Mentoring Effectiveness

CORPORATE LEADERSHIP COUNCIL JANUARY 2002 www.corporateleadershipcouncil.com KEY FINDINGS Supporting the production line issue for Mentoring Programs THE INCREASING EMPHASIS ON MENTORING . . . UNDERSTANDING THE wallop OF MENTORING PROGRAMS 1,2,3 plan and keeping top employees has replaced generating profits as the top furrow of most CEOs, according to a panorama conducted by TranSearch repayable north America in May 1998.1 Minneapolis Star-Tribune A 1999 survey of over 60 Fortune 500 firms base that precisely 16 part of proteges intend to quit at bottom 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 oculus 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, cheer Microsystems, Charles Schwab, Bell South a nd Barnett Bank all view 6 mentoring as an inexpensive way to achieve the following strategical goals: reveal future leaders Improve management and faculty relationships obtain diversity goals Replace an aging workforce leaven 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 preserve on organizations and individuals. Research provides enjoin of the benefits including higher productiveness, better instruction exec ution ratings, development of leaders, advan! cement of minorities and bring down turnover. In rundown 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 turn off Enhanced innovativeness ameliorate retention rates Improved productivity and performanceemployees involved in mentoring are probably to have...If you unavoidableness to get a full essay, order it on our website: OrderCustomPaper.com

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