On Tuesday, September 9, Everwise hosted the first event in our new webinar series. The topic, Why Your Emerging Leaders Need Mentors, was based on our white paper about how workplace mentoring can play a key role in the engagement and development of emerging leaders. Below are a few key takeaways from the webinar. You can watch the webinar in its entirety and download the slides here.
Trends Impacting Talent Development Today
Organizations clearly understand the value of investing in their people. In the past decade we’ve seen a continued upward trend in organizations’ spending to invest in their people. When organizations make these investments and implement L&D programs right it has the potential to drive market and material benefits and improvement for the organization.
Many traditional training programs rely heavily on online and classroom training. Participants generally only retain about 10% of what they’ve learned by the time they return to their jobs. Unfortunately then for most, corporate learning efforts are not yielding the expected outcomes. A more blended approach is required to be effective such as coaching, mentoring, and on-the-job training.
When it comes to development needs, employees believe they would benefit from having a mentor, but many have never been in a corporate mentoring program. This appears to be more of an accessibility gap rather than an effectiveness gap. This gap can be bridged by communicating the benefits of mentoring and learning from the pioneers in workplace mentoring about how to best implement effective mentorship programs.
What Can We Do To Bridge the Mentorship Gap?
Katy Dickinson, Everwise VP of Mentoring and a leading expert on mentoring systems, provided insight into how enterprise mentoring can impact the employee, their mentor, and the sponsoring organization. There can be beneficial outcomes for all three parties as a result of the mentoring relationship. What follows is a brief summary.
Watch the webinar in its entirety and download the slides here for the full overview.
Top 3 Protégés Outcomes:
- Acquire new skills
- Enhance professional confidence
- Improve relationships
Top 3 Mentor Outcomes:
- Pay it forward
- Develop coaching / leadership skills
- Extend professional network
Top 3 Organization Outcomes:
- Measurable positive outcomes such as improved employee satisfaction and retention
- Improve company culture and leadership pipeline
- Nets a positive ROI for the program
Where Does This Take Us? Our Top 3 Takeaways
- Top professionals in every field routinely attribute their success to their mentors
- There are extensive benefits for employees, their mentors, and sponsoring organizations
- Corporate leaders can leverage this time-honored process for developing and retaining talent (at scale)
Other Resources to Check Out
Get and stay inspired! Katy recommends these TED Talks:
- “Mentorship … Passing the Torch”, Phil Cousineau, TEDxSanJoseCA, April 2011
- “Modern Mentoring: The Good, The Bad and The Better”, Karen Russell, TEDxOverlake, June 2011
- “Inspiring Through Mentoring”, Joanna Kaczorowska, TEDxSBU, October 2013
- “The Missing Link to Renewable Energy”, Donald Sadoway, TED Talk, February 2012
These sources were cited in the webinar:
- Bergelson, Mike. “Why Your Emerging Leaders Need Mentors” 2014 Everwise white paper.
- Bergelson, Mike. “Mentoring That Works” 2014 Everwise white paper.
- DeLong, Thomas J., and Vineeta Vijayraghavan. “Let’s Hear It for B Players” (Harvard Business Review, June 2003).
- Dickinson, Katy. “Lifetime Value of Mentoring” poster presented at the 2013 Grace Hopper Celebration of Women in Computing.
- Dickinson, Katy, Tanya Jankot and Helen Gracon. Sun Laboratories Technical Report “Sun Mentoring: 1996-2009”, TR-2009-185, August 2009; this document is also available from the Association for Computing Machinery – ACM Digital Library.
- Dominus, Susan. “Is Giving the Secret to Getting Ahead?” (New York Times, 27 March 2013).
- Holincheck, James. “Case Study: Workforce Analytics at Sun”, Gartner Research ID #G00142776, 27 October 2006.
- TechWomen (an Initiative of the U.S. Department of State’s Bureau of Educational and Cultural Affairs) is a professional mentorship and exchange program to strengthen relations between the United States, the Middle East and North Africa.
Question and Answer
Thank you to everyone who asked questions during the webinar. While we didn’t have time during the event to answer everything, visit this page for responses to all of the questions that were submitted.