5 companies with a mentorship programme
Mentoring programmes are for organisations that are serious about investing in their employees and setting themselves up for the future. Having a mentor in frequent dialogue with your staff is a way to develop employee abilities.
There is a reason why more than 70 percent of Fortune 500 companies take part in mentoring programmes. They work and provide employees with the skills to be more confident in their roles and take on more responsibility.
97 percent of people with a mentor believe they offer value, while 93 percent of small and medium-sized business agree that there is a need for a mentoring programme. Still want more proof?
Here are five companies that invested in - and saw the benefits of - a mentoring programme for their staff.
The next time you see an aeroplane, there’s a high chance that it’s a Boeing. As of 2017, they reported revenue of $93.3bn, which is roughly €80.3bn, and have over 50,000 employees working in a variety of departments.
As part of their Rotational Program, Boeing offers professionals in the early stages of their career the chance to work in different departments of the organisation. Mentees experience what it’s like to work in business, engineering, HR or IT departments and work with a mentor who will help establish short and long-term career goals.
Based on revenue, Intel is the world’s second-largest semiconductor chip maker. The company provides tech solutions for some of the largest organisation on the planet, with only Samsung ahead of them. Their operating income is $62.7bn (€54bn).
With over 95,000 employees, Intel recognises the importance of investing in a dedicated programme to help their staff flourish. They look at skills and interests of their employees and match them with suitable mentors, either in-person or virtual. Staff that want to be mentees need to fill out a questionnaire, which is used as a basis to match them with a mentor.
PayPal changed the landscape for online transactions and money transfers. They have just under 20,000 employees and a revenue of $13bn (€11.1). It's a technology company, so it will come as no surprise to see them so heavily invested in mentoring programmes.
There are many different programs available to PayPal employees, with the Unity Mentorship Program the most significant. Unity has an overall score of four out of five and is highlighted for its focus on helping women thrive at PayPal.
One of the “big four” accounting organisations, Deloitte is also one of the largest professionals services in the world. Some of the company’s services include providing tax, consulting and enterprise risk. It employs over 225,000 staff members and has a revenue of $43.2bn (37.2bn).
Deloitte’s Emerging Leaders Development Program employs from under-represented populations and pairs them with mentors to provide the best chance of career advancement. Mentors work with new employees for at least two years, helping to mould their career path at Deloitte.
Google is arguably the most important technology company in the world and is at the forefront of shaping how we use the internet. Which means it’s one of the most sought-after companies to work for on the planet. Google currently has 85,00-plus employees.
There are over 8,300 mentors at Google, who all work with staff and apprentices at varying levels. One of the key areas for mentor/mentee development comes from its Summer of Code programme, where student developers have the chance to write code for open-source software projects while working with a mentor.
Only the best
The benefits of having a mentor are clear, with the vast majoring of the world’s leading organisations heavily buying into the theory of having a programme where their staff can learn and progress. Mentoring is by no means a new practice, but it’s becoming one of the most important aspects of how businesses set up to cater for their employees - as well as maximising their own bottom line.
If you want to see the positives of a mentoring programme but don’t know where to start, Mentorjam’s holistic approach to mentoring provides solutions to many different types of mentor/mentee scenarios.
Ease your way in with track templates or create your a bespoke path to successful mentoring.