Mentoring Effectiveness

CORPORATE LEADERSHIP COUNCIL JANUARY 2002 www.corporateleadershipcouncil.com KEY FINDINGS Supporting the line of business chance for Mentoring Programs THE INCREASING EMPHASIS ON MENTORING . . . UNDERSTANDING THE feignion OF MENTORING PROGRAMS 1,2,3 intention and keeping top employees has replaced generating profits as the top crease 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 build that precisely 16 percentage 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 sum total 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, sunshine 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 supply relationships obtain diversity goals Replace an aging workforce pull in 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 impact on organizations and individuals. Research provides enjoin of the benefits including higher productivity, better effect ratings, development of leaders, adv! ancement of minorities and bring down turnover. In accompaniment 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 weave Enhanced innovativeness ameliorate retention rates Improved productivity and performanceemployees involved in mentoring are probably to have...If you indispensableness to get a full essay, order it on our website: OrderCustomPaper.com

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