29 percent of participants’ organizations have formal mentoring programs, while another 37 percent of organizations have informal mentoring programs.
ALEXANDRIA, Va. (PRWEB)
January 11, 2018
Mentoring programs can have a significant impact on organizations’ business goals, in addition to employee professional development, according to new research from the Association for Talent Development (ATD). Read the full Report: Mentoring Matters: Developing Talent With Formal Mentoring Programs.
The top benefits to organizations with formal mentoring programs were higher employee engagement and retention (50 percent), support for the growth of high-potential employees (46 percent), the creation of intra-organizational relationships and collaboration (37 percent), and knowledge management and transfer (37 percent).
Of the 969 talent development professionals surveyed, 29 percent of participants’ organizations have formal mentoring programs, while another 37 percent of organizations have informal mentoring programs.
Other key findings in the report (based on the 285 participants whose organizations have formal mentoring programs) are:
Organizations that train mentors and mentees before or during the program in skills, such as communication, listening, and accountability, are significantly more likely to indicate that mentoring programs are highly effective at meeting their learning goals.
- The top three benefits mentees received from participating in mentoring programs were professional development (36 percent), a better understanding of organizational culture (30 percent), and the development of new perspectives (27 percent).
- The top three benefits mentors received from participating in mentoring programs were the development of new perspectives (59 percent), the…