SlideShare a Scribd company logo
Mentoring
Business Case Template
©️ Art of Mentoring Pty Ltd ABN 31 620 225 372
Restriction on use and disclosure of discussion document information
The information contained in these documents and associated online links
and demonstrations constitute information that is considered proprietary. It
is furnished to the recipients of this document in confidence, with the
understanding that it will not, without the permission of Art of Mentoring, be
used or disclosed for other than evaluation purposes.
Why mentoring?
Program Purpose and Goals
Program Specification
Measuring success
Resourcing the program
Benefits and Risks
ROI
Are you ready?
CONTENTS
01
www.artofmentoring.net | 2
02
03
04
05
06
07
08
1. Allen, T. D., Eby, L. T., Poteet, M. L., Lentz, E., & Lima, L. (2004). Career benefits associated with
mentoring for proteges: A meta-analytic review. Journal of Applied Psychology, 89, 127–136.
2. Sun Microsystems Study (2009), downloaded from
http://spcoast.com/pub/Katy/SunMentoring1996-2009.smli_tr-2009-185.pdf
WHY
MENTORING
Mentees have higher
career satisfaction,
higher jobsatisfaction
as well as greater
intention to stay1
Compensation and
promotion is higherin
mentored individuals1
Mentees are promoted
5 x moreoften2
In a study by Sun,
retention amongst
mentees (72%)and
mentors (69%) was
favourably compared to
organisational rate of
49%2.
Sun claims to have made
$6.7 million in savings
in avoided turnover and
replacement costs2.
www.artofmentoring.net | 3
PURPOSE
Why mentoring for your organisation? What organisational
objectives will a mentoring program address? What is the
overarching reason for implementing this mentoring initiative?
PURPOSE AND GOALS
GOALS
What are the specific objectives of the program?
1. Program outcomes e.g. (number of participants)
2. Mentoring relationship outcomes
(e.g. high satisfaction rate with partner)
3. Mentee and Mentors outcomes
(e.g. better network, gain promotion, learn new skills, give
back to the organisation or profession)
4. Organisational outcomes (e.g. improve diversity,
strengthen leadership bench, effective onboarding of new
staff, increase engagement and retention).
This is (or is linked to) PURPOSE
Get Key stakeholders to
agree to this before
you go any further.
All other decisionsflow
from this page.
See Goal Setting | The Ripple Effect | Case Studies | Benchmark Report (view in Presentation mode to access links)
4
www.artofmentoring.net |
PROGRAM
SPECIFICATIONS
See The Ripple Effect | Case Studies (view in Presentation mode to access links)
1. Don’t be tootempted
by fads. Tried and
true mentoring
formats work!
2. Program events
help keepMentees
engaged and provide
opportunities for
further learning
by Mentors.
TYPE OF MENTORING
Is it a standard 1:1 program or something different?
DEGREE OF STRUCTURE
How formal or structured do you want the program to be? Informal
programs are less time-intensive to manage but may have a much
higher drop-out rate.
PROGRAM EVENTS
How many and what type of program events will be included?
PROGRAM DELIVERY MODE
Will your program be face-to-face, virtual or a hybrid of these? This
includes program events as well as how the mentoring pairs will
engage. Face-to-face events for big groups can be costly but may
help drive more engagement.
5
www.artofmentoring.net |
1. Build your goals into
survey questions for
participants
2. Consider post-
programmeasurement
as well (e.g. how
many were promoted/
retained/engagement
results).
MEASURING
SUCCESS
How will you measure what has been achieved by Mentees,
Mentors and the program?
When will you measure and by what means? (e.g. surveys, focus
groups, individual interviews, discussion at program events)
See Goal Setting | The Ripple Effect | Benchmark Report
(view in Presentation mode to access links)
6
www.artofmentoring.net |
Who will manage the program? Is there someone internal
to do this or will you outsource it?
Apart from a program manager, what resources will the
program need?:
• Technology
(e.g. videoconferencing, mentoring software)
• Training materials
• Supporting tools and templates for use by Mentees
and Mentors
• Travel budget, venues for meeting
Will you create your own or buy them?
What are the costs involved to successfully set up,
launch, implement and review the program?
RESOURCING
1. Best to plan this at the
outset so you can
create a budget
2. Don’t skimp on resources
– it greatlyaffects
program quality
Item Estimated Cost
Program Manager time
Mentoring Software
Other Technology
Resources
Travel, venue
Other
TOTAL
Cost per pair
7
www.artofmentoring.net |
Think about risks to:
1. Implementation
2. Impact on stakeholders
– e.g. who might resist
a program targeted to
special interestgroups?
3. Would a poorly run
program be worse than
no program at all?
4. Go back and re-work any
other sections that needit
after identifying risks
BENEFITS & RISKS
What are the anticipated benefits and results
of investing time, resources and money into
this mentoring program?
What are the potential risks to program success and how
could these be mitigated?
See Common Pitfalls | Getting Value for Money
(view in Presentation mode to access links)
8
www.artofmentoring.net |
RETURN
ON INVESTMENT
CALCULATIONS
Improvement in
Employer ofChoice
ratings
Job satisfactionscores
and intention tostay
Improved
performanceof
mentors as well
as mentees.
Job mobility.
Diversity and
Inclusion results
Retention
rate
ROI
PROGRAM
COST (PC)
R
D
E
A
9
www.artofmentoring.net |
ROI
RETAIN
DEVELOP
ENGAGE
ATTRACT
MY ROI
CALCULATIONS
Using Retention alone, a 10 point*
improvement in a 50-pair mentoring program
with average salary of $80,000 per annum
would save the cost of replacing 10people.
10 x $80,000 x 0.5 = $400,000
(assume replacement cost = 0.5 times salary).
ROI = $400,000 / $50,000 = 8x i.e 800%
* In the Sun Microsystems study, there was a 20 point improvement in retention
and ROI was calculated at more than 1000%. 10
www.artofmentoring.net |
PROGRAM
COST (PC)
$ $
$ $ $
ARE YOU READY?
What are others in your profession, industry or market doing with
regard to mentoring programs and what can you learn from them?
Is your organisation ready for mentoring and is mentoring the right
intervention now? Take this Readiness Self Assessment to check if
you are ready.
Summarise evidence that supports organisational readiness for your
mentoring program. If your organisation is not ready now, what will
you do about this?
Book a free
consultation
See Goal Setting | The Ripple Effect | Case Studies | Benchmark Report
(view in Presentation mode to access links)
11
www.artofmentoring.net |
MEET PEOPLE AND
CULTURE
CHALLENGES AND
ACHIEVE
GREAT THINGS
QUESTIONS?
Contact us for a complimentary*
Situation Analysis Session
Book a free
consultation
* Free if your organisation qualifies
12
www.artofmentoring.net |
©️ Art of Mentoring Pty Ltd ABN 31 620 225 372
Restriction on use and disclosure of discussion document information
The information contained in these documents and associated online links and demonstrations constitute information
that is considered proprietary. It is furnished to the recipients of this document in confidence, with the understanding
that it will not, without the permission of Art of Mentoring, be used or disclosed for other than evaluation purposes.
Contact information:
ALEX RICHARDSON
m +61 406 737 422
t: +612 9113 7265
e: alex@artofmentoring.net
THANK
YOU
Thank you for taking the
time to find out more
about Art of Mentoring.
If you would like any
additional information or
to discuss how we can
work together, contact
our team today.
13
www.artofmentoring.net |

