Formal cross-cultural mentoring programs are increasing at DiversityInc Top 50 companies because, our data show, they increase diversity in management representation. Forty-six percent more managers in DiversityInc Top 50 companies participate in mentoring today than five years ago, and 100 percent now have formal mentoring programs (up from 72 percent in 2007). How can your company successfully launch a cross-cultural mentoring or sponsorship program?
In our diversity web seminar on mentoring and sponsorship, BASF's Chief Diversity Officer Patricia Rossman, and Deloitte Consulting's Kelvin Womack, Principal, Lead Client Service Partner, Federal Health Practice, and Managing Principal, Diversity, discussed:
- How BASF Successfully Launched a Mentoring Program: The company utilizes an eHarmony-style digital system to match mentors and mentees, which increases engagement and customizes each mentoring pair for optimal results.
- Why Sponsorship at Deloitte Drives Careers: The company's pilot Navigation to Excellence formal sponsorship program nationally paired 15 Black, Latina and Asian women with sponsors. Participants reported improved relationships with senior sponsors, networking and communication skills.
Additional insights from BASF and Deloitte include:
- Relationship Must-Haves: What you need to formalize and integrate mentoring and sponsorship programs into your corporate culture.
- Benefits of Formal Programs: How are they different from informal programs and why companies opt to formalize their talent development.
- Metrics & Data: What are the best metrics to assess progress, especially involving retention, engagement and promotion?
- Consistency: How to achieve a sustainable program at your organization.
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