Contributing to the learning and leadership development for Officers in Local Government
LGPro Mentoring Program - Bnefits of Mentoring

Benefits of Mentoring

Mentoring benefits everyone involved - mentees, mentors and the organisations for which they work.

  • Mentees are able to learn from someone who has travelled the path before them
  • Mentors have an opportunity to invest themselves in someone who seeks what they can offer
  • Councils can share and spread their acquired learning and know-how

Mentoring also helps the community by encouraging an environment where people motivate each other and work together to improve skills and knowledge

What is the Return on Investment (ROI) for mentoring?

A good way to assess the ROI for mentoring is to look at the impact on mentees, mentors and the whole Council. With mentees, the return can be calculated through the development of their skills and knowledge and how this directly impacts on their productivity. With mentors, the ROI can be calculated through the sharing of knowledge and expertise. With the organisation, the ROI can be calculated through retention, attracting talent, saving on training and development cost, and creating a competitive work environment.

Here is a sample method for calculating the ROI of a mentoring program in two areas: Retention and Training.

Sample: Retention ROI

  1. Calculate the total cost to implement and run a mentoring program.
  2. Determine the current level of spending associated with your ROI target (for example, if you are looking at retention, you need to know the current cost to the company each time an employee leaves).
  3. Multiply the amount in “B” by the number of employees that leave the company each year.
  4. Subtract “A” (the original investment) from “C” (your turnover rate).
  5. Divide “D” by “A” and multiply by 100 to determine the ROI percentage.

Sample: Training ROI

  1. Calculate the total cost to implement and run a mentoring program.
  2. Determine the current level of spending associated with your ROI target (for example, if you are looking at training, you need to know the current cost to the company each time an employee is trained via the traditional classroom method, including travel costs).
  3. Multiply the amount in “B” by the number of employees trained in a particular class each year.
  4. Subtract “A” (the original investment) from “C” (your traditional training costs).
  5. Divide “D” by “A” and multiply by 100 to determine the ROI percentage.

Program Intake & Training Dates

Series 1 (2018)

  • Program Orientation Day - Wednesday 7 March 2018
  • Mid-Program Review Workshop - Wednesday 13 June 2018
  • Final Program Debrief Workshop - Thursday 15 November 2018

Series 2 (2018)

  • Program Orientation Day - Wednesday 15 August 2018
  • Mid-Program Review Workshop - Wednesday 28 November 2018
  • Final Program Debrief Workshop - Thursday 11 April 2019
 

Local Government ProfessionalsLGPro is the peak body for Local Government professionals in Victoria. It develops and delivers high quality professional development activities and services, facilitates positive communication between the sector and the State and Federal Governments, representing the views of officers where this expert advice is required in the consultation process on legislation and policy and program development.

Local Government Professionals - Level 3/58 Lorimer Street Docklands VIC 3008 - 03 9268 6400 - www.lgpro.com