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One of the most notable studies available about the financial impact of mentorship programs was highlighted by The Wharton School at University of Pennsylvania and conducted by Gartner. The study found that employees who participated in a mentorship program (mentors and mentees alike) were more likely to be promoted and/or receive salary increases and were […]
As parsed in a notable Forbes article, modern forms of mentoring maybe the key to retaining your Millennial employees in 2018 and beyond, as well as all your other employees. Luckily, there are different types of effective mentorship programs that your organization can explore. Here are five of them.
Mentoring relationships can be extremely effective in the business world. Working closely with, taking cues from, and being guided by the knowledge and experience of someone who has spent a lot of time and achieved great success in your industry or your company can really boost your career—not to mention the potential networking opportunities that […]
Mentorship relationships are sometimes pursued simply for the sake of having a mentorship relationship. This is the fault of both mentors and mentees, who often choose to enter into such a relationship far too casually. Maybe it’s an expectation of the company they work for. Maybe it’s because someone asked them to be their mentor […]
According to research emphasized in The Atlantic, evidence suggests that mentorship programs strengthen recruiting initiatives, boost employee engagement, help train future leaders of a company, increase diversity, and raise rates of employee loyalty and retention. However, mentorship programs are often designed specifically for salaried workers who work routine 9–5 shifts, and leave shift workers out. […]
[Part 1 of this article appeared in the previous issue.] Here are four more steps to take when designing an effective mentorship program.
Per studies highlighted by Investopedia, 71% of Fortune 500 companies have some type of corporate mentorship program. And 75% of executives from those Fortune 500 companies recognize their mentors with helping them reach their current positions. If you want to design an effective mentorship program, here are seven steps you’ll want to take.
Once you determine that a reverse mentoring program is right for you, it’s time for implementation. But how, exactly, should you go about implementing a program? Here are some basic steps that any organization can follow, many put forward by Gubbi, Hubbard, and Smith.
While reverse mentoring turns the traditional model of mentoring on its head, in truth, there are still many benefits that accrue to the mentor by virtue of spending time and building a relationship with a more senior or experienced mentee that are no different than if they were following a more traditional model.
Mentor relationships in the workplace are a great way to build relationships between employees, share knowledge and corporate culture, and retain employees. Traditionally, we think of a mentor relationship as between an experienced mentor with a lot of time spent in the industry and the company and an inexperienced mentee. Typically, this mentee is new […]