Mentoring is a powerful tool that can help children who have been neglected and abused, and who feel lost in a world of endless possibilities, to become productive and contributing members of society. Unfortunately, there is not enough money from the Federal Government, state governments, or private sources to make this great work possible. The average cost of running a program to pair 100 children with mentors is mainly labor-related. The project manager interviews all mentors and mentees, looks for the right mentor for the right child, oversees the combination to ensure that it works for both parties, serves as a sounding board for any relationship issues between mentor and mentee, and oversees all group events.
All mentors must go through a rigorous background check to ensure the safety of each child paired with a mentor. They must also go through initial training, for which study plans must be kept up to date. In addition, regular trainings are held as refresher courses and round tables for mentors. There are also normal operating expenses such as rent, telephone bills, and supplies.
Organizing a high-impact mentoring program requires understanding the costs associated with it. Most of the expenses are labor-related, such as interviewing mentors and mentees, looking for the right match between them, overseeing the combination to ensure it works for both parties, serving as a sounding board for any relationship issues between mentor and mentee, and overseeing all group events. There are also normal operating expenses such as rent, telephone bills, and supplies. It would be wise to charge a fee to apprentices who have been selected and are willing to attend the program. For example, a program to increase employee retention rates may incur lower expenses than skill development programs, which would require large investments in specific skill learning courses.
It is wise to decide on the level of the program and the number of programs you would like to complete in a year in order to have valuable mentoring experience. The purpose of the program and the objectives of your association would also influence the cost of your mentoring program. This question is mainly asked to find out if you are interested in carrying out the program yourself or if you want to hire an external consultant to run it. If you can contact corporate sponsors with aligned business objectives, they are very likely to support your program. An online mentoring program can be a cost-effective way to run business mentoring programs since purchasing the software has only a one-time cost. The reports would be slightly detailed in this format as the agency would delve into obtaining valuable information from the program that could help change course in the future for better results. With a thorough understanding of how to budget your mentoring program, it's time to get your program up and running.
It's important to remember that the success of business mentoring depends on many factors including the quality of the mentor, the amount of time and effort the mentee is willing to put in, and the fit between the mentor and the mentee.