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ATTRACTING, DEVELOPING AND RETAINING QUALITY EMPLOYEE THROUGH MENTORING |
| 06.22.2006 |
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Attracting, Developing and Retaining
Quality Employees Through Mentoring
A Step-by-Step Guide to Implementing a Mentoring Program
Companies throughout the country are experiencing the benefits of mentoring programs.
• 77% of US companies surveyed in 2000 said mentoring improved both retention and performance of employees. (Business Finance Magazine, 2000)
• Mentoring is one of the top two most powerful leadership development tools used in organizations. (A study by the Institute of Management)
• 75% of executives state that mentoring played a key role in their career success. (American Society for Training and Development)
If your company doesn’t have a mentoring program, maybe now is the time to consider one.
Objectives:
1. To understand the value and benefits of a formal mentoring program for your company, the mentors and the protégés.
2. To learn the 16 reasons to develop a formal mentoring program.
3. To learn the 7 steps to designing a formal mentoring program.
Why Mentoring?
Impending demographic changes are pushing organizations throughout the country to take a closer look at their retention and recruitment strategies, and the skills and competencies of their people.
Organizations are asking themselves:
• What percentage of our employees is retiring in the next 5 to 10 years? What skills and knowledge will we lose when they leave and how will they be replaced?
• With unemployment rates so low, and the impending retirement of Baby Boomers, will we be able to retain our employees to support our needs for at least the next five years?
• Are we developing our employees with the skills they need for today AND tomorrow?
• Do we have a succession plan for our executive-level and senior-level staff?
Strategic decision makers are looking at opportunities to address these issues now before they have a negative impact on the stability and potential growth of the company.
Is your company prepared? Find out what a mentoring program can do for your company. This is one program you can’t afford not to consider.
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