An in-company mentor program is an excellent tool for competency development. It provides cost-effective knowledge enhancement and increased commitment. It strengthens the company culture and promotes good leadership. A successful mentor program is customized for each individual company and focuses both on business activities and on the particular needs of the individuals.
A mentor program can have many different purposes. It could be that an introduction program for new employees needs to be strengthened and supplemented with a mentor program. Leadership candidates, existing leaders, and career women are other groups that can benefit from organized mentor programs. Organizing mentor programs can be a way of transferring competency in connection with the major generation shift that faces many companies as people born in the 1940s retire.
A mentor program requires clear targets and frameworks, well-planned preparations, qualified instructors, support and coordination and neutral discussion partners for continuous checks and follow-ups.