Companies With Great Monitoring Programs

The competition in the world of business is more demanding than ever before. 

Startups, for example, encounter some trouble establishing their presence in the industry of their choice. Also, it is challenging to please customers these days. 

When running a business, your ultimate goal is to make noise in the market, increase online visibility, and boost a high return on investment. 

But it is not going to be easy. It will be a complicated journey. While there are many things to think about and consider, focusing on your team’s personal and professional development is a smart move to do. 

Your employee is the lifeblood of your organization, remember. Without a team of competent, committed, and efficient professionals, it will be impossible to develop a product or service that resonates to your target market. 

On the other hand, running a business with a skilled and qualified bunch of individuals will be different. You can provide individualized services to your prospective customers, streamline operations, increase revenues, acquire new loyal partners, and open other successful opportunities. 

But as a beginner, you are probably confused about how to develop your talents strategically. Don’t worry as you are not alone. Most small and even sometimes big companies experience the same thing. This is where a company mentoring program can come to your rescue. 

Over the past few years, most businesses from any industry have integrated a mentoring program into their operations, and it helps them be surrounded by world-class people. 

Studies have shown that approximately 67% of businesses reported a positive change in employee productivity because of mentoring. 

Other research suggests that 71% of people with mentors say their organization provides them with an opportunity to advance to their career.

Experts also say that around 94% of employees would stay in a company for an extended time, especially when they are given enough time to learn new things and grow as a professional. 

What do you feel about a mentoring program as a business owner? Maybe, you feel skeptical if it is worth it. We cannot blame you. But below, we have gathered the top three companies that added a mentoring program into their operations. Without further ado, let’s get into it! We hope this could help you make a quick and confident decision. 

Caterpillar 

Who would not know Caterpillar? The company is the leading manufacturer of both mining and construction equipment across the world. 

Caterpillar is also reputed as one of the companies that use a mentoring program. 

Like other programs in organizations, its main purpose is to facilitate employees’ continuous learning and professional development. 

How does its program work? Newly hired employees are assigned with an experienced and capable mentor to assist them. This usually lasts for three years. 

The job of the mentor is to provide the mentee guidance on soft skills development, work-life balance, culture, and other important subjects the latter needed to learn. 

Every employee, regardless of seniority, can be transferred to new departments to learn something different, grow their network, and help them become a multi-talented professional. 

As an American Fortune 100 corporation, Caterpillar has established approximately 13 employee resource groups to ensure quality and reliable mentoring even in a larger setting. 

Caterpillar has also implemented a reverse mentoring program. This is where younger employees teach the seniors in the company about the newest technology in the industry and other things they must be well-accustomed to. 

Surely, a lot of you would think that a mentor should be older than the mentee. But it depends on a person’s knowledge and experience, indeed. 

General Electric 

Another company with a great monitoring program is General Electric. If Caterpillar specializes in construction/mining equipment, General Electric operates thru aviation, venture capital, finance, healthcare, additive manufacturing, power, digital industry, and renewable energy. 

Like Caterpillar, General Electric is a recognized leader and a pioneer of reverse mentoring. Its mentoring program is tailored to encourage collaborative learning. It brings in certified and experienced executives to mentor newly hired and even existing employees. They teach everyone in all their departments critical skills that can help improve their productivity and performance. 

Apart from teaching, the General Electric mentoring program allows employees and executives to establish rapport and meaningful relationships. 

Being in the industry for many decades already, General Electric always strives to promote and maintain a collaborative environment that encourages employees to unleash their full potential and become the company’s future leaders. 

General Electric also prides itself on other programs like a two-year rotational program in both marketing and sales. But wait, there’s more! It has Ally Alliance, Women’s Network and Transgender, and other employee resource groups. 

No wonder General Electric has been a successful multinational conglomerate in the US for the past decades already. 

Bain and Company 

Bain and company get our third spot. Like the others in the list, Brain and Company aims to offer strong interpersonal relationships, one-on-one connections, and growth to every employee it has. 

More specifically, the consultants, younger and senior employees at Bain and Company have a mentor. 

Aside from the mentoring program, Bain and Company provide and implements further professional development to their people in the form of specialized affinity groups, including Veterans at Bain, Blacks at Bain, and Latinos at Bain. This gives them the opportunities to find guidance and even commonalities with their peers. 

For those who don’t know, Brain and Company is a management consultancy in the US and has been in operation since 1973. From there, it has transformed into a top consulting expert in the country.  So, are your employees not as efficient as they should be? Do you have a high employee retention? Or are your revenues not higher than you expect in the first place? Whatever your case may be, it is time to invest in your employee’s development, and a mentoring program can be a lifesaver. Compared to training, a mentoring program is more cost-effective without compromising quality results. What are you waiting for? Create and implement a mentoring program and see the difference in your business operation.

