The Business Case for Mentoring

The Business Case for Mentoring: Building your bench strength

“When people are financially invested, they want a return. When people are emotionally invested, they want to contribute.”
– Simon Sinek

Unlock the potential of your organization with a robust mentoring program. As Simon Sinek aptly puts it, “When people are financially invested, they want a return. When people are emotionally invested, they want to contribute.” This philosophy underscores the profound impact of mentoring in the workplace. Alarmingly, women are 24% less likely than men to receive advice from senior leaders, and 62% of women of color report that the absence of an influential mentor hinders their career progression (Leanin.org). However, companies with mentoring programs see a significant increase in managerial diversity, enhancing the representation of black, Hispanic, and Asian-American women, as well as Hispanic and Asian-American men by 9% to 24% (Harvard Business Review). Embrace mentoring to foster a more inclusive and engaged workforce, driving your business forward.

Equity & Inclusion by Providing Access

Retention of Highly Valued Talent

For the organization overall:

• Retention of valuable employees.

• Contributes to enhanced organization performance by supporting skill development that links to business goals.

• Strengthens the organization’s reputation as an “Employer of Choice.”

For Mentors:

• Provides an opportunity to build and strengthen mentoring skills.

• Provides new insights into organizational issues through the eyes of the mentee.

• Provides an opportunity to demonstrate leadership and inclusive behaviors.

• Enhances job satisfaction and purpose.

For Mentees:

• Provides access to a broader organizational view and network.

• Provides knowledge and skill building opportunities to increase effectiveness.

• Provides an opportunity to take ownership of personal and professional development.

• Promotes diversity of thought and style.

Measurable Outcomes

• Increased Engagement and intent to stay

• Increased confidence

• Strengthened career readiness for opportunities of increased scope of responsibility and authority

• Improved ability to navigate organization politics

• Improved executive presence

• Ability to communicate with senior leaders

• Ability to thrive during periods of change

• Improved relationships with direct managers, peers and direct reports

Critical Success Factors

• Structured program that is integrated with clearly defined business objectives

• Visible senior management commitment and support

• Training, tools and ongoing support for participants from Menttium

• Ownership of the mentoring process by Menttium as knowledgeable experts with 30 years experience in this field

• Voluntary participation by mentees and mentors

• Ongoing communication to stakeholders