Benefits of implementing an effective mentoring Scheme

Supports the retention and development of internal talent

77% of companies report that mentoring programmes were effective in increasing employee retention. 35% of employees who do not receive regular mentoring look for another job within 12 months.

American society for training and development

Improves employee engagement and productivity

Managerial productivity increased by 88% when mentoring was involved versus only a 24% increase with training alone. 71% of Fortune 500 companies use mentoring to assure learning occurs in their organisations. 

American society for training and development

Supports the development of a diverse workforce

Mentoring is particularly useful in supporting the development and maintenance of a diverse workforce, particularly women returning to the workplace after maternity leave.

44% of CEO’s list mentoring programmes as one of the three most effective strategies to enhance women’s advancement into senior management.

(ASTD)

Succession Planning

Many organisations find that mentoring provides a clearer picture of the talent pool available and helps people position themselves more clearly against the likely needs of the business

Cost effective method of developing talent in the organisation

Although there are costs associated with mentoring, particularly, the costs of the time of the both mentor and mentee and the associated costs of running a programme, it is still one of the most cost effective ways of building a diverse, talented and confident workforce.