During a conversation with Stephanie Burns, founder of ChicCEO.com, she asked me if I had any compelling statistics about mentoring. When I told her that mentors can make an average of $25,000 more a year than their colleagues who don’t, that was a WOW moment for Stephanie. She wrote this article for Forbes.com:
“Most people focus on the benefit of mentoring for the mentee – but there are lots of advantages for the mentor. Once I heard that compelling statistic, I sat down with Susan to learn more about the importance of being a mentor and how it can affect the bottom line, morale and retention.
Why is mentoring so important for companies?
The two most important reasons companies need effective mentoring programs are: profitability & productivity and leadership development for sustainability.
Think about your employees. Most likely, you have a few top performers and a few who clearly have potential. Imagine what would be possible if the “potentials” catapulted to the top and your company experienced increased capacity or a sales boost as a result. This is possible with the help of an effective, internal mentoring program.“
Read more at Forbes.com
Susan Bender Phelps is an author, speaker, CEO and lead trainer at Odyssey Mentoring & Leadership, a corporate training company with 30+ years of experience in mentoring. You can follow her on Twitter at @OdysseyMentor.