Building Your Bench Strength

The Business Case for Mentoring

“When people are financially invested, they want a return. When people are emotionally invested, they want to contribute.”
– Simon Sinek

24%%

Women are 24% less likely

than men to get advice from senior leaders.

Source: Leanin.org

62%%

62% of women of color

say the lack of an influential mentor holds them back.

Source: Leanin.org

24%%

Mentoring programs make companies' managerial echelons significantly more diverse

they boost representation of black, Hispanic, and Asian-American women, and Hispanic and Asian-American men by 9% to 24%.

Source: HBR, Why Diversity Programs Fail

Business Drivers

Equity & Inclusion by Providing Access

Retention of Highly Valued Talent

Benefits

For the organization overall:

  • Retention of valuable employees.
  • Contributes to enhanced organization performance by supporting skill development that links to business goals.
  • Strengthens the organization’s reputation as an “Employer of Choice.”

For Mentors:

  • Provides an opportunity to build and strengthen mentoring skills.
  • Provides new insights into organizational issues through the eyes of the mentee.
  • Provides an opportunity to demonstrate leadership and inclusive behaviors.
  • Enhances job satisfaction and purpose.

For Mentees:

  • Provides access to a broader organizational view and network.
  • Provides knowledge and skill building opportunities to increase effectiveness.
  • Provides an opportunity to take ownership of personal and professional development.
  • Promotes diversity of thought and style.

Measurable Outcomes

  • Increased Engagement and intent to stay
  • Increased confidence
  • Strengthened career readiness for opportunities of increased scope of responsibility and authority
  • Improved ability to navigate organization politics
  • Improved executive presence
  • Ability to communicate with senior leaders
  • Ability to thrive during periods of change
  • Improved relationships with direct managers, peers and direct reports

Critical Success Factors

  • Structured program that is integrated with clearly defined business objectives
  • Visible senior management commitment and support
  • Training, tools and ongoing support for participants from Menttium
  • Ownership of the mentoring process by Menttium as knowledgeable experts with 30 years experience in this field
  • Voluntary participation by mentees and mentors
  • Ongoing communication to stakeholders