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The impact of mentorship

July 1st, 2024

career, mentorship

Professionals with access to mentoring have a 22-34% higher salary.

Groups with mentorship access usually have a bigger increase in salary over the years.
Groups with mentorship access usually have a bigger increase in salary over the years.

But, what makes mentoring productive?

Your mentor should be someone who has relevant experience in the subject you want to learn.

If you want to be a CTO one day, look for someone who has experience leading teams.

If you want to work outside the company, look for someone who works or has worked for some time.

A mentoring relationship is a win-win.

As a mentor, it helps you grow, help others, and become a better leader in your career.

As a mentee, you will be able to gain a unique perspective on the situations you deal with. Understand how another person's experience can help you in your day-to-day life.

For leaders in companies: consider encouraging an internal mentoring program.

That's how I met my first mentor, who was responsible for ensuring that I received feedback that exceeded expectations in my first promotion cycle, after only 6 months of employment.

In addition, companies with mentoring programs have up to 64% lower employee turnover.

Source of the graph and data.