Mentoring
DO YOU KNOW?

	Best in class companies cite mentoring as one of the top three most effective ways to develop and retain high-potential and diverse employees according to Linkage, Inc. and Warren Bennie, Best Practices in Leadership and Development Handbook.
	Executives are beginning to realize that knowledge isn't a one-way street. It's in everyone's best interest to share expertise. says Jerry Wind, director of the Wharton Fellows Program, regarding reverse mentoring.
	In March 2009, Catalyst Awards Conference: Driving Change, Inspiring Results, honored the 2009 Catalyst Award-winning initiatives to recruit, develop, and advance women in business: Baxter International Inc.'s Building Talent Edge, CH2M Hill's Constructing Pathways for Women Through Inclusion, Gibbons P.C.'s The Women's Initiative: Driving Success Through Diversity Investment, and KPMG LLC's Great Place To Build a Career. Catalyst 2009
	On September 19, 2008, Business Week reported that companies and countries will need more than 3.5 billion people by 2010 to fill knowledge worker positions. The U.S. is expected to have the biggest shortfall and will need as many as 14 million people. A 2008 study by Deloitte Research found that one in three new hires leave a company within the first year of employment, creating an expense of 1.5 times the lost recruit's salary.
	"Retention rates were higher for both protégé (72%) and mentors (69%) than for employees who did not participate in the program," according to a case study of 1000 employees Source: Sun Microsystems by Gartner, a Connecticut-based market research firm
	35% of employees who do not receive regular mentoring look for another job within 12 months. Source: Emerging Workforce study by Spherion
	Managerial productivity increased by 88% when mentoring was involved, versus a 24% increase with training alone. Source: American Society for Training & Development