More Than a ‘Nice-to-Have’: Why Mentorships Can Help Your Bottom Line

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Mentorship programs are often viewed as a win-win for mentees and mentors. 

It’s easy to see what a person can gain from having a mentor: Expert advice, insider knowledge, skills development, and a larger network are but a few possible upsides. Mentors, too, can benefit from a mentorship relationship, gaining leadership experience, improved communication skills, and the satisfaction of helping someone advance in their career. 

But creating an effective mentorship program isn’t simply an act of doing employees a favor. 

Research shows that organizations that create formal mentorship programs come out ahead of organizations that don’t in

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