Here at MentorcliQ we believe mentoring is a powerful tool to help leading organizations engage, develop, and retain their employees. To support our belief we conducted research with our clients and found that mentoring plays a critical role in the numerous aspects of employee development, engagement, retention, and productivity.
We found that within each company there was personal and professional development happening which positive impacted the careers of each participant. This translates to a more engaged and productive workforce, leading to increased return on investment (ROI) of the mentoring programs. Below are some of our key findings for relationship satisfaction, developmental focus areas, participant engagement, productivity, retention, and most importantly, ROI.
Top Development Areas
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Award Winning ROI
Our findings above, when layered with retention based ROI analysis, support the idea that investing in your employees professional and personal growth through mentoring positively impacts your bottom line. This profitability comes from improved employee retention, enhanced work output from engaged staff, and from employees having a richer understanding of corporate culture and goals which flow from a structured mentoring program. Learn more about measuring Retention Based ROI here.
19x ROI as a result of a 41% decrease in employee turnover |
$5.2 million in retention savings as a result of a 50% decrease in employee turnover |
55x ROI as a result of a 76% decrease in employee turnover |