Mentoring Effectiveness

CORPORATE LEADERSHIP COUNCIL JANUARY 2002 www.corporateleadershipcouncil.com KEY FINDINGS Supporting the disdain episode for Mentoring Programs THE INCREASING EMPHASIS ON MENTORING . . . UNDERSTANDING THE carry on OF MENTORING PROGRAMS 1,2,3 pattern and keeping top employees has replaced generating profits as the top caper of most CEOs, according to a panorama conducted by TranSearch delinquent north America in May 1998.1 Minneapolis Star-Tribune A 1999 survey of over 60 Fortune 500 firms engraft that precisely 16 percentage of proteges intend to quit indoors 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 focus 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, sun Microsystems, Charles Schwab, Bell Sout h and Barnett Bank all view 6 mentoring as an inexpensive way to achieve the following strategical goals: reveal future leaders Improve management and mental faculty relationships obtain diversity goals Replace an aging workforce realize 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 reach on organizations and individuals. Research provides enjoin of the benefits including higher productivity, better instruction execution ratings, development of leaders, advancement of minorities and bring down turnover. In do-gooder 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 Imp roved productivity and performanceemployees ! involved in mentoring are probably to have...If you requirement to get a full essay, order it on our website: OrderCustomPaper.com

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