Leadership

Why mentoring: what the stats say

We see the magic of mentoring in engaging and developing future and current leaders on a daily basis. The statistics tell our story:

  • 71% of Fortune 500 companies have mentoring programs. Why? Because investing in leadership capability pays off in performance, productivity and innovation (Centre for Workplace Leadership 2016).

In a five year study of 1000 employees (Gartner 2006):

  • 25% of employees who enrolled in a mentoring program had a salary-grade change, compared to only 5% of workers who did not participate
  • Mentees are promoted five times more often than those not in a mentoring program
  • Retention rates were higher for both mentees (22% more) and mentors (20% more) than for employees who did not participate in a mentoring program

For CEO’s in formal mentoring programs (Harvard Business Review 2015):

  • 84% said mentors had helped them avoid costly mistakes
  • 84% become proficient in their roles faster
  • 69% were making better decisions

Research also shows:

  • Millennials intending to stay with their organisation for more than five years are twice as likely to have a mentor (68%) than not (32%)
  • Participants are 40% more likely to achieve their goals if they write them down. This increases to 70% if the goals are shared with someone to keep them accountable, such as a mentor.
  • 89% of those mentored, go on to mentor themselves contributing to a culture of learning and mentoring

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CEOs reveal their paths to the top job

Leading CEOs have revealed their career moves, surprising training grounds and key conversations that have set them on the path to the top job. In a report by Korn Ferry, 11 CEOs including REAs Tracey Fellows, Xero’s Rod Drury, Carnivale’s Ann Sherry, LinkedIn’s Cliff Rosenberg and Lend Lease’s Steve McCann discuss their stories and turning points in their career.

Common themes include non-linear career paths, unexpected forks, sliding door moments, needing to back themselves and gaining diverse experience.

Copy of the report and related articles follow: 

 

 


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Vision, communication & flexibility = best bosses

When choosing the boss most Australian’s want to work for – the top five traits survey respondents cited were speaking to staff regularly, offering and supporting more flexible ways of working, having a good attitude and vision and demonstrating innovation.Alan Joyce, CEO, Qantas was number one on the list.

The findings were published in the AFR, 21 March 2017. Read more: http://www.afr.com/leadership/alan-joyce-voted-australias-top-ceo-20170224-gukxdt#ixzz4c20NWpVE


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Register now for our Executive Leadership Forums

Our Executive Leadership Forums connect and support high performing executives across all sectors. Forums offer people the opportunity to share challenges and workshop ideas in a confidential small-group environment.

The bi-monthly facilitated sessions combine practical experience, case studies and theory to deliver a powerful development program that stretches and challenges each participant. The Forum strengthens capability, confidence and capacity to effectively lead in this changing climate.

Canberra and Sydney Forums are launching August 2017. EOI close June 30. Full details can be found here McCarthy Mentoring Leadership Development Programs.


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Lisa Chung speaks to Sydney leaders

Great event today hearing from Lisa Chung about her career and leadership roles at our Sydney Leaders Lunch. The room of board directors, CEOs and executive mentors and mentees all joined Lisa in a stimulating discussion on leadership and the key issues faced in their sector. The event follows the McCarthy Mentoring Newcastle and Brisbane Leaders Lunches in the past two months.

 

 

 

 

 


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