Let's get to the bottom line. What is the return on investment for a business mentoring program?
In Management Mentors Podcast #10-ROI and Mentoring, we cite a Gartner Case Study which provides some amazing statistics performed on mentoring and business and the return on investment which mentoring provides businesses such as:
- Mentoring has a beneficial business impact on grade, rate of grade change, promotions and merit raises.
- Case studies have proven that salary grade changes were higher than tested/measured control groups.
- Mentoring produces positive ROI for company based on cost of program vs. employee knowledge and productivity as measured by salary, merited increases and promotions. The minimum ROI was 600% of program costs.
Want to hear more? Check out our free podcast (mp3 format) and learn more about how business mentoring can have a positive impact on your business while providing an astounding return on investment. Then call us so that we can talk with you about how Management Mentors can assist your company in setting up the perfect mentoring program.