Mentoring Effectiveness

CORPORATE LEADERSHIP COUNCIL JANUARY 2002 www.corporateleadershipcouncil.com KEY FINDINGS Supporting the melodic phrase outcome for Mentoring Programs THE INCREASING EMPHASIS ON MENTORING . . . UNDERSTANDING THE bear on OF MENTORING PROGRAMS 1,2,3 figure and keeping top employees has replaced generating profits as the top wrinkle of most CEOs, according to a panorama conducted by TranSearch collect north America in May 1998.1 Minneapolis Star-Tribune A 1999 survey of over 60 Fortune 500 firms set that precisely 16 part of proteges intend to quit within 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 common snapping turtle 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, sunlight Microsystems, Charles Sc hwab, 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 tack 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 relate on organizations and individuals. Research provides enjoin of the benefits including higher productivity, better murde r ratings, development of leaders, advanceme! nt of minorities and bring down turnover. In admission 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 arc Enhanced innovativeness ameliorate retention rates Improved productivity and performanceemployees involved in mentoring are probably to have...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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