When most people think about mentoring programs, the typical one-on-one interaction between a seasoned leader and an employee comes to mind.

While mentoring is a popular program, it comes in various forms and can be tailored to your organization’s needs.

We’ll go over five distinct sorts of mentorship programs you may bring to your workplace and how they can help you achieve your company’s goals in this piece.

5 different types of workplace mentorship programs

A professional development (mentoring) program

The most popular form of the mentorship program is this one. It usually entails a mentor-mentee connection between a senior executive and a more junior employee to assist the mentee with professional growth to further their career.

This is a wonderful choice for firms that want to get their feet wet in the realm of mentoring for the first time or like to provide their employees with more chances for advancement.

Benefits:

• It can improve job satisfaction.
• Employees have a better career outcome as a result of this.
• All levels of seniority are affected.

Mentoring program focusing on diversity

Women and people from underrepresented groups benefit greatly from mentoring programs.

According to a study by executive search company Heidrick & Struggles, 30 percent of women and 23 percent of men said their mentoring connection was highly significant.

Similarly, 32% of minorities thought it was highly essential compared to 27% of the general population.

A diversity-focused mentorship program meets these needs by focusing on underrepresented groups and providing equal professional development chances.

Benefits:

• More equity is created as a result of the benefits.
• This leads to better business outcomes.

Mentoring program for new managers

While mentorship programs can benefit everybody in an organization, new managers benefit from them.

A mentoring relationship can assist first-time managers in gaining the skills they need to succeed in their roles and provide better service to their teams and direct reports.

Benefits:

• Enhances managerial abilities.
• Increases self-assurance.

Mentoring program for high-potential employees

While most companies acknowledge the importance of their high-potential workers (HiPos), many fail to give them the support and development opportunities they require to succeed.

One of the most unmet needs of this group is a HiPo-specific mentoring program, which can help your top performers find fulfilment in their roles.

Benefits:

• Provides extra value to businesses.
• Possibilities for progress are created.

Mentoring program in reverse

Reverse mentorship occurs when a more experienced executive is matched with a younger employee, as the name implies.

The goal of this connection is for the mentor and mentee to communicate information from the ground up to increase transparency, knowledge sharing, and collaboration.

Benefits:

• Retention rates are improved.
• Assist in the removal of prejudices.

Conclusion

Mentoring programs can be tailored to meet your organization’s needs, depending on its objectives.

Regardless of the type of program you choose to pursue, make sure to follow our guidelines to get the best results. Request a demo of Torch’s mentorship platform to learn more.