Dig into where the real impact of mentoring & peer coaching is!
Mentoring programs link organisations and their people together, increasing knowledge share, breaking down artificial silos – and improving overall culture
Develop Your People
Bring latent and overlooked talent off the sidelines and into high performance.
Mentees are promoted 5 times more often than those who do not, whereas mentors 6x more.
Managerial productivity increases by 88% when mentoring is involved, versus 24% with training alone.
Develop Your Leaders
Mentoring programs strengthen the critical management, soft skills, and leadership experience of your employees.
Increase Retention, Lower Turnover
Retention rates have been much higher for mentees and mentors – 72% and 69% – than for employees not involved in mentoring programs – 49%.
Employers save $280,000 per year for every 100 staff they employ by reducing their turnover by just 5% while the commonly-cited statistic is that the cost of losing an employee can be 150% – 200% of that position’s annual salary.
Most cited a lack of career development as the reason for employee’s departure with expectations around mentoring and coaching most often unmatched.
Every 1% increase in engagement delivers up to a 0.6% increase in revenue. Engaged workforces outperformed their peers by 147% in earnings per share.
Only 13% of employees are engaged, with 30% of all employees are actively looking for another job.
Mentoring makes people feel cared about and catered to; helps them stay engaged with their fellow employees and the mission of the organisation; and ultimately results in more productivity
Attract Great Talent
75% of millennials deem mentoring critical to their success.
Therefore, companies with a formal mentoring culture can fill out 23% more critical roles immediately.
60% of college and graduate students listed mentoring as a criterion for selecting an employer after graduation.
Diverse companies are 35% more likely to have financial returns above their respective national industry medians.
Increase Diversity & Inclusion
Mentorship is the most effective diversity initiate and can boost the representation of minority groups at the manager level by 9 ro 24%.
Research shows that minorities who advance the furthest share one characteristic: a strong network of mentors and corporate sponsors.
Curated Mentoring Cases
KPMG connects mentees with a peer support community to help them walk through Chartered Professional Accountant (CPA) training and exam processes, which can be a daunting process.
They offer a female mentorship program. With about 100 mentor pairs involved in the program, it brings together employees from the same or from different departments and also incorporates a mixed gender matching.
General Manager is mentored by 28-year-old. By reversing the mentoring approach, and letting Mentee steer the wheel, I’ve been able to reflect on my own leadership and how it resonates throughout the organisation.”
P&G was struggling with retaining its female managers and had very few women at senior level. Female junior managers were teamed up with senior execs of both genders. Over 75% of women have a dedicated mentor or adviser.