How to Craft a Key Retention Strategy: Mentoring
Recruitment of talent is one issue. But the retention of talent looms as an ever-larger concern for organizations seeking to be resilient in the future. According to a Deloitte study, 83% of companies are seriously worried about their leadership pipelines yet only 8% of companies have strong programs to build leadership skills in their millennial populations.
DANGER: By 2020 2/3 of millennials are poised to leave their company. Training to replace costs companies between $15,000 - $25,000.
SOLUTION: Research shows that mentoring is the quickest way to advance people and keep them.
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