Mentoring Facts
77% of companies report that mentoring programs are effective in increasing employee retention and performance.
(Sources: Center for Creative Leadership; Business Finance)
71% of Fortune 500 CEOs reportedly use mentoring to ensure that learning is happening in their organizations
(Source: InfoWorld Media Group, 1998)
88% increase in managerial productivity when mentoring is involved, versus only a 24% increase with training alone (Source: ASTD 1998)
The loss of an employee costs the corporation 150% of departing employee’s annual salary (recruitment, selection, training, lost productivity).
(Sources: American Society for Training and Development)
35% of employees of companies without a regular mentoring program plan to look for another job within 12 months.
(Sources: 1999 Emerging Workforce Study Business Week March 1999)
62% of employees who have received mentoring say they are likely to stay with their current employer. (Source: Yellowbrick)
Instruction and advice given by a mentor is 100% relevant because tailored to specific needs, compared to 15-20% relevancy of standard formal training designed to train the masses. (Source: ASTD 1998)
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