The Business Case for Mentoring

Did you know?

76%%

76% of people think mentors are important

Source: Forbes

There is a gap

37%%

Only 37% of people have a mentor

Did you know?

24%%

Women are 24% less likely

than men to get advice from senior leaders.

Source: Leanin.org

The Value of Mentoring

95%%

Retention (Intent to Stay)

Agree/Strongly Agree Menttium strengthened their likelihood to stay and grow at their sponsoring company.

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

Something as “simple” as providing a Mentor will increase employee retention, engagement and company profit. Providing Menttium to an employee costs a small fraction of turnover cost. Too often managers look at leadership development as an expense versus an investment in engaging their key talent.

Mentoring Benefits

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

Retention.    Engagement.    Belonging.    Bottomline Impact.