More Related Content

Similar to Mentoring-Business-Case-Template-v4 (1).pptx

Developing Talent and Tapping into Potential Through Corporate Mentoring
Developing Talent and Tapping into Potential Through Corporate MentoringDeveloping Talent and Tapping into Potential Through Corporate Mentoring
Developing Talent and Tapping into Potential Through Corporate Mentoring
TalentManagement360.com
 
Cracking The Business Case For Learning Code
Cracking The Business Case For Learning CodeCracking The Business Case For Learning Code
Cracking The Business Case For Learning Code
Workforce Group
 
Webinar: Stakeholder Management Engaging The Organisation For Results
Webinar: Stakeholder Management Engaging The Organisation For ResultsWebinar: Stakeholder Management Engaging The Organisation For Results
Webinar: Stakeholder Management Engaging The Organisation For Results
Ali Zeeshan
 
Stakeholder engagement guidance note
Stakeholder engagement guidance noteStakeholder engagement guidance note
Stakeholder engagement guidance note
Association for Project Management
 
Eco Perks Logic Model
Eco Perks Logic ModelEco Perks Logic Model
Eco Perks Logic Model
ecoperks
 
LinkedIn Talent Insights Launch Guide for Program Managers
LinkedIn Talent Insights Launch Guide for Program ManagersLinkedIn Talent Insights Launch Guide for Program Managers
LinkedIn Talent Insights Launch Guide for Program Managers
Pamela Foo
 
Does Your Organization Need a Better Technology Roadmap?
Does Your Organization Need a Better Technology Roadmap?Does Your Organization Need a Better Technology Roadmap?
Does Your Organization Need a Better Technology Roadmap?
Community IT Innovators
 
'InnovateVirtual' Targeted Communication
'InnovateVirtual'  Targeted Communication 'InnovateVirtual'  Targeted Communication
'InnovateVirtual' Targeted Communication
Eric Bruggeman ET
 
Learning the missing link in your talent management solution
Learning   the missing link in your talent management solutionLearning   the missing link in your talent management solution
Learning the missing link in your talent management solution
Taleo Research
 
Developing a CBE Industry Partner Program Faculty Development Model - Compete...
Developing a CBE Industry Partner Program Faculty Development Model - Compete...Developing a CBE Industry Partner Program Faculty Development Model - Compete...
Developing a CBE Industry Partner Program Faculty Development Model - Compete...
Becky Lopanec
 
