Mentoring Resources
the Business Case for Mentoring
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As you craft your business case for a mentoring program, here are some key facts, arguments and numbers you need to know.
Benefits:
Mentoring programs, well run, can:
- Help to safe-guard key people
- Assist new employees to understand key cultural requirements fast
- Make use of the expertise of people new to the country faster
- Provide meaningful benefit to your generational workforce
- Provide compelling personal development experiences
- Be the critical missing piece in a knowledge management strategy
Research:
- People who are mentored advance further, faster in their careers (Gersick, Bartunek & Dutton, 2000),
- The population most likely to engage and to benefit most is under 40 years of age (Lock, 2008)
- Formal mentoring programs develop and sustain a knowledgeable and connected talent pool (Eddy, Tannenbaum, Alliger, D’Abate, & Givens, 2001).
- High trust relationships where the mentor is a role model in some way and providing support and insight (Colley et al., 2003); (Allen, T.D., Day, R., & Lentz, E., 2005)
Hot off the press from the Society for Industrial and Organization Psychology (SIOP) 2008 conference:
Mentoring programs with a sound matching strategy and on-going assessment strategy have been shown to be:
Rated highly by participants
The main factor in increase participants’ intent to remain with the company
Additional Resources:
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