Can a mentoring program save you money?

Abstract

Purpose

The purpose of this article is to suggest that a benefit-cost analysis should be performed for mentoring activities so as to justify the effort and expense and as a tool for measuring effectiveness.

Design/methodology/approach

Pulling from field literature, this article provides some examples of mentoring programs and resources as well as an example for conducting an analysis.

Findings

The author feels that applying a cost model to mentoring programs can strengthen their appeal overall.

Originality/value

The article and its conclusions are the product of this author and his experiences with such programs.

Citation

A. Crumpton, M. (2014), "Can a mentoring program save you money?", The Bottom Line, Vol. 27 No. 2, pp. 60-63. https://doi.org/10.1108/BL-05-2014-0016