Measuring impact
Measuring impactMeasuring impact
Nine Steps to Making Your Interviewing System World-Class
Nine Steps to Making Your Interviewing System World-ClassNine Steps to Making Your Interviewing System World-Class
Nine Steps to Making Your Interviewing System World-Class
DDI | Development Dimensions International
 
Apprenticeship journey in a digital age
Apprenticeship journey in a digital ageApprenticeship journey in a digital age
Apprenticeship journey in a digital age
Jisc
 
Tips For Developing A Successful Remote Interview Process
Tips For Developing A Successful Remote Interview ProcessTips For Developing A Successful Remote Interview Process
Tips For Developing A Successful Remote Interview Process
AbishAlathukattil
 
Blueprint to online success - how to roll out a new digital marketing program...
Blueprint to online success - how to roll out a new digital marketing program...Blueprint to online success - how to roll out a new digital marketing program...
Blueprint to online success - how to roll out a new digital marketing program...Loic Jeanjean
 
If You Build It, Will They Come? - How to Increase Learning Adoption
If You Build It, Will They Come? - How to Increase Learning AdoptionIf You Build It, Will They Come? - How to Increase Learning Adoption
If You Build It, Will They Come? - How to Increase Learning Adoption
B.J. Schone
 
MENTORING-FA-20MAY-LOWRES-SPREADS
MENTORING-FA-20MAY-LOWRES-SPREADSMENTORING-FA-20MAY-LOWRES-SPREADS
MENTORING-FA-20MAY-LOWRES-SPREADSSarah Schacht
 
E20 Summit: Accelerate Your Path to Value with Adoption Best Practices
E20 Summit: Accelerate Your Path to Value with Adoption Best Practices E20 Summit: Accelerate Your Path to Value with Adoption Best Practices
E20 Summit: Accelerate Your Path to Value with Adoption Best Practices
Claire Flanagan, MBA
 
Executive Development Programs (EDP)
Executive Development Programs (EDP)Executive Development Programs (EDP)
Executive Development Programs (EDP)
Venkadesh Narayanan
 

Similar to Mentoring-Business-Case-Template-v4 (1).pptx (20)

Developing Talent and Tapping into Potential Through Corporate Mentoring
Developing Talent and Tapping into Potential Through Corporate MentoringDeveloping Talent and Tapping into Potential Through Corporate Mentoring
Developing Talent and Tapping into Potential Through Corporate Mentoring
 
Cracking The Business Case For Learning Code
Cracking The Business Case For Learning CodeCracking The Business Case For Learning Code
Cracking The Business Case For Learning Code
 
Webinar: Stakeholder Management Engaging The Organisation For Results
Webinar: Stakeholder Management Engaging The Organisation For ResultsWebinar: Stakeholder Management Engaging The Organisation For Results
Webinar: Stakeholder Management Engaging The Organisation For Results
 
Stakeholder engagement guidance note
Stakeholder engagement guidance noteStakeholder engagement guidance note
Stakeholder engagement guidance note
 
Eco Perks Logic Model
Eco Perks Logic ModelEco Perks Logic Model
Eco Perks Logic Model
 
LinkedIn Talent Insights Launch Guide for Program Managers
LinkedIn Talent Insights Launch Guide for Program ManagersLinkedIn Talent Insights Launch Guide for Program Managers
LinkedIn Talent Insights Launch Guide for Program Managers
 
Does Your Organization Need a Better Technology Roadmap?
Does Your Organization Need a Better Technology Roadmap?Does Your Organization Need a Better Technology Roadmap?
Does Your Organization Need a Better Technology Roadmap?
 
'InnovateVirtual' Targeted Communication
'InnovateVirtual'  Targeted Communication 'InnovateVirtual'  Targeted Communication
'InnovateVirtual' Targeted Communication
 
Learning the missing link in your talent management solution
Learning   the missing link in your talent management solutionLearning   the missing link in your talent management solution
Learning the missing link in your talent management solution
 
Developing a CBE Industry Partner Program Faculty Development Model - Compete...
Developing a CBE Industry Partner Program Faculty Development Model - Compete...Developing a CBE Industry Partner Program Faculty Development Model - Compete...
Developing a CBE Industry Partner Program Faculty Development Model - Compete...
 
Measuring impact
Measuring impactMeasuring impact
Measuring impact
 
Nine Steps to Making Your Interviewing System World-Class
Nine Steps to Making Your Interviewing System World-ClassNine Steps to Making Your Interviewing System World-Class
Nine Steps to Making Your Interviewing System World-Class
 
Apprenticeship journey in a digital age
Apprenticeship journey in a digital ageApprenticeship journey in a digital age
Apprenticeship journey in a digital age
 
Tips For Developing A Successful Remote Interview Process
Tips For Developing A Successful Remote Interview ProcessTips For Developing A Successful Remote Interview Process
Tips For Developing A Successful Remote Interview Process
 
Blueprint to online success - how to roll out a new digital marketing program...
Blueprint to online success - how to roll out a new digital marketing program...Blueprint to online success - how to roll out a new digital marketing program...
Blueprint to online success - how to roll out a new digital marketing program...
 
