One thing you might notice after launching your mentoring program is that there are a lot of metrics you can track. In fact, you may be thinking to yourself: There’s just so much data!
After all, with today’s technology, almost absolutely everything can be collected and measured. So how do you then decide which data points to focus on?
Thankfully, the new Mentorloop Program Dashboard helps you stay concentrated on the topline things that matter most when managing your program. That’s because we specially designed it to assist you in focusing on the five key indicators of mentoring program success.
Without further ado, here are the five data points we think you should watch when you run a program—as well as how Mentorloop can help you with them.
1. Program Growth
Looking at the number of participants you have can show you the level of interest there is in your program. It can also let you know if your recruitment efforts are effective or not. If not, this metric can also help you find out where to focus your efforts to increase interest and enthusiasm in your program.
Additionally, instead of stagnant numbers, the Mentorloop Dashboard shows you growth over time, as well as whether participants sign up as mentors, mentees, or both. This means you’re able to determine whether you need to work on recruiting more mentors or mentees in order to balance out your program.
2. Matching
Nailing the matching of your participants is crucial for any mentoring program. When it comes to this metric, more than just matching percentage, Mentorloop shows you how many participants are matched in 1:1 Loops, as well as those who are in Group Loops.
3. Participant Growth
Milestones will give you insight into where your participants are at on their mentoring journeys. By showing you who’s at what stage—which is especially important for Always-On programs—you’ll be able to see who needs support, understand and offer the kind of support they need, and check in on participants who have progressed to a new stage in their journey.
4. Program Health
Sentiment allows participants to share how their relationship with their mentoring partner is going. Honestly, this is probably the most important metric. Why? Because it shows you a quantitative representation of the health of the relationships within your program.
5. Contextual Feedback
However, it’s important to remember that your people and their relationships aren’t just numbers, which is why it’s important to understand the context behind those numbers. Thankfully, our Highlights feature can help with this by gathering timely feedback directly from your participants.
Mentorloop is Here to Help
Mentorloop surfaces all of these metrics in your Dashboard in a way that’s easy to understand. What’s more Insights for each section make these metrics action-oriented.
We’ll also show benchmarks for success so you have a North Star to work towards. Additionally, you can also download this data, making reporting your findings easier.
And—the cherry on top—doing all of this can be quick and simple. In fact, you can run a successful mentoring program with just 30 minutes per week.
Focusing on the things that matter is easier with the Mentorloop Dashboard. Ready to try it?
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