Companies that invest in formal workplace mentoring programs experience substantial returns on their investment.
TweetShareShare Twomentor recently released insights that point to the true impact the formal mentorship programs can have on an organization in Understanding the Return on Investment of Workplace Mentoring Initiatives.
minorities usually connect better with their mentors through formal programs that offer an established, credible and supportive way for men to mentor women and minorities. Furthermore, researchers discovered that mentoring had the largest impact of all strategies, resulting in an increase of representation of minorities at the manager level by 9% to 24%.”“The people who mentor at your company are the people who drive retention at your company,” explains Kantor.
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