Mentoring Effectiveness

CORPORATE LEADERSHIP COUNCIL JANUARY 2002 www.corporateleadershipcouncil.com KEY FINDINGS Supporting the agate line fortune for Mentoring Programs THE INCREASING EMPHASIS ON MENTORING . . . UNDERSTANDING THE pertain OF MENTORING PROGRAMS 1,2,3 purpose and keeping top employees has replaced generating profits as the top note of most CEOs, according to a panorama conducted by TranSearch callable north America in May 1998.1 Minneapolis Star-Tribune A 1999 survey of over 60 Fortune 500 firms gear up that precisely 16 per centum of proteges intend to quit deep down 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 mettle 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, temperateness Microsystems, Charles Schwa b, Bell South and Barnett Bank all view 6 mentoring as an inexpensive way to achieve the following strategical goals: reveal future leaders Improve management and staff relationships obtain diversity goals Replace an aging workforce earn 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 trespass on organizations and individuals. Research provides enjoin of the benefits including higher productiveness, better motio n ratings, development of leaders, advanceme! nt of minorities and bring down turnover. In summing up 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 worm Enhanced innovativeness ameliorate retention rates Improved productivity and performanceemployees involved in mentoring are probably to have...If you require to get a full essay, order it on our website: OrderCustomPaper.com

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