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How To Guide



HOW TO BUILD THE BUSINESS CASE FOR YOUR MENTORING PROGRAM

If you are in HR, especially Learning and Development, and looking to start or
scale your company’s mentoring program, you’re in the right place. 


Mentoring programs can be a lot of work, especially if you are doing it
manually. Regardless of whether you’re running your program out of excel or
using Together’s mentoring software, you will need resources to effectively
deliver your program. This likely means you’ll need some budget from your boss,
boss’s boss, or in some cases we’ve even seen the CEO of large companies sponsor
mentoring programs with the right business case.


To get this budget, you’ll most likely need to put together a compelling
business case. We’ve compiled the below resources to help make this part of your
mentoring journey as easy as possible. 


We wish we could write the business case for you. Unfortunately, it is important
that you customize your business case for your stakeholders, as every
organization is at a different point of their mentoring journey. As such, some
organizations, like those new to mentoring, may need to spend more time
convincing stakeholders on the benefits of mentoring in general. Whereas
companies that are experienced in running mentoring programs may need to spend
more time on why they need software. 


Regardless of the phase your company is in, we recommend that you cover at least
a little of the following two pillars in your business case:
‍(1) why mentoring and (2) why software. And if you decide to work with us, we
can help you with (3) why Together.

NEED TO DOWNLOAD THIS REPORT AND SAVE IT FOR LATER?




WHY YOUR ORGANIZATION NEEDS A MENTORING PROGRAM

As mentioned earlier, depending on your organization’s past experience with
mentoring, this section may be more or less important. In some cases, either
you’ve already run a mentoring program with great success, or perhaps you have
new leadership that is inherently bought into the benefits of mentoring. Even in
these cases, it can still be important to cover the basics of why mentoring is
important, and if your stakeholders are sceptical about mentoring's benefits
then it's even more important. 


‍


HOW TO DEMONSTRATE THE IMPORTANCE OF MENTORING

The first thing you need to do is identify the objectives that your stakeholders
care about most. The good news is that mentoring can have a positive impact on a
number of different business objectives. 

In particular, mentoring is known to have an impact on:

 * Employee retention
 * Employee productivity
 * Employee diversity
 * Knowledge transfer
 * Employee engagement
   

We personally like the employee retention argument, when it makes sense for your
organization. This is because it is easier than the others to put hard numbers
behind this argument. In fact, we have an online calculator you can use to help
calculate the ROI that mentoring can have on your employee retention, which you
can find below.


EMPLOYEE TURNOVER COST CALCULATOR

Find out how much mentorship can impact your bottomline. Use our calculator to
estimate how much mentorship can save your organization.

Mentorship Value Calculator
# of employees
Avg employee salary
Avg annual employee turnover 15%
Cost per employee turnover (as % of salary) 50%
Reduction in turnover from mentoring 10%
Cost of employee turnover (annual) $3,750,000
Value of mentorship (annual) $375,000

The other argument that is more important than ever and has strong empirical
evidence is the impact mentoring has on D&I. Many studies have shown that
diverse talent that receives mentoring is more likely to stay with your company
and more likely to get promoted. One of these studies can be found here.

It is possible to use the other objectives as well, however, particularly if
your stakeholders are sceptical about mentoring it's important to have at least
one objective that can be rigorously defended, and the others are just listed as
bonuses.

To further help with building the business case around why mentoring, we
recommend you check out our white-paper on the topic.


Learn more with our white paper on measuring the ROI of mentoring

View ROI White Paper


HOW TO DEMONSTRATE YOUR EMPLOYEES WANT MENTORING


In addition to demonstrating the positive impact mentoring can have, it is also
important to demonstrate that your employees want a mentoring program. The
easiest way to do this is ask them. Most companies these days run some soft of
employee engagement survey at least annually if not more frequently. If you
don’t already, you should ensure that this survey has questions on it about
employee learning & development and if your employees feel they have enough L&D
opportunities. 


You can find some more general surveys on this topic online, however, results
from your employees are going to be the most convincing.

‍


WHY YOU NEED MENTORING SOFTWARE

Now that you’ve convinced your stakeholders that you need a mentoring program,
your next task is to convince them you need software to do this. If you are
going to be the administrator of the program, you’re probably already convinced
of this. However, the person who likely has control of the purse strings isn’t
going to be the one working overtime for weeks on-end to pair people together,
so they may not see eye to eye. 


As such, part of your argument should definitely be the amount of time software
will save the program administrators, which of course has a dollar value.
However, depending on the size of the program, this likely won’t be enough to
cover the costs of software. Moreover, your stakeholders may not believe it’s as
much work as you say it is. 


To help provide some guidance on when it makes sense to use software, the below
table provides a summary of when you should consider mentoring software based on
the size of your program. The table also includes an approximate number of hours
it takes to run a program of that size with or without software. The hours
assume you are running one program that last about a year.


