Provide Part II of Team Work
4
Executive Summary
Team B-Heather Bonham HRM/326July 10, 2017
Tracey Durden
Executive SummaryPart I
Norwa-Energy is a growing company with 200 employees, currently selling and marketing energy. Norwa-Energy has the desire to develop into a multi-industry company. To assist with this transition designing a mentoring program would be essential. Through this Executive Summary, we will determine how this program will be an essential part of the growth of this company.
Needs Analysis Assessment
Many large corporations offer mentoring programs to develop and guide individuals towards a successful career. Similar to Norwa-Energy, GE is a conglomerate and offers a mentoring program to new graduates. The program consists of an eight-month rotation in sales/marketing within the chosen business. This process assists the new hires in understanding the KSA’s needed to fulfill all positions within the organization. (Bryant, 2017)
Determine if the mentoring program will be formal or informal
A formal mentoring program includes business objectives, establishes goals, has measurable outcomes, open access to qualified individuals, a strategic pairing of mentors and mentorees, lasts 9-12 months, expert training and support, and direct organizational benefits. An informal mentoring program is the exact opposite and does not offer any of these structural features. For Norwa-Energy and the development plans a formal program would be most beneficial. (Management Mentors, 2017)
Conclusion
As a growing company with aspirations to develop into a multi-industry organization, Norwa-Energy can connect new graduates with opportunities within their organization. These opportunities can develop knowledge, skills, and leadership abilities while increasing productivity. (Bryant, 2017)
References
Bryant, S. (2017, February 15). The Best Fortune 500 Mentorship Programs (GE, INTC). Retrieved July 04, 2017, from http://www.investopedia.com/articles/personal- finance/022315/best-fortune-500-mentorship-programs.asp
Management Mentors, M. (n.d.). Formal Mentoring vs Informal Mentoring. Retrieved July 04, 2017, from http://www.management-mentors.com/resources/formal-informal-mentoring