How to Position Mentoring for Strategic Talent Development

June 08, 2011
There are many benefits of formal corporate mentoring program as a talent development strategy. For example, mentoring can be a cost-effective alternative or complement to traditional training programs, and a formal mentoring programís alignment with critical business objectives can be clearly measured and demonstrated. For mentoring programs, which can be particularly challenging to manage, measure and track, itís especially critical to build a strong business case that clearly defines program objectives, impact and success measurements. How exactly can leaders build a successful business case?

How to Build a Business Case Using the SPUD Method Ė Support, Position, Use, Demonstrate

Support: Gain Support from your HR and executive sponsors. Identify the key stakeholders within your organization, and determine who will implement and manage the program.

Position: Position mentoring as a business strategy. Identify advantages and challenges of the implementing a mentoring program, identify and area of business that mentoring would immediately benefit, and determine what compelling key data is needed to support the need for formal mentoring in that specific area.

Utilize: Utilize mentoring in a targeted fashion. Determine how exactly a mentoring program will help improve that specific area of your business, down to specific statements describing what the mentees will learn, and how mentors can assist in that learning process.

Demonstrate: Demonstrate the success of the program. Determine the success measurements for all participants that are unique to your organization, mentoring audience, and specific business objectives. Some examples may include: Mentees initiating fewer meetings over time, ease of acclimation to corporate culture, closing a skills gap, reduced time-to-productivity for new hires, fewer resources, time and costs spent on traditional training programs. In addition, understand how various upcoming events, projects or external influences could potentially affect the timing and success of program roll-out, and adjust realistic metrics accordingly.

Insalaís M*O*R*E (Mentoring Readiness and Effectiveness) Workshop

Insala helps organizations implement mentoring programs as a talent development strategy with measurable results. The M*O*R*E Workshop (mentoring readiness workshop) ) is a 1-day expert-led strategy workshop in which key decision makers and stakeholders of your mentoring program will determine the precise strategic reason for implementing a mentoring program, and create the most successful plan for your mentoring program in a collaborative setting. With the M*O*R*E Workshop, your organization will gain assistance with all the necessary elements for successful and sustainable program implementation, including: Setting specific business objectives, setting appropriate success metrics based on your objectives, creating a best-practice communication plan, identifying key advantages and challenges of implementation, creating informative training and orientation content, identifying critical process components, and whether to use a mentoring software solution to ensure complete tracking and reporting of success measurements, and more.

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