Establishing a Mentoring Program

Quick reference

• 00:04 Hey, welcome back.
• 00:05 It's our final lesson, and I want to discuss an opportunity that could be
• 00:09 extremely valuable depending on your situation.
• 00:11 How to set up a mentoring program within your company.
• 00:16 So, why would a company want to establish a mentoring program?
• 00:20 I hope that all the previous lessons help answer those questions.
• 00:23 But to put it simply, a mentoring program facilitates knowledge exchange
• 00:29 supports professional development, and enhances employee engagement.
• 00:34 But beyond that it can significantly impact talent retention, and
• 00:39 lead to stronger future leaders within your company.
• 00:43 So, when you begin setting up a mentoring program,
• 00:47 the first step is to clearly identify your goals and purposes.
• 00:52 Do you want to nurture new hires?
• 00:54 Do you want to support career transitions or enhance leadership skills?
• 01:00 By defining your goals, you set the direction of your program.
• 01:05 Next, determine who will manage the program.
• 01:08 It could be a single coordinator or
• 01:10 a dedicated team depending on the size and scope of your program.
• 01:14 The person or team will be responsible for maintaining the program's operations from
• 01:21 pairing up mentors and mentees to managing any ensuing challenges.
• 01:26 One of the most crucial stages of creating a mentorship program is matching
• 01:31 mentors and mentees.
• 01:32 The coordinator or team should consider factors such as
• 01:36 the individual's goals, skill sets, and personalities.
• 01:41 Getting this match right can significantly impact the mentoring
• 01:46 relationships success.
• 01:47 And communication plays a vital role in the smooth operation of a mentorship
• 01:52 program.
• 01:53 The coordinator or team should constantly liaise between the mentors and
• 01:58 mentees, ensure ongoing support, and handle any challenges that arise.
• 02:03 Remember, this program is a learning experience for everyone involved, so
• 02:08 there will be bumps along the way.
• 02:10 But remain flexible and supportive,
• 02:12 and embrace these challenges as growth opportunities.
• 02:17 And finally, regularly evaluate the effectiveness of your mentoring program.
• 02:22 Are the established goals being met?
• 02:24 Are participants finding value?
• 02:27 Based on the feedback and
• 02:28 results make adjustments as needed to enhance the program continuously.
• 02:33 Building a successful mentoring program in your company is no small feat but
• 02:38 the long term benefits for your employees and company culture are vastly rewarding.
• 02:44 So, this lesson is our final lesson of the course, and I want to thank you for
• 02:49 your time and attention.
• 02:51 Throughout these lessons, I hope you've gained some
• 02:54 perspective on the challenges that mentors and mentees face.
• 02:57 You may find yourself in a mentoring relationship from time to time,
• 03:01 whether you're hoping to learn from a more experienced person, or
• 03:05 being asked to guide someone else.
• 03:07 Opportunities like this can be really amazing.
• 03:10 So use them as a way to strengthen your career both as a professional and
• 03:16 as a leader.
• 03:17 Thanks again and best of luck to you in your mentoring relationships

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