Mentoring

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

Browse Posts



“It was worth its weight in gold”

“I’m now more open to opportunities. I have greater confidence, have stronger relationships with key influencers and my staff and have become more outward facing -recognising the benefits of connections across industries.

“I’ve also achieved my career goal of stepping into a CEO role in a great organisation. The investment and experience has been worth its weight in gold.”

Giancorp Property Group CEO Glenn Collins and mentor and Non-Executive Director, Craig Wallace share their mentoring experience. 

 


Browse Posts



Extraordinary women

McCarthy Mentoring is proud to work alongside extraordinary women from all sectors to support them in their successful transition to leadership. From museums, law, mental health, community services, insurance, mining and the arts, the women we work with are delivering outstanding work in remarkable roles.

On International Women’s Day we salute the powerful contribution they are making to the community and thank those already at the top of their fields who work with us to inspire and support them.

 


Browse Posts



Do they trust you?

mentoring leadership

We often think competency is the first quality to get across when meeting someone important in your career – a recruiter, a senior executive, a potential sponsor, a client. Research shows trustworthiness is more important. The first question someone you meet asks themselves is – can they trust you? Following this, they assess your strengths and abilities.

Trust is built through relationships, demonstrating warmth, being authentic and honest. Key qualities that are important for strong mentoring relationships and influencing others in all aspects of your career.

A Harvard psychologist says people judge you based on 2 criteria when they first meet you, Jenna Goudreau, Business Insider. 


Browse Posts



Supporting food-tech start up

McCarthy Mentoring is delighted to support food-tech start up Sprout Kitchens after they won the prize of our six-month mentoring program at Rabobank’s FoodBytes! Sydney pitch event in November.

Held as part of Rabobank’s Farm2Fork Summit, the FoodBytes! event saw eight finalists pitch their business idea on the main Summit stage to more than the 1000 delegates in attendance. The competition event brought together food and agri tech entrepreneurs alongside potential investors and industry thought leaders.

Sprout Kitchen’s kitchen-sharing platform finds cafés and kitchens with underutilised space to rent out to other food businesses looking for commercial kitchens.

Co-founders James Jordan and Caroline Aguesse will be working with McCarthy Mentoring mentor and digital strategist Kylie Little, Director, The Growth Business and founder of Essential Baby.

group-pic-small


Browse Posts



Subscribe to our Blog


 


×