1. Mentoring provides a significant return on investment.
How much could you save by reducing turnover? Human Resources specialists estimate that replacing an employee costs at least twice their annual salary. Mentoring has proven effectiveness in staff retention.
Research shows that people leave when no-one is interested in their career progress and they feel that no-one cares about them. Mentoring satisfies both these issues.
In addition, mentoring has been shown to increase the return on investment in traditional learning and development activities.
2. Mentoring attracts top talent
As we come to grips with global competition to get the best people and a world-wide skills shortage, it becomes obvious that money is not the only attraction for talented employees. Nor will a pay cheque keep ambitious, experienced staff. Successful recruiters are on campuses, on-line and on target offering career enhancing opportunities, including mentoring.
3. Mentoring contributes to the bottom line
Research statistically links productivity, profitability, retention and customer satisfaction with employee performance, attitude and loyalty. "Engaged employees" display these qualities. A mentoring program focused on career development will increase employee engagement because it demonstrated the organisation's commitment to its people.
About Ann Rolfe
- Ann Rolfe
- Ann Rolfe is internationally recognised as Australia's leading specialist in mentoring, and is available for speaking, training and consulting. Here Ann shares her knowledge and allows you to ask your most pressing questions about mentoring.
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