Abstract from Intern Bridge:
While the concept of Mentoring has been embraced, the successful execution of often falls short. And when it comes to building a premier Internship Program, what better place to start. A recent study by the American Society of Training & Development (ATSD) shows us exactly how powerful the results can be when a solid Mentoring Program is executed properly:
- Development: More than 60% of college and graduate students listed mentoring as a criterion for selecting an employer after graduation and 76% of Fortune’s top 25 companies offer mentoring programs.
- Productivity: Managerial productivity increased by 88% when mentoring was involved, versus only a 24% increase with training alone; 71% of Fortune 500 companies use mentoring to assure learning occurs in their organizations.
- Retention: 77% percent of companies report that mentoring programs were effective in increasing employee retention; 35% of employees who do not receive regular mentoring look for another job within 12 months.
- Promotion: 75% percent of executives point to mentoring as playing a key role in their careers; and 44 percent of CEO’s list mentoring programs as one of the three most effective strategies to enhance women’s advancement into senior management.
In this newly published paper by Dr. Orin Davis and Intern Bridge, the nation’s premier college recruiting consulting and research firm, you will have the “inside-track” on mentoring your interns and entry-level talent.