This document discusses how mentoring can benefit employees and organizations at different stages. It provides examples of how mentoring can be used for new hire onboarding, employee career development, leadership development, diversity initiatives, knowledge transfer, and more. Research is cited showing mentoring can increase promotion rates and lower retention rates. The document recommends organizations consider a mentoring program and offers next steps to read more about best practices and how mentoring software can help manage and measure a program.

1. Mentoring and Talent Development Solutions
HOW TO USE MENTORING
IN YOUR WORKPLACE
By Chronus Corporation
www.Chronus.com

2. Mentoring and Talent Development Solutions
MENTORING AND THE EMPLOYEE LIFECYCLE
Mentoring at all employee stages contributes to:
New hire productivity and retention
Employee career development
Leadership chain development
Diversity and inclusion initiatives
Knowledge transfer among generations
Mentoring promotes employee engagement and
ultimately, retention

3. Mentoring and Talent Development Solutions
RESEARCH – IMPACT OF MENTORING
Mentoring can have a big positive effect on
promotion and retention rates
http://knowledge.wharton.up
enn.edu/article.cfm?articleid
=1736

4. Mentoring and Talent Development Solutions
ACHIEVE THIS IN YOUR WORKPLACE!
Consider mentoring for the following uses in your
organization:
Continue to see a few examples of how it’s done!

5. Mentoring and Talent Development Solutions
EMPLOYEE CAREER DEVELOPMENT
Encourage a learning culture
through mentoring to ensure:
 Employees actively spread knowledge
and best practices throughout the org
 Development of individual
competencies
 Development of a personal network of
resources
 Cementing of corporate values and
culture
Helping employees develop their
careers increases engagement and
productivity while decreasing
retention rates.
http://chronus.com/resources/daimler-
trucks-reinvents-corporate-mentoring-
program

6. Mentoring and Talent Development Solutions
LEADERSHIP DEVELOPMENT
Mentoring engages and develops
your high potentials by
Exposing them to different
areas of your business
Developing leadership skills
Learning what is expected in
future roles
With mentoring, hi-pos learn
faster and can take on
leadership positions sooner

7. Mentoring and Talent Development Solutions
DIVERSITY MENTORING
Diversity initiatives help organizations:
Promote cultural awareness
Create an inclusive corporate culture
Mentoring is an effective method to:
 Promote a sense of trust, belonging,
support, and encouragement to
employees
 Inspire employees to perform at
their best
 Help your org stand out from
competitors
http://www.forbesmedia.com/file
s/Innovation_Through_Diversity

8. Mentoring and Talent Development Solutions
REVERSE MENTORING
Senior employees learn new
technologies and trends
from younger workers to:
Increase multi-generational
understanding and engagement
Transfer skills
Reverse mentoring is a
two-way street benefitting
all participants
HARTFORD INSURANCE
implemented a reverse-mentoring
program consisting of a group of
senior managers and junior
employees who were paired into
mentoring groups. These
mentoring interactions have saved
the company both time and money
through improvements in planning
campaigns, advancements in the
company’s internal electronic
communications network, and
newly engaged millennials who are
eager to make a difference at their
company.
http://www.bc.edu/content/dam/files/re
search_sites/agingandwork/pdf/publicati
ons/hartford.pdf

9. Mentoring and Talent Development Solutions
KNOWLEDGE TRANSFER
Every org has vital in-house
knowledge and skills. Mentoring
ensures:
Skills are passed on
Employees have direct
access to the keepers of
this important knowledge
Personal, informal learning
that’s more engaging than
training manuals, intranets,
and LMS systems

10. Mentoring and Talent Development Solutions
MAKE IT EASY WITH SOFTWARE
Consider software if you:
Have more than 50
participants
Want to reduce your time and
cost by automating matching
and routine tasks
Want to get started fast with
proven guided mentoring
workflows
out of the box
Need to report true business impact
metrics to your leadership
Want to scale your program to more participants or
locations
Chronus software for
mentoring

11. Mentoring and Talent Development Solutions
NEXT STEPS
• Read this entire best practices whitepaper
• Consider software to help you start, manage,
and measure a successful mentoring program
www.Chronus.com
Click here to access our complete whitepaper:
“How to Use Mentoring In Your Workplace”