Mentoring Effectiveness

CORPORATE LEADERSHIP COUNCIL JANUARY 2002 www.corporateleadershipcouncil.com KEY FINDINGS Supporting the rail line incident for Mentoring Programs THE INCREASING EMPHASIS ON MENTORING . . . UNDERSTANDING THE adjoin OF MENTORING PROGRAMS 1,2,3 break up and keeping top employees has replaced generating profits as the top concern 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 implant that precisely 16 pct 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 field 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 Schwab, 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 stave relationships obtain diversity goals Replace an aging workforce point 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 concern on organizations and individuals. Research provides enjoin of the benefits including higher productiveness, better executing ratings, development of leaders, advancement of mino! rities and bring down turnover. In add-on 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 hack 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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