Mentoring: 6 Strategies to Improve Productivity & Retention

Why is mentoring rapidly becoming an essential tool for talent development and the critical factor to get women, Blacks, Latinos, Asians, American Indians, LGBT people and people with disabilities in the executive ranks? Why is it so important for bidirectional communication and cultural learning for senior white male executives? 

DiversityInc Top 50 data shows that companies with formalized, cross-cultural programs lead to a rise in promotions from these underrepresented groups. Some companies have documented results in improved retention, engagement and productivity. 

For example, Sodexo (No. 2 in the 2011 DiversityInc Top 50) was able to quantify that its mentoring program delivers a $6 return for every dollar invested. 

In this 90-minute DiversityInc mentoring webinar, DiversityInc Senior Vice President and Executive Editor Barbara Frankel discusses the benefits of formalized, cross-cultural mentoring programs with Lou Miramontes, audit partner, KPMG (No. 29); Karen Kichline, vice president, learning and talent management, ADP (No. 38); and Lucie Neely, division vice president, human resources, national account services/globalview, ADP. 

During the seminar presentation, readers will learn: 

• How employee-resource groups can help “cross-pollinate” mentor/mentee relationships
• Why mentoring should be available to all employees, even white men
• The personal benefits of becoming a mentor, and the not-so-obvious benefits of being a mentee
• Why mentoring is particularly important in developing female talent
• How to formulate an action plan for mentoring in your company
• What are the different roles of a mentor and mentee, and which generate the best results?

Watch the mentoring webinar at DiversityIncBestPractices.com.