Mentoring Benefits: Succession Planning

Mentoring is an ideal strategy for enriching your succession planning program. In succession planning, you're targeting individual talent to take on increasingly more responsible positions and eventually assume a major position within your organization.

Today’s workforce is evolving, and the best companies are responding to it by offering and fostering diversity initiatives to expand understanding and encourage collaboration across different demographics. That’s good news, but there’s still a big problem – most diversity initiatives don’t go far enough. And companies that offer insufficient programs are wasting time and money.

This requires solid experience and solid advice from seasoned employees. Adding mentoring as a method of pairing such individuals with your talent pool ensures that the right expertise will complement your succession planning goals.

It also ensures that the company’s expertise from experienced employees will not be lost once they retire or leave the company but will be retained by having been shared by those who are poised to take their place.

Do you want to create a succession plan that’s successful? Call us at 617-789-4622 or contact us today to discuss mentoring and your succession planning needs.