I think, preparing an effective mentoring program is very important to improve the quality of research and teaching in the context of higher education, for example. In fact, mentoring is recognized as a key to successful and satisfying careers for beginning professionals in different disciplines. You can apply a program that encourages the mentor-mentee relationship to meet such an intended purpose. Please read this article to get the details on how mentoring programs were applied for medical students.
Frei, E., Stamm, M., & Buddeberg-Fischer, B. (2010). Mentoring programs for medical students-a review of the PubMed literature 2000-2008. BMC medical education, 10(1), 32.
Also, this article has more information about the mentoring relationships and the roles of a mentor and a mentee.
Ambrosetti, A., & Dekkers, J. (2010). The interconnectedness of the roles of mentors and mentees in pre-service teacher education mentoring relationships. Australian Journal of Teacher Education (Online), 35(6), 42.
Thanks Tefera, the IEEE, British Computer Society, the IET Institute in London, and other professional Associations have well developed Mento-Mentee programs for professional engineers and scientists. In academia it is quite common that Senior Faculty would serve as Mentors to Junior Faculty. However, this is not practice at every College or University.
Indeed, each institution put in practice their own academic policies. As such, it is important to have open communication all across the institution, to promote good ideas and practical discussion that will benefit all, including Administration, Faculty, Staff and students.