Maximizing the Impact: How to Get the Most Out of Your Corporate Mentoring Program
Maximizing the Impact: How to Get the Most Out of Your Corporate Mentoring Program
Read moreImproving millennial retention is a key strategy many organizations are struggling with today. In fact, studies show that 43% of Millennials plan to leave their job in the next two years.
As the largest generation currently in the labor force, their willingness to leave is significant. Some organizations, like financial services firm Pershing, are combating decreased Millennial retention by launching a reverse mentoring program.
But can that really impact retention rates? Ask Pershing. After implementing its reverse mentoring program, the firm experienced a reported 96% retention rate among millennials.
And, as many successful organizations have learned, better retention rates are just one benefit of a successful reverse mentoring program.
Reverse mentoring partners employees in a modern way. In this unique mentoring relationship, the junior employee mentors the senior leader. The knowledge shared in this mentoring relationship focuses on technology, approach to strategic issues, leadership, diversity issues, and even working mindset.
We have already highlighted some of the telling numbers around millennial retention. However, that isn't the only benefit of implementing a successful reverse mentoring program.
Additional benefits include:
To achieve these reverse mentoring benefits, keep these tips in mind:
Are you ready to realize the benefits of a reverse mentoring program? Insala’s solutions can help you launch a successful reverse mentoring program that impacts your retention, technology, and strategy. With more than 20 years of experience, Insala is equipped to support you every step of the way.
Request a demo to learn how Insala can help you establish a reverse mentoring program to impact your organization's success.
Maximizing the Impact: How to Get the Most Out of Your Corporate Mentoring Program
Read more5 Questions every mentee should ask their mentor Mentorship is ...
Read moreLeverage Data To Enhance Your ...
Read moreMentoring Program Lessons From An Insala Program Manager Hi, I’m Collin.
Read moreWhy Does Mentoring Reduce Employee Turnover? Employee turnover is big problem. There are many industries in the United States that are suffering: Education, ...
Read morePeople360 is a pioneer and industry leader recognized by Global 1000 and Fortune 500 companies and associations internationally, for 27+ years as a leader in Career Management, Mentoring, Coaching, Career Transition, Alumni Software solutions and People Analytics.
© 2024 People360. All rights reserved. Privacy Policy