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Career Mentorship Programs
We have identified career mentorship programs currently being used by large companies (minimum of 25,000 employees) with headquarters in the US. The companies in focus are Caterpillar, Intel, General Electric (GE), Deloitte, Boeing, Liberty Mutual and KPMG US. Below we provide a deep dive into our findings, outlining the career mentorship programs implemented by each of the companies mentioned above.
Findings
1. Caterpillar
Caterpillar implements an immersive mentorship program for early career employees and recent graduate hires, which allows them to experience various departments over a period of three years. Employees get hands-on experience and build relationships with program mentors and senior management within each department. More specifically, employees spend one year within the manufacturing engineering department, one year working in operations supervision and the final year in a cross-functional department such as logistics, quality or purchasing.
2. Intel
Intel offers a highly-personalized mentorship program which pairs new employees with human or virtual mentors based on their individual interests and skills. Employees complete a survey to identify their areas for future development and interest and are assigned accordingly. Furthermore, responsibility for the processes involved in the program is largely left to the employees themselves, allowing them to take charge of their own future and learning. The program also fosters engagement and a greater sense of mastery and autonomy.
3. General Electric (GE)
GE provides a number of programs including the Commercial Leadership Program which aims to develop the marketing and sales skills of entry-level employees. The program runs for two years and is identified as a "premier entry-level program". Furthermore, GE also offers the Edison Engineering Development Program and the Field Engineer for Global Operations program, both of which feature coaching and mentorship from experienced employees and managers.
4. Deloitte
Deloitte implements the Emerging Leaders Development Program which pairs employees from under-represented populations with a mentor from either partner, director or principal leadership levels. Each mentor commits to a two-year mentorship period to ensure full navigation and assistance with shaping an employee's future career. The company also benefits from increased commitment and retention of staff as a result of this program, as well as improved inclusivity and diversity.
5. Boeing
Boeing implements rotational mentorship programs which team early-career employees with an executive level or senior management mentor. The programs run for two to four years and allows employees to experience various departments including engineering, business, IT or HR. The purpose is to build a relationship between new and established staff members in order to guide employees and help them establish both short and long-term career goals. Specific programs include the Business Career Foundation Program and the Business Skills Rotation Program, both designed for recent college graduates.
6. Liberty Mutual
Liberty Mutual provides new graduates and early-career employees with mentorship opportunities in partnership with senior managers. The aim is to guide employees' work assignments, provide leadership training and coaching. Individual programs include the Corporate Development Program, a two-year program involving interactions with senior management.
7. KPMG US
A CPA Training and Mentorship Program is offered by KPMG US which connects successful candidates to a peer support community, a coach and a CPA program manager, which assists with navigating and the CPA training and exams process. As stated by one employee, the program provides "phenomenal" support as mentee are surrounded by mentors and colleagues who have previously been through the whole CPA process.
Conclusion
In closing, we have provided information regarding the career mentorship programs offered by large (more than 25,000 employees) US-based companies. The companies focused on include General Electric (GE), Deloitte, Caterpillar, KPMG US and Intel.