If You Build It, Will They Come? - How to Increase Learning Adoption
If You Build It, Will They Come? - How to Increase Learning AdoptionIf You Build It, Will They Come? - How to Increase Learning Adoption
If You Build It, Will They Come? - How to Increase Learning Adoption
 
PPDA_Profile_New_email
PPDA_Profile_New_emailPPDA_Profile_New_email
PPDA_Profile_New_email
 
MENTORING-FA-20MAY-LOWRES-SPREADS
MENTORING-FA-20MAY-LOWRES-SPREADSMENTORING-FA-20MAY-LOWRES-SPREADS
MENTORING-FA-20MAY-LOWRES-SPREADS
 
E20 Summit: Accelerate Your Path to Value with Adoption Best Practices
E20 Summit: Accelerate Your Path to Value with Adoption Best Practices E20 Summit: Accelerate Your Path to Value with Adoption Best Practices
E20 Summit: Accelerate Your Path to Value with Adoption Best Practices
 
Executive Development Programs (EDP)
Executive Development Programs (EDP)Executive Development Programs (EDP)
Executive Development Programs (EDP)
 

More from Shree Shree

10 rectangular options.pptx
10 rectangular options.pptx10 rectangular options.pptx
10 rectangular options.pptx
Shree Shree
 
1732002B.pptx
1732002B.pptx1732002B.pptx
1732002B.pptx
Shree Shree
 
9D52BDFC.pptx
9D52BDFC.pptx9D52BDFC.pptx
9D52BDFC.pptx
Shree Shree
 
865FC50.pptx
865FC50.pptx865FC50.pptx
865FC50.pptx
Shree Shree
 
9DE46AD6.pptx
9DE46AD6.pptx9DE46AD6.pptx
9DE46AD6.pptx
Shree Shree
 
20DE6DE0.pptx
20DE6DE0.pptx20DE6DE0.pptx
20DE6DE0.pptx
Shree Shree
 
2108-EN-TP-PhenomEssentialTalentAcquisitionToolkit.pdf
2108-EN-TP-PhenomEssentialTalentAcquisitionToolkit.pdf2108-EN-TP-PhenomEssentialTalentAcquisitionToolkit.pdf
2108-EN-TP-PhenomEssentialTalentAcquisitionToolkit.pdf
Shree Shree
 
2C0A56C5.pptx
2C0A56C5.pptx2C0A56C5.pptx
2C0A56C5.pptx
Shree Shree
 
1EF5E174.pptx
1EF5E174.pptx1EF5E174.pptx
1EF5E174.pptx
Shree Shree
 
1BB40E18.pptx
1BB40E18.pptx1BB40E18.pptx
1BB40E18.pptx
Shree Shree
 
8D0ECBB0.pptx
8D0ECBB0.pptx8D0ECBB0.pptx
8D0ECBB0.pptx
Shree Shree
 
D1586BA6.pptx
D1586BA6.pptxD1586BA6.pptx
D1586BA6.pptx
Shree Shree
 
FB09958.pptx
FB09958.pptxFB09958.pptx
FB09958.pptx
Shree Shree
 
13072EF.pptx
13072EF.pptx13072EF.pptx
13072EF.pptx
Shree Shree
 
E65B78F3.pptx
E65B78F3.pptxE65B78F3.pptx
E65B78F3.pptx
Shree Shree
 
355C162.pptx
355C162.pptx355C162.pptx
355C162.pptx
Shree Shree
 
795589F6.pptx
795589F6.pptx795589F6.pptx
795589F6.pptx
Shree Shree
 
AD177DF3.pptx
AD177DF3.pptxAD177DF3.pptx
AD177DF3.pptx
Shree Shree
 
961F1B3A.pptx
961F1B3A.pptx961F1B3A.pptx
961F1B3A.pptx
Shree Shree
 
5F2D461.pptx
5F2D461.pptx5F2D461.pptx
5F2D461.pptx
Shree Shree
 

More from Shree Shree (20)

10 rectangular options.pptx
10 rectangular options.pptx10 rectangular options.pptx
10 rectangular options.pptx
 
