What’s one of the best ways to retain your top talent and transition knowledge from your senior leaders to tomorrow's emerging leaders? The answer may surprise you as it’s a practice that’s been around for as long as anyone can remember. And its cost impact on the bottom line is minimal, if anything. It’s a term we all know; mentoring.
Mentoring is a strategic tool that, when done right, can attract and retain high-potential talent and accelerate leadership development and readiness. Mentoring is also an effective tool for shaping organizational culture and closing engagement and generational gaps. It has often been said that the most important work of a leader is the development of other leaders.
Lauren Trees is a research program manager at the nonprofit APQC. She writes about the current state of mentoring and what it looks like in our modern-day business world. “In an era of integrated e-learning suites and bite-sized videos, people may wonder whether an old-school training and development technique like mentoring still has a role to play. But despite the trend toward DIY and on-demand learning, the past few years have seen a resurgence of interest in workplace mentoring programs.” She came up with 4 reasons why organizations should support workplace mentoring: