The ROI of Mentorship: There's no better way to invest in your people

Why Mentorship Matters

Have you ever had this experience? You’ve had a day: your flight was late, your baggage has gone mysteriously sideways and your hotel- well, they don’t have a room for you. They are oversold.

Early on in my career I worked for a large hotel full of business guests. And I was the team member on the other side of the counter who got to tell you that we didn’t have a room for you and BTW, would you please return the next day. This can be a tough job for anyone!

Luckily for me, I had a superstar boss who was also an A-1 mentor. From him, I learned the arts of leadership, resolving conflict and listening well. Whew, good luck did strike twice!

If you’re thinking, we can just keep what we have…

Sometimes, we just stick with what we’ve got- this can work, there are many firms with long-term loyalty. Just as often, we bring in new ideas and new leaders and there’s a path for cross-generational mentorship.

BUT, what they may miss out on is the chance to offer professional development and a different perspective to those same employees and an open door to the next leaders coming along behind them.

Mentorship ROI is tangible

We’re all busier than ever these days. The leadership landscape has changed and is definitely more dynamic. Even as we all try to maximize our resources, the ROI of impactful and mindful mentorship is clear.

Studies tell us leadership development accelerates and so does loyalty:

Loyalty improves:

• Employees who participate in mentorship programs are 50%* more likely to stay with their company.

So does productivity:

• Mentored employees report being 67%* more productive than those without mentors.

Employee Engagement gets a boost:

• Mentored employees report 72%* higher job satisfaction rates.

(* stats from Mentorloop)

THIS is how you build a stronger, more resilient and more profitable organization- and a loyal team.

When I work with leaders to harness the power of mentorship, here’s what we do in leadership meetings, team meetings and executive coaching. My new program & consulting is designed to help you:

? Train mentors and mentees for successful partnerships.

? Develop a tailored mentorship program that aligns with your company's goals

? Develop a tailored mentorship program that aligns with your company's goals

And, if you want to get your mentorship plans off the ground, contact me right here on LinkedIn or book in a call here:

https://calendly.com/shannonalter

#Mentorship #Communication #LeadershipSkills #CommercialRealEstate #MultifamiyRealEstate