•Successful companies large and small use mentoring to tackle complex

human resource challenges.

•According to the Association of Talent Development, workplace

mentoring is on the rise with 71 percent of Fortune 500 companies
offering formal mentoring programs to their employees.

• As the labour market continues to get tighter, more and more companies
are relying on formal workplace mentoring programs to engage, develop,
and retain their top talent.
A successful mentoring program benefits your organization by:

•Enhancing strategic business initiatives

•Encouraging retention

•Reducing turnover costs

•Improving productivity

•Breaking down the "silo" mentality that hinders cooperation among

company departments or divisions

•Elevating knowledge transfer from simply "getting" information and

instead transforming the process so that your organization retains the
practical experience and wisdom gained from long-term employees.
1)Career Mentoring for Improved Employee Career Development
With career mentoring, you can:

•Improve employee retention

•Enable employees to take ownership of their development
•Deliver cost-effective, scalable programs with constrained HR
resources

Employees get the opportunity for learning and development,

which can help advance their careers and keep them from feeling
stagnant in their roles.

2)High-Potential Mentoring for Leadership Development

With high-potential mentoring, you can:
•Improve retention of key contributors
•Deepen your leadership bench strength
•Provide critical career development experiences

Mentoring high potentials rewards them with personal attention, guidance, and
professional development.
This type of mentoring enables high potentials to learn faster and prepare to take on
leadership positions sooner.
3)Diversity Mentoring for an Inclusive Workplace

With diversity mentoring, you can:

•Improve diversity in leadership or specific functional disciplines
•Better attract and retain employees
•Connect diverse populations with each other to learn and share experiences

Through diversity initiatives, employees learn cultural awareness to create an inclusive

corporate culture.
Diversity mentoring creates an environment of trust, belonging, understanding, support,
and encouragement for a diverse workforce.

4)Mentoring Circles for Collaborative Learning

A mentoring circle is a peer-to-peer format that enables employees to find peers who
share common interests or learning objectives, and develop together as a group.

With mentoring circles, you can:

•Build intra-organizational personal relationships

•Facilitate collaborative learning and knowledge sharing
•Drive career development by increasing employees’ functional expertise and skill sets

Employees get to connect with co-workers who have the same interests.
This helps create bonds between people who otherwise may not have interacted.