Benefits of Mentoring - what research says
Research shows mentoring can have a positive influence on Mentees, Mentors and organisations in areas of professional development, productivity, promotion and retention.
Professional Development
• In an independent survey of 59 of the 79 Local Government CEOs in Victoria, 88% identified professional mentoring programs as one of the best ways to develop the skills required to become a CEO in Local Government (Source: Metropolis
Research)
• In a further survey of 232 potential CEOs in Local Government in Victoria, 80% identified professional mentoring programs as one of the best ways to develop the skills required to become a CEO in Local Government (Source: Metropolis Research)
• More than 60% of students listed mentoring as a criterion for selecting an employer after graduation (Source: MMHA)
Productivity
• 71% of Fortune 500 companies use mentoring to ensure learning occurs in their organisations (Source: ASTD)
• 95% of mentoring participants said the experience motivated them to do their very best (Source: The War for Talent by Ed Michaels, Helen Handfield-Jones & Beth Axelrod)
Promotion
• 75% of senior officers attribute mentoring to playing a key role in their careers (Source: ASTD)
• CEOs attribute mentoring as one of the top three factors affecting career growth (Source: AccountTemps survey of Fortune 500 companies) Retention
• 77% of companies say mentoring programs increase staff retention (Source: The Center for Creative Leadership)
• 62% of employees who receive mentoring said they are very likely to stay with their current employer (Source: Yellowbrick)