How to Reduce Your Training Expenses with Mentoring

How to reduce
TRAINING EXPENSES
with
Mentoring
2017 © Insala All Rights Reserved

Judy Corner
Mentoring Subject Matter Expert
Insala

Insala improves business performance by developing your talent.
1 2 3 4 5
Career
development
Mentoring Career
Transition
Alumni Consulting
We provide solutions to help your employees grow and develop.

Discussion GroupsInsala Webinar Series: Webinar 30
LinkedIn Group: Mentoring Thought Leaders’ Club
www.linkedin.com/company/insala
900+
Members

1. Costs of training versus mentoring
2. Mentoring and training
• Features
• Benefits
3. When to use mentoring to reduce training
costs
4. Methodology of a blended approach
• Case Study: Limited training budget
Agenda

0 500 1000 1500 2000 2500 3000 3500 4000 4500 5000
Blended
Training
Mentoring
Training Can Be More Costly Than Mentoring

Supplement select training courses with mentoring to
reduce overall training expenses.

Benefits of training:
• Wide availability
• Certifications available
• Track record of success
• Pre- and post-assessments
• Structured & consistent
• If created in-house, program
can be duplicated for minimum
expense
Benefits of mentoring:
• Cost-effective if internal
• 70/20/10: Reinforced learning
• Learning in shorter segments
• Learning is specific to needs and
culture of organization
• Mentee learns from an
experienced partner
What are the features & benefits?
• Short term
• Often in groups
• Organization-driven
• Learning-focused
• Knowledge dissemination
Training
• Long term
• One-on one
• Mentee-driven
• Relationship-oriented
• Career and personal development
Mentoring

What Is Right For You?
When to use a blended approach…
• To accelerate reinforcement of training content
• To support tacit knowledge becoming actively practiced
• To encourage confidence and fill in knowledge gaps
• Keep mentors apprised of current training content
When to use mentoring…
• Flexibility, “on their own time”
• Deeper return on investment
• Holistic, individual
development
• Competency development
and reinforcement: 70/20/10
When to use training…
• Need structure / consistency
• Quick return on investment
• Changes in job role
• Skill / expertise development
• Team-based classroom learning

Review training catalogue1
• Determine if mentoring is able to achieve
learning goals and objectives.
• Mentoring may be suitable if the skill to be
developed
– Requires feedback on a continual basis
– Learning takes place over an extended period of
time.
– Active practice of learned skill or behavior is
required.
Methodology of a Blended Approach

Develop mentoring program2
• Determine what type of mentoring program is
most appropriate.
• Integrate your LMS with your mentoring
software.
• Ensure participants are committed and
understand their roles in the partnership.
• Agree on structure, process, and learning goals
for the partnerships.

Launch mentoring program3
• Create an internal marketing program outlining the
program & its benefits.
• Qualify mentors.
• Provide mentor/mentee training.
• Implement a mentoring technology tool.
• Use an assessment at the end of training to make the
mentee’s mentoring learning plan goals more specific
• Match based upon targeted competencies.
• Set goals for a specific timeline – i.e., every quarter,
etc.

Measure results4
• Assess the mentee again after the partnership
to measure the learning that took place.
• Assess the mentor for their perspective.
• Examine the impact of removing all or a
portion of the training courses
– Has learning increased?
– Have costs reduced?
– Are participants and stakeholders satisfied?

POLL #3
In the future, will you consider using mentoring to
support your training needs?

Case Study: Limited Training Budget
Over two years, employee population increases, but
training budget remains the same.
RESULTS
• Crucial funding freed up
• Efficient and cost-effective use of training budget
• Increased hours of professional development activities
• No increase of training costs
Training +
Mentoring

How Can Insala Help You? PIE*M
1. PLAN how your organization can roll out mentoring as an effective
talent development initiative, using the Hi-Impact Mentoring®
Readiness Workshop
2. IMPLEMENT a successful mentoring program using our mentoring
solutions and training
3. EVALUATE what a structured mentoring program can achieve for your
organization
4. MANAGE maximum program ROI and demonstrate results through
technology solutions that optimize results

Final Thoughts
 Mentoring can be used to supplement or replace training
 Mentoring, like training, should be formalized, measured, and tied to
business objectives
 Make your mentoring program successful by defining and clarifying
purpose and roles, providing training, and attaining sponsorship

Q&A
CONTACT US FOR MORE INFORMATION
www.mentoringtalent.com
info@insala.com
or
jcorner@insala.com
US: (817) 355.0939
UK: +44 (0)207.297.5940
JOIN US ON LINKEDIN FOR:
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How to Reduce Your Training Expenses with Mentoring

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