Deloitte Research data states that 1 in 3 new hires leave a company within the first year of employment. That number represents a large loss of productive and increased turnover costs. Some turnover in the first year is expected—as both the company and the employee explore whether this is the "right fit" for either of them. But if the right fit is there, companies can improve their talent retention rate significantly by paying attention to the needs of the new employee. And mentoring can help.
Business Mentoring Matters
We talk a lot about coaching and mentoring. Typically we discuss the differences between coaching and mentoring, because in a business setting, there are major differences. But today, I'd like to discuss when coaching and mentoring work together.Read More
One of the advantages of mentoring is that it can be adapted to any organization’s culture and resources. There are several business mentoring models to choose from when developing a mentoring program. The following are the 5 types of business mentoring models:
We're thrilled to share an interview that Talent Management magazine conducted via Skype with our president and founder, Rene Petrin.Read More
Recently I facilitated a meeting to design a mentoring program. During the meeting, someone asked the question:Read More
When I conduct quarterly sessions with mentoring pairs I get a lot of useful suggestions. The following are 9 suggested activities for mentoring pairs directly from people currently partaking in a corporate mentoring program:Read More
When people in an organization first start thinking about mentoring, they usually want to start small to test the waters and see if it gains any traction. This is a smart approach, and one we support 110 percent.
Informal and formal mentoring are often perceived as being the same, but they have significant differences. A failure by individuals engaged in such relationships to understand these differences can lead to disappointment and frustration. Both can benefit the organization and the individuals involved.Read More