Amanda asks: How do I get the budget I need to adequately resource a mentoring program?

Buffer

Email

Print

Thank you for your question Amanda!  And it’s a good one.

Answer:  Create a compelling business case for mentoring.

Organisations need to show a return on investment.  If spending money this way will improve the bottom line, they’ll fund the program. Show sound business reasons that convince decision makers that spending this money will help achieve strategic objectives. Find out where your organisation hurts.  Provide solutions to pain.  Is retention an issue?  Which staff leave?  Why?  What does it cost?  Write a budget showing the cost of the program recouped in less than 3 years (the life span and planning horizon of most CEO’s).   Add the “nice” benefits or “politically correct” rhetoric and buzz words.  But lead with your best punch – dollars.

Regards,

Ann Rolfe