1732002B.pptx
1732002B.pptx1732002B.pptx
1732002B.pptx
 
9D52BDFC.pptx
9D52BDFC.pptx9D52BDFC.pptx
9D52BDFC.pptx
 
865FC50.pptx
865FC50.pptx865FC50.pptx
865FC50.pptx
 
9DE46AD6.pptx
9DE46AD6.pptx9DE46AD6.pptx
9DE46AD6.pptx
 
20DE6DE0.pptx
20DE6DE0.pptx20DE6DE0.pptx
20DE6DE0.pptx
 
2108-EN-TP-PhenomEssentialTalentAcquisitionToolkit.pdf
2108-EN-TP-PhenomEssentialTalentAcquisitionToolkit.pdf2108-EN-TP-PhenomEssentialTalentAcquisitionToolkit.pdf
2108-EN-TP-PhenomEssentialTalentAcquisitionToolkit.pdf
 
2C0A56C5.pptx
2C0A56C5.pptx2C0A56C5.pptx
2C0A56C5.pptx
 
1EF5E174.pptx
1EF5E174.pptx1EF5E174.pptx
1EF5E174.pptx
 
1BB40E18.pptx
1BB40E18.pptx1BB40E18.pptx
1BB40E18.pptx
 
8D0ECBB0.pptx
8D0ECBB0.pptx8D0ECBB0.pptx
8D0ECBB0.pptx
 
D1586BA6.pptx
D1586BA6.pptxD1586BA6.pptx
D1586BA6.pptx
 
FB09958.pptx
FB09958.pptxFB09958.pptx
FB09958.pptx
 
13072EF.pptx
13072EF.pptx13072EF.pptx
13072EF.pptx
 
E65B78F3.pptx
E65B78F3.pptxE65B78F3.pptx
E65B78F3.pptx
 
355C162.pptx
355C162.pptx355C162.pptx
355C162.pptx
 
795589F6.pptx
795589F6.pptx795589F6.pptx
795589F6.pptx
 
AD177DF3.pptx
AD177DF3.pptxAD177DF3.pptx
AD177DF3.pptx
 
961F1B3A.pptx
961F1B3A.pptx961F1B3A.pptx
961F1B3A.pptx
 
5F2D461.pptx
5F2D461.pptx5F2D461.pptx
5F2D461.pptx
 

Recently uploaded

DOC-20240602-WA0001..pdf DOC-20240602-WA0001..pdf
DOC-20240602-WA0001..pdf DOC-20240602-WA0001..pdfDOC-20240602-WA0001..pdf DOC-20240602-WA0001..pdf
DOC-20240602-WA0001..pdf DOC-20240602-WA0001..pdf
Pushpendra Kumar
 
一比一原版(QU毕业证)皇后大学毕业证如何办理
一比一原版(QU毕业证)皇后大学毕业证如何办理一比一原版(QU毕业证)皇后大学毕业证如何办理
一比一原版(QU毕业证)皇后大学毕业证如何办理
yuhofha
 
RECOGNITION AWARD 13 - TO ALESSANDRO MARTINS.pdf
RECOGNITION AWARD 13 - TO ALESSANDRO MARTINS.pdfRECOGNITION AWARD 13 - TO ALESSANDRO MARTINS.pdf
RECOGNITION AWARD 13 - TO ALESSANDRO MARTINS.pdf
AlessandroMartins454470
 
一比一原版(TMU毕业证)多伦多都会大学毕业证如何办理
一比一原版(TMU毕业证)多伦多都会大学毕业证如何办理一比一原版(TMU毕业证)多伦多都会大学毕业证如何办理
一比一原版(TMU毕业证)多伦多都会大学毕业证如何办理
yuhofha
 
Full Sail_Morales_Michael_SMM_2024-05.pptx
Full Sail_Morales_Michael_SMM_2024-05.pptxFull Sail_Morales_Michael_SMM_2024-05.pptx
Full Sail_Morales_Michael_SMM_2024-05.pptx
mmorales2173
 
New Explore Careers and College Majors 2024
New Explore Careers and College Majors 2024New Explore Careers and College Majors 2024
New Explore Careers and College Majors 2024
Dr. Mary Askew
 
Personal Brand exploration KE.pdf for assignment
Personal Brand exploration KE.pdf for assignmentPersonal Brand exploration KE.pdf for assignment
Personal Brand exploration KE.pdf for assignment
ragingokie
 
一比一原版(U-Barcelona毕业证)巴塞罗那大学毕业证成绩单如何办理
一比一原版(U-Barcelona毕业证)巴塞罗那大学毕业证成绩单如何办理一比一原版(U-Barcelona毕业证)巴塞罗那大学毕业证成绩单如何办理
一比一原版(U-Barcelona毕业证)巴塞罗那大学毕业证成绩单如何办理
taqyed
 
Exploring Career Paths in Cybersecurity for Technical Communicators
Exploring Career Paths in Cybersecurity for Technical CommunicatorsExploring Career Paths in Cybersecurity for Technical Communicators
Exploring Career Paths in Cybersecurity for Technical Communicators
Ben Woelk, CISSP, CPTC
 
Andrea Kate Portfolio Presentation.pdf
Andrea Kate  Portfolio  Presentation.pdfAndrea Kate  Portfolio  Presentation.pdf
Andrea Kate Portfolio Presentation.pdf
andreakaterasco
 
Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...
Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...
Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...
dsnow9802
 
MISS TEEN GONDA 2024 - WINNER ABHA VISHWAKARMA
MISS TEEN GONDA 2024 - WINNER ABHA VISHWAKARMAMISS TEEN GONDA 2024 - WINNER ABHA VISHWAKARMA
MISS TEEN GONDA 2024 - WINNER ABHA VISHWAKARMA
DK PAGEANT
 
Personal Brand Exploration Comedy Jxnelle.
Personal Brand Exploration Comedy Jxnelle.Personal Brand Exploration Comedy Jxnelle.
Personal Brand Exploration Comedy Jxnelle.
alexthomas971
 
一比一原版(YU毕业证)约克大学毕业证如何办理
一比一原版(YU毕业证)约克大学毕业证如何办理一比一原版(YU毕业证)约克大学毕业证如何办理
一比一原版(YU毕业证)约克大学毕业证如何办理
yuhofha
 
How to Master LinkedIn for Career and Business
How to Master LinkedIn for Career and BusinessHow to Master LinkedIn for Career and Business
How to Master LinkedIn for Career and Business
ideatoipo
 
How Mentoring Elevates Your PM Career | PMI Silver Spring Chapter
How Mentoring Elevates Your PM Career | PMI Silver Spring ChapterHow Mentoring Elevates Your PM Career | PMI Silver Spring Chapter
How Mentoring Elevates Your PM Career | PMI Silver Spring Chapter
Hector Del Castillo, CPM, CPMM
 
Resumes, Cover Letters, and Applying Online
Resumes, Cover Letters, and Applying OnlineResumes, Cover Letters, and Applying Online
Resumes, Cover Letters, and Applying Online
Bruce Bennett
 
lab.123456789123456789123456789123456789
lab.123456789123456789123456789123456789lab.123456789123456789123456789123456789
lab.123456789123456789123456789123456789
Ghh
 
'Guidance and counselling- role of Psychologist in Guidance and Counselling.
'Guidance and counselling- role of Psychologist in Guidance and Counselling.'Guidance and counselling- role of Psychologist in Guidance and Counselling.
'Guidance and counselling- role of Psychologist in Guidance and Counselling.
PaviBangera
 
Digital Marketing Training In Bangalore
Digital  Marketing Training In BangaloreDigital  Marketing Training In Bangalore
Digital Marketing Training In Bangalore
nidm599
 

Recently uploaded (20)

DOC-20240602-WA0001..pdf DOC-20240602-WA0001..pdf
DOC-20240602-WA0001..pdf DOC-20240602-WA0001..pdfDOC-20240602-WA0001..pdf DOC-20240602-WA0001..pdf
DOC-20240602-WA0001..pdf DOC-20240602-WA0001..pdf
 
一比一原版(QU毕业证)皇后大学毕业证如何办理
一比一原版(QU毕业证)皇后大学毕业证如何办理一比一原版(QU毕业证)皇后大学毕业证如何办理
一比一原版(QU毕业证)皇后大学毕业证如何办理
 
RECOGNITION AWARD 13 - TO ALESSANDRO MARTINS.pdf
RECOGNITION AWARD 13 - TO ALESSANDRO MARTINS.pdfRECOGNITION AWARD 13 - TO ALESSANDRO MARTINS.pdf
RECOGNITION AWARD 13 - TO ALESSANDRO MARTINS.pdf
 
一比一原版(TMU毕业证)多伦多都会大学毕业证如何办理
一比一原版(TMU毕业证)多伦多都会大学毕业证如何办理一比一原版(TMU毕业证)多伦多都会大学毕业证如何办理
一比一原版(TMU毕业证)多伦多都会大学毕业证如何办理
 
Full Sail_Morales_Michael_SMM_2024-05.pptx
Full Sail_Morales_Michael_SMM_2024-05.pptxFull Sail_Morales_Michael_SMM_2024-05.pptx
Full Sail_Morales_Michael_SMM_2024-05.pptx
 
New Explore Careers and College Majors 2024
New Explore Careers and College Majors 2024New Explore Careers and College Majors 2024
New Explore Careers and College Majors 2024
 
Personal Brand exploration KE.pdf for assignment
Personal Brand exploration KE.pdf for assignmentPersonal Brand exploration KE.pdf for assignment
Personal Brand exploration KE.pdf for assignment
 
一比一原版(U-Barcelona毕业证)巴塞罗那大学毕业证成绩单如何办理
一比一原版(U-Barcelona毕业证)巴塞罗那大学毕业证成绩单如何办理一比一原版(U-Barcelona毕业证)巴塞罗那大学毕业证成绩单如何办理
一比一原版(U-Barcelona毕业证)巴塞罗那大学毕业证成绩单如何办理
 
Exploring Career Paths in Cybersecurity for Technical Communicators
Exploring Career Paths in Cybersecurity for Technical CommunicatorsExploring Career Paths in Cybersecurity for Technical Communicators
Exploring Career Paths in Cybersecurity for Technical Communicators
 
Andrea Kate Portfolio Presentation.pdf
Andrea Kate  Portfolio  Presentation.pdfAndrea Kate  Portfolio  Presentation.pdf
Andrea Kate Portfolio Presentation.pdf
 
Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...
Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...
Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...
 
