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!
Best
Jennifer
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