how to use mentoring in your workplace
TRANSCRIPT
Mentoring and Talent Development Solutions
HOW TO USE MENTORINGIN YOUR WORKPLACE
By Chronus Corporationwww.Chronus.com
Mentoring and Talent Development Solutions
MENTORING AND THE EMPLOYEE LIFECYCLE
Mentoring at all employee stages contributes to: New hire productivity and retention Employee career development Leadership chain development Diversity and inclusion initiatives Knowledge transfer among generations
Mentoring promotes employee engagement and ultimately, retention
Mentoring and Talent Development Solutions
RESEARCH – IMPACT OF MENTORING
Mentoring can have a big positive effect on promotion and retention rates
http://knowledge.wharton.upenn.edu/article.cfm?articleid=1736
Mentoring and Talent Development Solutions
ACHIEVE THIS IN YOUR WORKPLACE!
Consider mentoring for the following uses in your organization:
Continue to see a few examples of how it’s done!
Mentoring and Talent Development Solutions
EMPLOYEE CAREER DEVELOPMENT
Encourage a learning culture through mentoring to ensure:
Employees actively spread knowledge and best practices throughout the org
Development of individual competencies
Development of a personal network of resources
Cementing of corporate values and culture
Helping employees develop their careers increases engagement andproductivity while decreasing retention rates.
http://chronus.com/resources/daimler-trucks-reinvents-corporate-mentoring-program
Mentoring and Talent Development Solutions
LEADERSHIP DEVELOPMENT
Mentoring engages and developsyour high potentials by
Exposing them to different areas of your business
Developing leadership skills Learning what is expected in
future roles
With mentoring, hi-pos learn faster and can take on leadership positions sooner
Mentoring and Talent Development Solutions
DIVERSITY MENTORING
Diversity initiatives help organizations: Promote cultural awareness Create an inclusive corporate culture
Mentoring is an effective method to: Promote a sense of trust, belonging,
support, and encouragement to employees
Inspire employees to perform at their best
Help your org stand out from competitors
http://www.forbesmedia.com/files/
Innovation_Through_Diversity
Mentoring and Talent Development Solutions
REVERSE MENTORING
Senior employees learn new technologies and trends from younger workers to:
Increase multi-generationalunderstanding and engagement
Transfer skills
Reverse mentoring is atwo-way street benefittingall participants
HARTFORD INSURANCE implemented a reverse-mentoring program consisting of a group of senior managers and junior employees who were paired into mentoring groups. These mentoring interactions have saved the company both time and money through improvements in planning campaigns, advancements in the company’s internal electronic communications network, and newly engaged millennials who are eager to make a difference at their company.
http://www.bc.edu/content/dam/files/research_sites/agingandwork/pdf/publications/hartford.pdf
Mentoring and Talent Development Solutions
KNOWLEDGE TRANSFER
Every org has vital in-houseknowledge and skills. Mentoringensures:
Skills are passed on Employees have direct
access to the keepers ofthis important knowledge
Personal, informal learning that’s more engaging thantraining manuals, intranets, and LMS systems
Mentoring and Talent Development Solutions
MAKE IT EASY WITH SOFTWARE
Consider software if you:
Have more than 50 participants
Want to reduce your time andcost by automating matching and routine tasks
Want to get started fast with proven guided mentoring workflows out of the box
Need to report true business impact metrics to your leadership
Want to scale your program to more participants or locations
Chronus software for mentoring
Mentoring and Talent Development Solutions
NEXT STEPS
• Read this entire best practices whitepaper• Consider software to help you start,
manage, and measure a successful mentoring program
www.Chronus.com
Click here to access our complete whitepaper: “How to Use Mentoring In Your Workplace”