MISS TEEN GONDA 2024 - WINNER ABHA VISHWAKARMA
MISS TEEN GONDA 2024 - WINNER ABHA VISHWAKARMAMISS TEEN GONDA 2024 - WINNER ABHA VISHWAKARMA
MISS TEEN GONDA 2024 - WINNER ABHA VISHWAKARMA
 
Personal Brand Exploration Comedy Jxnelle.
Personal Brand Exploration Comedy Jxnelle.Personal Brand Exploration Comedy Jxnelle.
Personal Brand Exploration Comedy Jxnelle.
 
一比一原版(YU毕业证)约克大学毕业证如何办理
一比一原版(YU毕业证)约克大学毕业证如何办理一比一原版(YU毕业证)约克大学毕业证如何办理
一比一原版(YU毕业证)约克大学毕业证如何办理
 
How to Master LinkedIn for Career and Business
How to Master LinkedIn for Career and BusinessHow to Master LinkedIn for Career and Business
How to Master LinkedIn for Career and Business
 
How Mentoring Elevates Your PM Career | PMI Silver Spring Chapter
How Mentoring Elevates Your PM Career | PMI Silver Spring ChapterHow Mentoring Elevates Your PM Career | PMI Silver Spring Chapter
How Mentoring Elevates Your PM Career | PMI Silver Spring Chapter
 
Resumes, Cover Letters, and Applying Online
Resumes, Cover Letters, and Applying OnlineResumes, Cover Letters, and Applying Online
Resumes, Cover Letters, and Applying Online
 
lab.123456789123456789123456789123456789
lab.123456789123456789123456789123456789lab.123456789123456789123456789123456789
lab.123456789123456789123456789123456789
 
'Guidance and counselling- role of Psychologist in Guidance and Counselling.
'Guidance and counselling- role of Psychologist in Guidance and Counselling.'Guidance and counselling- role of Psychologist in Guidance and Counselling.
'Guidance and counselling- role of Psychologist in Guidance and Counselling.
 
Digital Marketing Training In Bangalore
Digital  Marketing Training In BangaloreDigital  Marketing Training In Bangalore
Digital Marketing Training In Bangalore
 

