1 Knowld Trnsfr Hrtford Finncil Srvics Group found tht its snior xcutivs wr rluctnt to dopt socil mdi. So it st out to trin thm in th tools nd cultur of socil mdi throuh rvrs mntorin prorm tht hs ntry-lvl mploys in thir 20s tutorin corport officrs. Lunchd with C-suit xcutivs nd lin of businss ldrs, th prorm ws so succssful tht Hrtford xpndd it to includ dirct rports nd slct dprtmnt hds. Rvrs mntorin hs chnd th orniztion fundmntlly, rsin trditionl hirrchis nd flttnin communictions. W v hd xcutivs work with popl six lvls blow thm in th orniztion, sys Lis Bonnr ssistnt V-contmporry work prctics t Hrtford. Sourc: Fiv Bnfits of A Workplc Mntorin rorm Mntorin is n ffctiv strty whnvr thr is nd to rduc th tim it tks to shr knowld, skill or cultur whil continuin to prorss t th currnt pc of businss. Hr r th top fiv scnrios whr mntorin hs provn to b xtrmly ffctiv. Intrnl Knowld Trnsfr Hlpin mploys cquir ncssry knowld, skills nd xprtis is ssntil for ny orniztion. Mntorin is n ffctiv pproch to orniz, crt, cptur nd distribut knowld. It supports short nd lonr-trm situtionl nd topicl lrnin btwn individuls nd roups. It rducs th tim rquird for knowld trnsfr by providin dirct ccss to rn of xprts nd prs who cn shr th rquird knowld nd skills in n nvironmnt tht promots rpid lrnin. Bnfits Mntorin is complimntry to stblishd trinin prorms. Howvr mntorin rltionships mpowr mploys in wys mnuls, intrnts nd trinin prorms cn t. Mntorin crts cultur, whr lrnin nd th shrin of knowld bcoms prt of th dily fbric rthr thn forcd tsk. 3 Chronus Corportion

4 #2 Ldrship Dvlopmnt KMG strtd its Ldrs Enin Ldrs prorm, lookin to xpnd opportunitis for divrs roup of mnrs. Th mntorin prorm pirs 60 top mnrs with mmbrs of th mnmnt committ, th bord of dirctors, nd ntionl mnin prtnrs. It ivs th most snior ldrs in th firm n opportunity to n with cross sction of ldrs tht thy normlly wouldn t s in thir dy jobs, sys Kthy Hnnn, mnin prtnr for corport rsponsibility nd divrsity. Th prorm lso shows mnts tht just bcus thr r only fw runs of th corport lddr lft, it dosn t mn thy r stuck in th jobs thy r doin now. Svrl popl in Ldrs Enin Ldrs hv tkn on mor sinificnt ldrship rols, includin on who hs joind th bord of dirctors. KMG is currntly lookin to xpnd th prorm. Th ol is ultimtly to driv it down dpr into th orniztion, Hnnn sys. It rlly hlps with rtntion nd ivs folks lin of siht to numbr of opportunitis cross th firm. Sourc: Sourc: Thrfor from n orniztion s point of viw, mntorin shortns th lrnin curv, nhncs productivity nd hlps mploys lin to businss strty. Crr lnnin & Ldrship Dvlopmnt Undrstndin ky mploys crr objctivs nd idntifyin how thy cn b lind with th orniztion s ols is criticl to rtinin skilld mploys nd dvlopin futur ldrs. Mntorin srvs s pltform for orniztions to discuss mploys crr ols nd offr dvlopmnt opportunitis nd uidnc to mploys who r willin to dvnc profssionlly. It lso cts s tool to nhnc th qulity of ldrship within ky individuls nd within th orniztion. Convrsly, mntorin prtnrships hlp mploys undrstnd wht thy wnt from thir crr, nd utiliz th ssistnc offrd by orniztions to chiv thir crr objctivs. Bnfits Th collbortiv ntur of mntorin nsurs tht it simultnously focuss on th dvlopmnt of individuls nd th dvlopmnt of intrprsonl links btwn ths individuls tht form th orniztion. Thrfor it srvs s foundtion for both crr dvlopmnt nd ldrship dvlopmnt t th sm tim. 4 Chronus Corportion

5 #3 Divrsity Dutsch Bnk found tht in th ftrmth of th finncil crisis, divrs workforc hd bcom vn mor of priority for finncil srvic compnis. Intrnl compny rsrch rvld tht fml mnin dirctors who hd lft th firm did so bcus thy wr offrd bttr positions lswhr. In rspons, Dutsch Bnk crtd sponsorship prorm imd t ssinin womn to criticl posts. Th compny pird fml xcutivs with xcutiv committ mmbrs who srvd s mntors. This not only risd th womn s visibility, but lso nsurd tht thy would hv powrful dvoct whn promotions wr bin considrd. As rsult of this mntorin prorm, on third of th prticipnts wr in lrr rols, nd nothr third hd bn dmd rdy to mov up by snior mnmnt. Sourc: Mntorin nhncs mploy prformnc, incrss productivity, boosts mploy rtntion nd fostrs vision. It lso improvs mploy morl, incrss job stisfction nd nndrs mploy loylty. Divrsity Inititivs A divrs workforc is rquird to stimult innovtion, cultivt crtivity, nd str businss strtis. Mntorin mpowrs divrs rn of mploys to shr thir opinions, ids, knowld nd xprincs on lvl plyin fild. Bnfits Mntorin crts n nvironmnt of trust, blonin, undrstndin, support nd ncourmnt for divrs workforc. It ivs mploys n opportunity to voic thir concrns, ovrcom hurdls nd find solutions. As rsult it inspirs mploys to prform to thir hihst bility. Mntorin not only hlps orniztions dvlop nd rtin divrs tlnt, it lso hlps build robust piplin of divrs tlnt for th futur. Th ffcts of divrsity mntorin hlp corportions diffrntit thm from thir comptitors, in nw clints nd bcom succssful on lobl scl. 5 Chronus Corportion

