Can a mentoring program save you money?

Can a mentoring program save you money?

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 exa...

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Veröffentlicht in:The Bottom line (New York, N.Y.) N.Y.), 2014-08, Vol.27 (2), p.60-63
1. Verfasser: A. Crumpton, Michael
Format: Artikel
Sprache:eng
Schlagworte:
Academic libraries
Cost analysis
Cost benefit analysis
Employee turnover
Librarians
Librarianship/library management
Libraries
Library & information science
Library finances
Library management
Mentoring programs
Mentors
Professional development
Studies
Succession planning
Tenure
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Beschreibung
Zusammenfassung: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.
ISSN:0888-045X
2054-1724
DOI:10.1108/BL-05-2014-0016