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Building a Successful
Mentoring Program
Robert McCauley computer, office supplies, A confidant is useful for explain-
A perhaps some paperwork to
sign. When it comes to welcoming
ing aspects of an organization that
are sometimes not obvious to a
new employees to the company, newcomer. For example, mentors
most managers stick to these and can provide insight into the prevail-
a handful of other basics. To truly ing culture of a company, including
prepare incoming workers for the preferred modes of communi-
success, however, at least one addi- cation and other often unspoken
tional item is necessary: a mentor. rules. These programs also show
Unfortunately, few companies that the company is concerned
have mentoring programs in place. about encouraging the professional
According to a recent survey by growth of its employees, creating
Robert Half, a majority (58%) of a positive work environment, and
chief financial officers polled said ultimately, enhancing retention
it's uncommon for entry-level rates. In short, a trusted mentor
employees to be matched with men- can help a new employee form
tors, either formally or informally, a bond with the company and
in their organizations (see Figure 1). foster loyalty.
Mentoring, however, is a valuable Of course, it's not just new
way to transfer knowledge, foster employees who benefit from men-
talent, and promote best practices. toring. Selection for an advisory role
By pairing any new hire, whether provides mentors with reassurance
entry level or experienced, with a that their contributions are highly
veteran employee, companies can valued, which can increase their
help workers get up to speed quickly own confidence and job satisfaction.
and make immediate contributions At the same time, serving as a
to the firm. mentor enhances leadership skills.
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Figure 1: Mentoring Programs meet. This option is ideal if you're not completely
CFOs were asked, "How common is it for you to sure how best to facilitate the program, or you lack
assign mentors, either formally or informally, to the internal resources to manage it.
entry-level employees within your accounting and
finance departments?" Selecting Participants
When selecting mentors for your program, it's
Don't Know,
important to choose people who not only exhibit
4% Very Common, qualities you want others to emulate but who also are
13%
excellent communicators and coaches. They must have
the ability to provide support and guidance without
micromanaging their proteges. Often, these attributes
are less a function of yeai"s on the job and more a
Somewhat matter of well-developed people skills. In addition,
Common,
you should choose professionals who have a positive
25%
attitude about their jobs.
To achieve the goals of your program, you may
Not At All discover that the best mentors are outside the depart-
Common, ment. For instance, if you want a new employee to build
58% public speaking skills, he/she may benefit from working
with a marketing manager who gives presentations on
a regular basis. You may even want to create a team of
which can position an employee for career advancement mentors who possess different skill sets and expertise.
opportunities within the organization. They can work with mentees on a rotating basis,
allowing participants to learn more about a variety
Laying the Groundwork of specialties and ensuring a more effective transfer
It's important to define your objectives clearly before of knowledge.
beginning a mentoring program. For instance, if your
primary goal is to ensure new employees are productive Providing Direction
from their first day on the job, you may want to pair Look for common ground when matching mentors
participants with workers who can help the new with mentees. Shared experiences such as growing
hires build time- and project-management skills or up in the same hometown or having similar hobbies
proficiency with proprietary software can create an
applications. instant rapport
Next, you'll need to determine It's not just new employees who and improve the
whether to pursue a formal or informal benefit from rnentoring. Selection chances for long-
program. A fornial approach typically term success.
for an advisory role provides
requires a larger time commitment, Those serving in
as you'll be responsible for assigning mentors with reassurance that their an advisory capacity
mentors to mentees and overseeing contributions are highly valued, must know their
the relationships; however, because it's responsibilities. The
which can increase their own
more structured, this method may be difference between
more efficient in the long run. You also confidence and job satisfaction. offering guidance
can design the program so employees and supervision
who participate receive financial should be explained
or other rewards, such as a spot bonus or added carefully. Remind mentors that insights based on
vacation time. personal experience are more valuable than giving
An informal program encourages participation but orders or solving every dilemma presented to them.
doesn't define specific procedures with predetermined Likewise, mentees need to understand how the rela-
expectations. Employees decide how and when they tionship will work. For instance, will their mentors
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