Mentoring-Business-Case-Template-v4 (1).pptx

  • 1. Mentoring Business Case Template ©️ Art of Mentoring Pty Ltd ABN 31 620 225 372 Restriction on use and disclosure of discussion document information The information contained in these documents and associated online links and demonstrations constitute information that is considered proprietary. It is furnished to the recipients of this document in confidence, with the understanding that it will not, without the permission of Art of Mentoring, be used or disclosed for other than evaluation purposes.
  • 2. Why mentoring? Program Purpose and Goals Program Specification Measuring success Resourcing the program Benefits and Risks ROI Are you ready? CONTENTS 01 www.artofmentoring.net | 2 02 03 04 05 06 07 08
  • 3. 1. Allen, T. D., Eby, L. T., Poteet, M. L., Lentz, E., & Lima, L. (2004). Career benefits associated with mentoring for proteges: A meta-analytic review. Journal of Applied Psychology, 89, 127–136. 2. Sun Microsystems Study (2009), downloaded from http://spcoast.com/pub/Katy/SunMentoring1996-2009.smli_tr-2009-185.pdf WHY MENTORING Mentees have higher career satisfaction, higher jobsatisfaction as well as greater intention to stay1 Compensation and promotion is higherin mentored individuals1 Mentees are promoted 5 x moreoften2 In a study by Sun, retention amongst mentees (72%)and mentors (69%) was favourably compared to organisational rate of 49%2. Sun claims to have made $6.7 million in savings in avoided turnover and replacement costs2. www.artofmentoring.net | 3
  • 4. PURPOSE Why mentoring for your organisation? What organisational objectives will a mentoring program address? What is the overarching reason for implementing this mentoring initiative? PURPOSE AND GOALS GOALS What are the specific objectives of the program? 1. Program outcomes e.g. (number of participants) 2. Mentoring relationship outcomes (e.g. high satisfaction rate with partner) 3. Mentee and Mentors outcomes (e.g. better network, gain promotion, learn new skills, give back to the organisation or profession) 4. Organisational outcomes (e.g. improve diversity, strengthen leadership bench, effective onboarding of new staff, increase engagement and retention). This is (or is linked to) PURPOSE Get Key stakeholders to agree to this before you go any further. All other decisionsflow from this page. See Goal Setting | The Ripple Effect | Case Studies | Benchmark Report (view in Presentation mode to access links) 4 www.artofmentoring.net |
  • 5. PROGRAM SPECIFICATIONS See The Ripple Effect | Case Studies (view in Presentation mode to access links) 1. Don’t be tootempted by fads. Tried and true mentoring formats work! 2. Program events help keepMentees engaged and provide opportunities for further learning by Mentors. TYPE OF MENTORING Is it a standard 1:1 program or something different? DEGREE OF STRUCTURE How formal or structured do you want the program to be? Informal programs are less time-intensive to manage but may have a much higher drop-out rate. PROGRAM EVENTS How many and what type of program events will be included? PROGRAM DELIVERY MODE Will your program be face-to-face, virtual or a hybrid of these? This includes program events as well as how the mentoring pairs will engage. Face-to-face events for big groups can be costly but may help drive more engagement. 5 www.artofmentoring.net |
  • 6. 1. Build your goals into survey questions for participants 2. Consider post- programmeasurement as well (e.g. how many were promoted/ retained/engagement results). MEASURING SUCCESS How will you measure what has been achieved by Mentees, Mentors and the program? When will you measure and by what means? (e.g. surveys, focus groups, individual interviews, discussion at program events) See Goal Setting | The Ripple Effect | Benchmark Report (view in Presentation mode to access links) 6 www.artofmentoring.net |
  • 7. Who will manage the program? Is there someone internal to do this or will you outsource it? Apart from a program manager, what resources will the program need?: • Technology (e.g. videoconferencing, mentoring software) • Training materials • Supporting tools and templates for use by Mentees and Mentors • Travel budget, venues for meeting Will you create your own or buy them? What are the costs involved to successfully set up, launch, implement and review the program? RESOURCING 1. Best to plan this at the outset so you can create a budget 2. Don’t skimp on resources – it greatlyaffects program quality Item Estimated Cost Program Manager time Mentoring Software Other Technology Resources Travel, venue Other TOTAL Cost per pair 7 www.artofmentoring.net |
  • 8. Think about risks to: 1. Implementation 2. Impact on stakeholders – e.g. who might resist a program targeted to special interestgroups? 3. Would a poorly run program be worse than no program at all? 4. Go back and re-work any other sections that needit after identifying risks BENEFITS & RISKS What are the anticipated benefits and results of investing time, resources and money into this mentoring program? What are the potential risks to program success and how could these be mitigated? See Common Pitfalls | Getting Value for Money (view in Presentation mode to access links) 8 www.artofmentoring.net |
  • 9. RETURN ON INVESTMENT CALCULATIONS Improvement in Employer ofChoice ratings Job satisfactionscores and intention tostay Improved performanceof mentors as well as mentees. Job mobility. Diversity and Inclusion results Retention rate ROI PROGRAM COST (PC) R D E A 9 www.artofmentoring.net |
  • 10. ROI RETAIN DEVELOP ENGAGE ATTRACT MY ROI CALCULATIONS Using Retention alone, a 10 point* improvement in a 50-pair mentoring program with average salary of $80,000 per annum would save the cost of replacing 10people. 10 x $80,000 x 0.5 = $400,000 (assume replacement cost = 0.5 times salary). ROI = $400,000 / $50,000 = 8x i.e 800% * In the Sun Microsystems study, there was a 20 point improvement in retention and ROI was calculated at more than 1000%. 10 www.artofmentoring.net | PROGRAM COST (PC) $ $ $ $ $
  • 11. ARE YOU READY? What are others in your profession, industry or market doing with regard to mentoring programs and what can you learn from them? Is your organisation ready for mentoring and is mentoring the right intervention now? Take this Readiness Self Assessment to check if you are ready. Summarise evidence that supports organisational readiness for your mentoring program. If your organisation is not ready now, what will you do about this? Book a free consultation See Goal Setting | The Ripple Effect | Case Studies | Benchmark Report (view in Presentation mode to access links) 11 www.artofmentoring.net |
  • 12. MEET PEOPLE AND CULTURE CHALLENGES AND ACHIEVE GREAT THINGS QUESTIONS? Contact us for a complimentary* Situation Analysis Session Book a free consultation * Free if your organisation qualifies 12 www.artofmentoring.net |
  • 13. ©️ Art of Mentoring Pty Ltd ABN 31 620 225 372 Restriction on use and disclosure of discussion document information The information contained in these documents and associated online links and demonstrations constitute information that is considered proprietary. It is furnished to the recipients of this document in confidence, with the understanding that it will not, without the permission of Art of Mentoring, be used or disclosed for other than evaluation purposes. Contact information: ALEX RICHARDSON m +61 406 737 422 t: +612 9113 7265 e: alex@artofmentoring.net THANK YOU Thank you for taking the time to find out more about Art of Mentoring. If you would like any additional information or to discuss how we can work together, contact our team today. 13 www.artofmentoring.net |