Thinking of implementing a workplace mentoring program in your organization? Here are top 26 benefits/ real life examples of workplace mentoring programs which can help you get the buy-in.

1. Mutual Force – Mentoring program benefits
Top 26 benefits or real examples of workplace
mentoring program

2. Mutual Force – Mentoring program benefits
1. In a recent study, Sun Microsystems revealed that corporate mentors were promoted six
times more often than those not in the corporate mentorship program, while mentees were
promoted five times more often then those not in the corporate mentorship program.
(Source)
2. Training alone increases productivity by 22.8% – but training combined with corporate
mentoring has shown to increase productivity by nearly 90%. (Source)
3. KPMG’s “Leaders Engaging Leaders” program pairs 60 top managers (mentees) with
members of the management committee, managing partners, and board of directors. The
program gives the mentees an opportunity to engage with leaders they wouldn’t see if
their day jobs, and also gives them the opportunity to expand their knowledge and
encourage leadership goals. (Source)
4. 77% of companies report that corporate mentorship programs were effective in increasing
employee retention. Stay consistent with your mentoring: 35% of employees who don’t
receive regular mentoring as part of a corporate mentorship program look for another job
within 12 months. (Source)
5. In a study conducted by Sun Microsystems of 1,000 employees over a five-year period, it
was revealed that retention rates were much higher for mentees and mentors (72% and
69%, respectively) than for employees who did not participate in the corporate mentorship
program (49%). (Source)
6. A Fortune 500 company reduced its turnover rate of employees with less than three years
experience from 50% to 20% by starting a corporate mentorship program. (Source)
7. Retention rates are 25% higher for employees who have been engaged in a company
mentoring program, as opposed to employees who choose to not be a part of a mentoring
program.
8. Deloitte uses corporate mentorship to connect high-potential managers (mentees) to
formal mentors. These pairs are matched together for a minimum of two years, and gives
the opportunity for the mentees to advance their careers by working with a section of
leaders that they normally wouldn’t get to see, or interact with, in their day jobs. (Source)
9. An aerospace company implemented an employee career development mentoring
program, engaging over 10,000 of their employees, resulting in increased employee
satisfaction with the company.
10. Allied Irish Bank saw the loss of graduates in their first 12 months of employment at the
company at 25% for some years. An implementation of a corporate mentorship program
resulted in a 2/3rd
reduction in the loss of graduates. (Source)
11. The turnover rate amongst corporate mentorship pairs was 2% in Glaxo-SmithKline’s
finance division, as compared to 27.5% amongst other employees not in the corporate
mentorship program. (Source)
12. A retail bank with 2,800+ branches began a corporate mentorship program with eight
different talent development subsets, including leadership development and diversity
training. Employees were so engaged and enthusiastic at the prospect of corporate
mentorship that participation was 50% higher than expected.
13. Research from Clutterbuck Associates suggests that only one of out every five employees

3. Mutual Force – Mentoring program benefits
looking for a new job will search for openings within the company—but this changes to
four out of every five employees if they’re part of a corporate mentorship program.
(Source)
14. Hartford Insurance implemented a reverse-mentoring program in response to the
changing demographics of their workplace. Junior employees (millennials/mentors) were
paired with senior managers (mentees), and the mentees were able to learn about social
media use and internal communications strategies, while the millennials became even
more engaged with the company and were eager to make a difference. (Source)
15. People with a corporate mentor are only half as likely to be considering moving to a
different employer as compared to those without a corporate mentor. (Source)
16. The ROI for companies that invest in corporate mentorship is 7X the initial investment.
17. Introduction and acclimation into an organization for new employees is made easier by
corporate mentorship—new employees become acclimatized to the company twice as fast
as normal. (Source)
18. Managerial productivity increased by 88% when managers were involved in a corporate
mentorship program, as compared to just a 24% increase when managers received only
training but no mentorship. (Source)
19. A Danish media company used corporate mentoring to coach line managers, resulting in
increased knowledge-transfer and skill development.
20. Corporate mentorship develops leaders. Daimler Tricks has recently rolled out a corporate
mentorship program for all 4,000 of their employees, and has witnessed stronger
leadership, internal connectivity, company engagement, and more, as a result. (Source)
21. A study conducted by Gartner and Capital Analytics of 1,000 employees of Sun
Microsystems saw that 25%of employees who had taken part in the company’s corporate
mentorship program had a salary grade change, as opposed to just 5% of employees who
didn’t take place in the corporate mentorship program.(Source)
22. The same Gartner study saw that 28% of mentors in the corporate mentorship program
also experienced an increase in pay grade, as opposed to just 5% of employees with the
same qualifications as the mentors who chose not to participate in the corporate
mentorship program. (Source)
23. Mentorship programs return excellent value for the time and money it takes, as the ROI of
a mentoring program can be 1,000% of better and constantly grows as the corporate
mentorship program matures. (Source)
24. Female employees part of a corporate mentorship program have reported an increase of
almost 94% in their professional productivity. (Source)
25. Deutsche Bank started a corporate mentoring/sponsorship program aimed at assigning
women to critical positions within the company, as a direct response to seeing many
female managing directors leave the company to take better positions offered elsewhere.
Results, so far, include 1/3rd
of women in this program moving on to larger roles within the
company, while another 1/3rd
have been deemed ready to move up in the company by
senior management. (Source)
26. 44% of CEOs list corporate mentorship programs as one of the three most effective
strategies to enhance the development of women’s leadership and advancement into
senior management.(Source)

4. Mutual Force – Mentoring program benefits
If you are interested to learn more on how to design a corporate/ employee mentoring program,
here is a step by step guide on this.
About Us: We at Mutual Force provide web based mentoring program management software to
create and manage your mentoring program. World class mentor/ mentee training, intuitive user
interface and world class support helps us stand out from the rest. Learn more about us here.
Other references: TD Magazine