Executive Development Blog

Why Workplace Mentoring is a Good Idea

Posted by UNC Executive Development on Jul 12, 2016 1:43:06 PM

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.

mentor-5.jpgMentoring 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:

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Topics: leadership development, mentoring

The Benefits of Mentoring

Posted by UNC Executive Development on Dec 17, 2015 11:47:11 AM

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. Employers are increasingly recognizing the benefits of mentoring in leadership development. According to a Corporate Executive Board survey, 25 percent of U.S. companies now host peer-mentoring programs, a significant increase from before the 2007 recession, when only 4 to 5 percent of U.S. companies reported sponsoring mentorship programs (Rouen, 2012). Unfortunately, as many HR and talent managers can attest, it can be quite challenging to develop and maintain successful mentoring programs.

HelloMentor

Mentoring improves employee satisfaction, retention, and recruitment in an organization (Kessler, 2010). It can also improve an organization’s diversity by improving promotion rates for people from under-represented groups like women, African Americans, Latinos, and Asians (DiversityInc, 2014). Mentoring can even be used as a branding tool to attract talent, particularly high-quality college recruits. Employers who mentor new hires find that they acclimate more quickly to the organization’s culture and work processes which translates to faster ramp up time and return on recruiting investment. This mentoring during the onboarding process can also lower turnover and help identify high-potential employees early on (Vaccaro, 2013). There is another, perhaps more compelling, reason why mentoring is being embraced by more organizations; the Millennial generation, the most populous force in the workplace, craves it.

A 2012 study, “No Collar Workers,” found that three-quarters of Millennials want a mentor. Eighty percent of Millennials responding to the survey said they wanted regular feedback from their boss, and 89 percent said they thought it was important to constantly learn at their job. Two-thirds of Millennial respondents also said they thought they should mentor more experienced workers on technology (Emelo, 2013). This generation is demanding mentoring, and employers are listening.

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Topics: mentoring

Talent Management Webcast: How to Build a Successful Mentoring Program

Posted by Nancy Tannenbaum on Oct 2, 2014 9:49:15 AM

Join UNC Executive Development's Horace McCormick as he discusses how to launch a successful and sustainable mentoring program on an October 23rd 1PM (EST) webcast with Human Capital Institute. 

Horace and HCI will:

  • Discuss the benefits of effective mentoring programs and why more employers are embracing mentoring programs in their organizations;
  • Delineate the difference between coaching and mentoring;
  • Review various types of mentoring programs;
  • Offer steps HR and talent management professionals can use to launch successful and sustainable mentoring programs in their organizations, and;
  • Provide examples of mentoring programs being used in organizations today.

 Register for Webinar

The webcast will take place at 1:00 PM (EST) on Thursday, October 23, 2014.

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Topics: leadership, talent development, leadership development, learning and development, mentoring