Mentoring Software and Tools for Mentor Program Administrators
Mentor Resources has tools for managing a mentor program, including mentoring software preferred by experienced mentor program administators.
Human Capital has a significant impact on business results, yet isn't usually considered in Risk Management. Mentoring for knowledge transfer and risk mitigation
Although Human Capital accounts for of operating costs at most companies and can have a significant impact on business results, the management of Human Capital Risk tends not to be a focus of Enterprise Risk Management Professionals.
The risks range from unionization/labor relations to offshoring and outsourcing to staffing in a pandemic to turnover/retention and the loss of intellectual capital and experienced workers. Drilling down in Managing Human Capital Risk: A Call for a Partnership between Enterprise Risk Management and Human Resources, a Conference Board survey done earlier this year, a “shortage of critical skills within your company’s workforce” was the specific risk most on the minds of Senior Executives.
Out of eleven risk categories, the executives ranked Human Capital Risk as having the fourth highest impact on business results, ahead of financial, reputational, supply chain, and IT risks. Still, it was interesting to note that less than one-third (31 percent) of companies believe they effectively assess human capital risk, and 24 percent believe they do an ineffective job.
Peter Cappelli, Director of the Center for Human Resources at The Wharton School, recently published an article Managing Human Capital Risk which discusses the potential for risk in human resources to negatively affect entire business organizations.
We would encourage all administrators of mentoring programs click through and read Professor Cappelli’s article and to adopt the language of risk management in talking to colleagues, both inside and outside the Human Resources Department.
Regarding these risks, Mentoring programs offer:
Of course, at Mentor Resources, we believe the effectiveness of the mentor-mentee match is highly correlated with the measurable results from the mentoring program. If you would like to see a white paper on this topic, send me an email at KWise “at” MentorResources.com or call me at 415-380-0918.
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Peter Cappelli is the George W. Taylor Professor of Management and director of the Center for Human Resources at The Wharton School. His latest book, with Bill Novelli, is Managing the Older Worker: How to Prepare for the New Organizational Order
If the topic of demographics in your workforce is of interest, Mark your calendar now for November 3rd at 11:00 AM PST/2PM EST for “The Importance of Mentoring with Four Generations in the Workplace.”
Four generations, with different values and communication styles, have created interesting challenges in the workplace. Don’t miss Mentor Resources’ informational webinar for managers on Thursday, November 3. RSVP with Jennifer Aguilar at jaguilar “at” MentorResources.com or 415-380-0918.
Mentor Resources has tools for managing a mentor program, including mentoring software preferred by experienced mentor program administators.
Cisco’s Reverse Mentoring Program had great success. Learn more about Reverse Mentoring Programs.
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