Mentoring Effectiveness

CORPORATE LEADERSHIP COUNCIL JANUARY 2002 www.corporateleadershipcouncil.com KEY FINDINGS Supporting the stock installment for Mentoring Programs THE INCREASING EMPHASIS ON MENTORING . . . UNDERSTANDING THE extend to OF MENTORING PROGRAMS 1,2,3 blueprint and keeping top employees has replaced generating profits as the top trade of most CEOs, according to a panorama conducted by TranSearch due(p) north America in May 1998.1 Minneapolis Star-Tribune A 1999 survey of over 60 Fortune 500 firms demonstrate that precisely 16 percentage of proteges intend to quit at heart the undermentioned 12 months compared with a rate of 35 percent for 4 employees who had not been mentored. Seventy-seven percent of companies responding to a center(a) for yeasty Leadership survey reported that mentoring programs were effective in increase retention. 5 Merrill Lynch, Federal Express, General Motors, JC Penney, doorbell Labs, DuPont, sunshine Microsystems, Charles Sch wab, Bell South and Barnett Bank all view 6 mentoring as an inexpensive way to achieve the following strategic goals: reveal future leaders Improve management and staff relationships obtain diversity goals Replace an aging workforce ramp up a line of succession DEVELOPING STRATEGIES TO EVALUATE MENTORING PROGRAMS THE IMPACT OF MENTORS ON EMPLOYEES AND COMPANIES . . .

belles-lettres suggests that mentoring success may be seen in the following ways: 7 Mentors have an important partake on organizations and individuals. Research provides enjoin of the benefits including higher productivity, better surgi cal process ratings, development of leaders,! advancement of minorities and bring down turnover. In supplement participants acquire greater knowledge of the business, its politics, policies, products and customers.2 Review of Business Enhanced assimilation of new traineesmentoring speeds up the eruditeness yield Enhanced innovativeness ameliorate retention rates Improved productivity and performanceemployees involved in mentoring are probably to have...If you wishing to get a full essay, order it on our website: OrderCustomPaper.com

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