Leave a comment

Your email address will not be published. Required fields are marked *

Popular Post

Recent Post

Best Instagram Photo Recovery Software for PC, iPhone, and Android

By TechCommuters / May 7, 2021

Losing your Instagram pics due to accidental deletion or careless usage of the app can be very frustrating. Especially if it happens to be your favorite photo with the most likes and comments. But you don’t have to worry because there are many ways through which you can recover deleted Instagram photos with ease. In […]

Friendspire Review – Access Movies, TV Shows, Books on the Go

By TechCommuters / May 4, 2021

Stop Searching on Google what to eat, watch or drink. Start searching with Friendspire. Everyone loves foods, drinks, movies, TV shows, but are you, everyone? You’re not! You don’t just love these things you want to watch, eat, drink, read and listen to the best, right? So, what do you do to accomplish this? Like […]

10 Best Email Tracking Software in 2021

By TechCommuters / May 2, 2021

Most email tracking software only tells you whether an email is opened or not. Whereas they should tell you why a person opened your email and how ready he or she is to become your customer. In the marketing funnel, emails play a king-size role.  Therefore, you need an email tracker that answers — when […]

10 Best Barbie Games in 2021

By TechCommuters / April 30, 2021

Video games are only for boys! Do you also think that? Well, no, digital games are for everyone — whether you want to kill monsters or dress up a Barbie. Today, girls can have all the gaming fun; they can cook, dress up, do makeup, and so much more.  If you want to relive your […]

10 Best Diet Planning & Tracking Apps for iOS and Android in 2021

By TechCommuters / April 29, 2021

What do you eat? How do you eat? When do you eat? — directly reflects on how you feel or look. Today, planning your diet isn’t a cosmetic luxury; it is a way to lead a healthy life.  But, it is easier to say than to do. When you have your favorite sugar-loaded dessert calling […]

7 Key Advantages of Internet and Mobile-Learning

By TechCommuters / April 28, 2021

Mobile Learning combined with the internet is becoming increasingly popular nowadays because it is one of the most successful programs developed by technical inventors in the times of COVID-19. People are more attracted to multimedia platforms than they were to the traditional learning system. In addition to this, e-learning offers much more advanced learning than […]

iOS 14.5 Update: All New Features

By TechCommuters / April 27, 2021

The long-awaited, iOS 14.5 is officially released for all users and this update comes with a vast list of features. The most prominent among them are: Apple Watch iPhone unlock. AirTags App Tracking Over 200 new emoji New Siri Voices and more. Here’s what you need to do to download and install iOS 14.5 and […]

10 Best Audiobook Apps for iOS & Android in 2021

By TechCommuters / April 26, 2021

Are you a hardcore reader? Then, you definitely want to use every minute of the day to unveil a new story. With audiobook apps, you can get that opportunity. Whether you are driving, walking, or working out in a gym, your audiobook app can supply unlimited stories to you.  For our busy readers, the TC […]

Types and Importance of Digital Marketing

By TechCommuters / April 24, 2021

Digital marketing utilizes the internet, cell phones, web-based media, web indexes, and various channels to reach out to their customers. Some advertising experts consider digital marketing to be a completely new venture that requires a different method of moving customers and better ways to see how customers move forward with traditional promotions. Relativity with Digital […]

What Everybody Should Know About Instagram Marketing

By TechCommuters / April 24, 2021

Instagram marketing is how different brands mainly use Instagram to connect with their target audiences and market their products. This method has mainly gained popularity as an exciting method for brands to showcase their culture, engage with their customers, and show off their products in a new light. Steps to be used in creating the […]

All About Digital Marketing

By TechCommuters / April 23, 2021

Digital marketing, online marketing, internet advertising, whatever you call it, marketing your agency online is a big deal these days. Digital Marketing This is a very vast term. Marketing done using technology and digitization is digital marketing. This is a form of direct marketing that establishes a link between sellers and customers. This is done through different […]

Digital Marketing: The Definition Of Marketing and the Impact Of Digital Media On Marketing

By TechCommuters / April 23, 2021

Marketing can be defined as actively promoting the services and products a business has to offer to its customers. This is done by keeping in mind market supply and customer demand. Marketing is now not looked at as just a door to door to sales. It is much more than that. Marketing is now an […]

Top Internet Providers with Unlimited Data 2021

By TechCommuters / April 21, 2021

Nowadays, with so many activities to perform on the internet like streaming movies, downloading files, and working from home, having an internet plan with unlimited data has become crucial for almost every household. However, finding an internet provider that offers the best internet service along with unlimited data is not an easy task. Therefore, to […]

10 Best Action-packed Train Games for iOS in 2021

By TechCommuters / April 19, 2021

The train journey is a wholesome experience. Getting to know different places, meeting new people, lazy talks, speed rush, and so much more. Now, imagine what if you get all the train experience while sitting at your home? Cool, right? By playing train games on your iOS gadgets, you can ride, drive or perform stunts […]

10 Best Simulator Games for iOS in 2021

By TechCommuters / April 17, 2021

The simulation gaming genre is hard to ignore in 2021. A game that can lift the barrier between real life and virtual life. These games can stimulate your senses and let you live your gaming fantasies. Simulator games are a perfect combination of fun and technology that you can’t afford to miss out on.  Today, […]