When done right, mentorship clearly improves employee retention and performance:
“Those indenting to stay with their organization for more than five years are twice as likely to have a mentor (68 percent) than not (32 percent)” – Deloitte Millennial Survey
“77% of companies with mentorship programs believe they improve employee retention” – Survey of Fortune 500 companies
“Mentorship is the most effective diversity initiative and can boost the representation of minority groups at the manager level by 9 to 24%” – Cornell University IRL School Research Paper”
But how are North American corporations performing with their corporate mentorship programs? To find out, we interviewed and surveyed employees from 50+ leading North American companies.
Our research revealed a number of alarming gaps in employees’ mentorship needs and the support their companies are providing. To get the full report, access it here.