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Mentoring Benefits

Countless benefits exist related to mentoring, and they are as unique as the people involved in the mentoring relationships. Some benefits include:

 

  • Allows for increased self-awareness and self-discipline.
  • Provides an expanded personal network.
  • Offers a proven method to share ideas, try new skills and take risks.
  • Enhances the capacity to translate values and strategies into productive actions.
  • Improves awareness of personal biases, assumptions and areas for improvement.
  • Increases technical and professional expertise.
  • Creates a culture of acceptance and inclusion.
  • Reinforces organizational norms and values.
  • Allows mentees to have a smoother transition into the workforce to further professional career development.
  • Renews mentors’ enthusiasm for their role as expert.
  • Accelerates organizations’ ability to identify, develop and retain talent.

 

But sometimes…the proof is in the numbers.

 

Percentage of companies that report mentoring programs were effective in increasing retention.1

 

 

Percentage of employees who look for another job within 12 months if they do not receive regular mentoring.2

 

 

Percentage of executives who point to mentoring as playing a key role in their careers.3

 

 

  The more mentors a woman had, the faster she moved up the corporate ladder.4  
  Managerial productivity increased by 88 percent when mentoring was involved, versus only a 24 percent increase with training alone.5  
  More than 60 percent of college and graduate students listed mentoring as a criterion for selecting an employer after graduation.6  
  Professionals who have had mentors earn between $5,610 and $22,450 more annually than those who have not.7  

 

Sources:
1-3, 5-6. Jeff Barbian, “The Road Best Traveled,” Training, May 2002.
4. Catalyst press release, “Catalyst Finds Women Of Color Are Taking Charge Of Their Careers and Moving Up The Corporate Ladder,” July 16, 2002.
7. Kathryn Tyler, “Mentoring Programs Link Employees and Experienced Execs,” HR Magazine, April 1998.

"Joining a large organisation is never easy, especially not if you recently graduated from University. You are always going to have a lot of questions or concerns that you do not feel comfortable talking to your direct manager about. That is where the mentor programme comes in handy.

 

...I have a great relationship with my mentor and this has helped me tremendously in finding my place within the organisation."

 

Anonymous Mentee
Client requested anonymity