for more than two decades I ahve been involved in mentoring, either aas a mentor, or in the last 10 years in helping organizations develop their own mentoring programs.
This week and next we are going to look at a number of posts around mentoring - best practices, core skills and things to be aware of.
Today's post covers five factoids which are interesting as we consider mentoring in 2015:
- Retention rates were higher for both mentees/proteges (72%) and mentors (69%) than for employees who did not participate in a mentoring program (Gartner, 2006)
- Managerial productivity increased by 88 per cent when mentoring was involved, versus only a 24% increase with training alone; (ASTD)
- 71% of Fortune 500 companies use mentoring to assure learning occurs in their organizations (ASTD)
- 96% of executives surveyed say mentoring is an important development tool (Source: Account Temps)
- 75% of executives point to mentoring as playing a key role in their careers ad 44 percent of CEOs list mentoring programs as one of the three most efficient strategies to enhance women’s advancement into senior management (Source: ASTD)
If you have a mentoring program, what do you see as benefits to your organization? What benefits has it provided to you as a professional?
As someone who has been involved with mentoring for more than two decades, as a mentor myself, and now as someone who helps organizations with their own mentoring programs, mentoring can be transformational to careers and organizations. It's also a great cost-effective talent and leadership development strategy.
I look forward to bringing you several posts in the next two weeks around mentoring best practices and what we know makes it work!
Jennifer Britton, MES, CPT, PCC
Potentials Realized: Coaching | Teamwork | Leadership
Supporting Team Leaders to do their best work, one conversation at a time
Author of From One to Many: Best Practices for Team and Group Coaching (Jossey-Bass, 2013)
Authorized Partner of Everything DiSC and the Five Behaviors of a Cohesive Team