Learn more with our Effort Calculator

View Effort Calculator

MENTORING PROGRAM EFFORT


# OF PARTICIPANTS


SHOULD I USE MENTORSHIP SOFTWARE?


HOURS WITHOUT SOFTWARE


HOURS WITH SOFTWARE


< 25

Only if you have no free time to manage a program and don't care about costs


40


22


26 - 50

Maybe — your program could still be run manually with a modest amount of work,
but will require a lot of planning


47


22


51 - 100

You should seriously consider software, your program could still be run
manually, but it's starting to become a lot of work


64


22


101 - 250

You should almost definitely be using software, a program of this size is very
hard and time consuming to run effectively


130


22


> 250

There is no reason you shouldn't be using software for a program of this size.
You'll thank us for all the time you get to spend with your friends and family,
instead of spending hours in excel!


200+


22

To help make your time estimate even more defensible, the below table outlines
some of the tasks that you will have to undertake when running your mentoring
program.

TASKS REQUIRED TO RUN A MENTORING PROGRAM


CATEGORY


TASKS


REGISTRATION

Create an intake Google Form or SurveyMonkey
Come up with questions, goals and skills
Test with a few colleagues
Export and clean results


MARKETING

Craft professional invitation emails
Download employee email contact lists
Send reminders
Craft professional welcome emails


PAIRING

Export intake to Excel
Read mentee profiles, filter relevant mentor profiles
Keep track of matches and free/taken profiles
Craft professional “You’ve been paired” emails
Plan and hold a webinar


REPORTING

Export intake to Excel
Read mentee profiles, filter relevant mentor profiles
Keep track of matches and free/taken profiles
Craft professional “You’ve been paired” emails
Plan and hold a webinar

While it takes a lot of time to administer one of these programs, what you may
find is that even if you multiply the number of hours by the hourly cost of the
program administrator the cost may not outweigh the price of good mentoring
software.

As such, to really push your case for software over the line, you need to
convince your stakeholders that certain things can only be accomplished with
software. Luckily, there are a number of things software can do that you alone
can’t.





SCALE YOUR PROGRAM BEYOND ~100 EMPLOYEES

If you are a large organization, the ability of software to scale your program
may be your strongest argument. This is because if you want to achieve the
benefits of mentoring outlined earlier, mentoring needs to be accessible to a
large amount of people.


The fact of the matter is that mentoring programs become “exponentially” (not
technically correct if you have a math degree, but for everyone else accurate
enough) more challenging to run as your program increases in size. As an
example, imagine you had a program of 10 employees. In this case there would be
~25 possible pairings (assuming half are mentors and half are mentees and any
mentor could be paired with any mentee). Now imagine you have a program of 100
employees. In this case there are ~2,500 possible pairings, so your program size
increased by 10X, but the complexity increased by 100X!


The issue with this is that if you’re using excel to pair people together,
you’re not just making 5 pairings if you have a program of 10 people. You
actually need to consider all 25 possible pairings to ensure you’re making the
best possible matches. From our experience, the ability for admins to
effectively pair people starts to degrade after about 50 employees, and falls
apart completely after about 100 employees.


The benefit of software is that no matter how many employees you have the
software can handle it. The software may take a little bit more time to think
for larger programs, but it has no problem remembering millions or even billions
of possible pairings and comparing them to find the best possible matches. 


The below chart helps put this in even more perspective by displaying the number
of possible pairings for a few different program sizes.



PAIRING COMPLEXITY INCREASES EXPONENTIALLY

The number of pairing decisions grows exponentially with program size




MEASURE THE RESULTS OF YOUR PROGRAM

While certain measurement of your mentoring program is possible without
software, it is much much harder, and there are still things you won’t be able
to measure. 


As more and more organizations become data-driven, the ability to measure your
program effectively can be a very convincing argument. 


From our experience, if you’re not using software, most administrators will at
most send out a survey once or twice throughout the duration of the program.
This is ok, but it is fraught with issues. First, it’s not timely, as you’re
blindly sending it out regardless of the last time your employees met their
pairing. Second, it could be inaccurate as its entirely based on the qualitative
feedback of your employees. Last, it’s time consuming for both you and your
employees. 


Software helps solve all of these problems. This is primarily because we are
able to integrate into your company’s calendaring system. What this allows us to
do is know if and when your employees are meeting. As such, we can automatically
send surveys at the appropriate time. Moreover, we can use the calendar data
itself as quantitative data that doesn’t need to be self-reported.


Moreover, many software options, like Together, have built in reporting features
out-of-the-box for both first order insights (e.g. are people meeting), and
second order insights (e.g. is mentoring improving employee retention?).