6 #4 Onbordin Dloitt LL lost 9% of its rcruits in 2007 nd incurrd ttrition costs of mor thn $8 million ch yr. In rspons, Dloitt dvlopd nw onbordin xprinc for th pproximtly 9,000 popl tht wr nwly hird in A potntil nw hir is ssind pr dvisor/mntor who mks contct with him/hr bfor h/sh joins th orniztion. This mntorin rltionship continus throuh th nw hir s first yr of mploymnt. Onbordin continus with two-dy intrctiv trinin sssion, ccss to n intrnl ntworkin sit, nd prsonlizd cochin opportunitis. As rsult of this prorm, 89% of nw hirs survyd sid thy flt wlcom, nd 87% prcnt sid thy knw how to ccss th informtion thy ndd. Dloitt s prcnt of nw rcruits lost in 2008 fll by nrly full prcnt point. Sourc: Onbordin Nw Employs Whil dlin with n incrsinly mobil nd loblizd workforc, it is ssntil for orniztions to hlp nw hirs in th knowld nd skills rquird to bcom ffctiv mploys. It is lso importnt for ths nw hirs to rciv hlp to cclimtiz thmslvs to th cultur of thir nw orniztion. Mntorin is n fficint mthod to rduc th tim to comptncy for nw mploys. It links nw hirs to rn of spcilists, prs, nd mnrs who cn not only provid th ncssry informtion nd knowld, but lso hlp nw hirs fl comfortbl in nw nvironmnt. Bnfits Group mntorin is prticulrly usful whil onbordin nw mploys, whr nw hirs r linkd to collus in th form of pr roup mntorin. Th nw mploy bnfits from stblishin multipl connctions. Th vrid knowld ccssd by th nw hir plus th intrction within th roup r wht mk onbordin prorms succss. Mntorin to chiv onbordin lso hlps nw hirs dvlop ky connctions nd ntworks tht r criticl to thir futur succss. From n orniztion s stndpoint, mntorin hlps nw hirs bcom productiv fstr nd mbrc compny cultur. It lso dmonstrts th orniztion s commitmnt to nw mploys crrs, which bonds nw hirs to th orniztion. 6 Chronus Corportion

7 #5 Employ Enmnt Boin is full of briht nd tlntd mploys nd thr r numrous mntorin opportunitis. So whr is th vlu in compny-wid mntorin pproch? In 2007, Rick Stphns, Snior Vic rsidnt, Humn Rsourcs sid, Within th nxt fiv yrs, tns of thousnds of Boin mploys will b liibl for rtirmnt. Consquntly, th comptition to idntify, ttrct, rtin nd dvlop top tlnt will b firc. W r lookin t potntil mjor shortflls in skills nd lbor. Sinc it s likly w ll hv mor ood jobs thn qulifid popl, ll hnds must b rdid, nd vry mind must b prprd to contribut, shrd Stphns. This prorm is structurd round bst prctics to mk our mntorin world-clss nd strnthn popl in wys othr mthods cnnot, h xplind. Mntorin is ky componnt in Boin s riorous pursuit to dvlop currnt nd futur ldrs. As prt of th ldrs tchin ldrs pproch, mntorin ivs ldrs th opportunity to lrn s wll s to dfin nd modl ldrship, Stphns sid. Sourc: Employ Enmnt In tody s voltil businss world, it is xtrmly importnt for orniztions to b bl to n mploys in such wy tht thy r intllctully nd motionlly committd to ccomplishin thir work nd th vision of th orniztion. Mntorin hlps ch mploy idntify thmslvs s vitl prt of th orniztion nd crts hihtnd lvl of ownrship whr ch mploy wnts to do whtvr thy cn for th rtr ood of th orniztion s whol. Bnfits Mntorin rltionships incrs mploy nmnt by offrin spc for dilou nd rulr fdbck. As rsult, mntorin crts clrity on vrious issus such s th importnc of on s rol, job xpcttions, crr dvncmnt nd rwrd. Mntorin lso nhncs mploy communictions nd improvs th qulity of workin rltionships with prs, supriors nd subordints. Ths fctors cumultivly contribut to improvin mploy nmnt nd ultimtly ld to n incrs in customr stisfction, mploy productivity nd mploy rtntion. 7 Chronus Corportion

8 About Chronus Chronus hrnsss th powr of humn connctions to n, dvlop nd rtin tlnt within orniztions. Our softwr solutions fostr lrnin nd shortn tim to comptncy throuh mntorin, cochin, nd socil lrnin. Evry dy, ldin orniztions worldwid rly on Chronus to driv tlnt nd crr dvlopmnt prorms. Rfrncs pdf html Crm-of-th-Crop-th-Rst-of-th-BEST Chiw, N. (2012, Jun). Mntorin, your rod mp to succss. HRCI Crtifid, Chronus Mntor is softwr to strt, mn, nd msur mntorin prorms onlin. This confiurbl, cloud-bsd solution is idl for us by corportions, ovrnmnt ntitis, cdmic institutions nd ssocitions. Contct Chronus Corportion for mor informtion: hon: hon: Fx: E-mil us: 8 Chronus Corportion 8201, 164th Av NE Suit 200, Rdmond, WA [email protected]