Building Successful Mentorship Programs: What You Need to Know
Mentorship is an important part of any leadership development program. But should you formalize something that is often most powerful in its informal state? Having participated in and supported many different styles of mentorship program over the course of my career I believe the answer is often ‘yes,’ but beware that as often as mentorship programs are helpful, creating stronger leaders, stronger corporate culture and greater employee engagement, they can just as easily be a waste of an organization’s time and resources.
Understanding Mentorship Programs
Mentorship programs, such as corporate mentoring programs and formal mentoring programs within professional associations, are structured relationships within organizations that facilitate knowledge transfer and guidance between experienced and less experienced individuals. These programs offer invaluable opportunities for:
- Personal and professional development
- Fostering high retention and engagement rates
- Strengthening corporate cultures
- Enabling knowledge sharing between organizational leaders and less experienced employees
- Passing on industry experience and perspective
When designed and implemented effectively, both mentors and mentees often report that they are more productive thanks to their mentoring experience…
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