‍


IMPROVE THE EMPLOYEE EXPERIENCE OF YOUR MENTORING PROGRAM

Despite the employee experience being of critical importance for the success of
your program it is harder to quantitatively justify. As such, we don’t recommend
you make it the centerpiece of your argument, but it is worth mentioning.


In particular, software improves the speed between mentoring steps (e.g. from
employee registration to pairing) and accuracy of your mentoring program, as
well as provides additional options for how you can run the program. 


When it comes to speed and accuracy, using software allows you to go from
registering users to providing pairings in a matter of days or weeks, instead of
weeks to months. This is important for two reasons, one, your program doesn’t
lose momentum, and two, pairings are more likely to still be valid. What we’ve
seen far too often with manual programs is that you launch your mentoring
program, get people excited about it and to register for it. Then it takes you 4
to 8 weeks to manually pair all of these people together. Unfortunately by that
time the initial excitement has worn off, and even worse, some of those
employees who initially registered may not even be at your company any more! How
de-motivating would that be, to get paired with someone who has either quit or
been let-go.


Second, software allows for certain processes that just aren’t possible without
it. One of these examples is having a mentee-led pairing process. We find that
over 50% of our customers end-up opting for having a mentee-led pairing process
when they use Together, even if they had previously had success with
administrator-led processes. The reason being is that a mentee-led pairing
process gives your mentee more buy-in to the pairing, which leads to a higher
chance of success.

‍


RUN A BEST-PRACTICE MENTORING PROGRAM THE FIRST TIME

The last reason it can make sense to use a mentoring software is that the
software is going to come out-of-the-box with mentoring best practices. Even if
you have run a mentoring program in the past, it is unlikely that you have run
nearly as many mentoring programs as a mentoring software company whose sole
purpose is to deliver effective mentoring programs. 


What this means is that you are significantly de-risking your first mentoring
program. In the case of Together, you’re not just getting our software, but
you’re also getting a dedicated mentoring expert who is going to provide you
with tailored recommendations throughout the entire journey. 


There are far too many points to enumerate in this post, but below are just some
of the things your mentoring expert would help you answer:

 * What should the objective of my program be?
 * What registration questions should I ask?
 * What criteria should I use and weight more heavily in my pairing process?
 * How long and how many sessions should my program be?
 * What content should I provide to my mentors and mentees?
   

‍


WHY TOGETHER IS THE BEST MENTORING SOFTWARE

Once you’ve convinced your stakeholders you need software, the last thing you
need to do is convince them what software to use. We may be biased, but we think
Together offers the best option for mentoring software for most organizations.

‍


WHO IS A GOOD FIT FOR TOGETHER

In particular, if you are thinking about running a mentoring program for more
than ~50 users for a business or a professional association we may be a great
fit for you. 


If you are running a program significantly smaller than 50 users we may not be
the best fit for you. This is because given our pricing it is likely not worth
the cost to run your program using software would it could fairly easily be run
manually. 


We may also not be a great fit if your primary users are youth or
non-professional students. This is because our terms of service prohibit serving
user below the age of 18. Moreover, our software heavily centers around email
and calendars, which are often not commonly used by students.

‍


SEE TOGETHER’S MENTORING SOFTWARE IN ACTION

If after reviewing the above you think we’d be a good fit, we highly recommend
you book a demo with one of our mentoring experts here. Because every
organization is different, and there are a wide variety of different mentoring
programs, it is easiest when we can talk with you 1-on-1.

‍


MAKING THE CASE FOR TOGETHER

If you’ve already met with one of our mentoring experts, and just need a
refresher, the below covers some of the reasons why Together is the best option.


THE BEST PARTNER

At Together, we’re more than just a software. We want to partner with all of our
clients to transform their organization with mentoring. This is why all of our
clients get a dedicated mentoring expert to work with them from day 1 until the
end. Even once your program is up and running we work with you to proactively
identify new opportunities and report on current successes.


THE BEST SOFTWARE

We think Together produces the best mentoring software because it is:

 * Feature complete: feel free to use our evaluation template here, to see for
   yourself
 * The most user friendly: we don’t just build features for the sake of checking
   requirements, everything is built to provide a cohesive and magical
   experience to users
 * The most secure and reliable: because we handle your employee data, it’s
   important to know we keep it safe, that’s why we are independently audited
   for our security standards to the SOC 2 Type II standard
   

THE BEST PRICING

We may not be the cheapest option, however, we have aligned our cost to your
success. We do this by only charging you for “active users”. As such you only
pay for employees that are actually paired. This helps de-risk launching a
mentoring program, especially if you are unsure about the number of users to
expect. 





SET APART YOUR ORGANIZATION WITH MENTORSHIP

Schedule 30 minutes to see Together’s platform in action, or jump right in for
free.


Book a DemoTry for Free

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