1 / 9

The Importance of Mentorship

The Importance of Mentorship. Linda K. Stone, FSA On Behalf of The Forum of Executive Women stone.linda.k@gmail.com 215-704-7131. Why is Mentorship/Sponsorship Important?. Catalyst Research Says… Having a mentor led to more promotions and greater compensation

ellema
Télécharger la présentation

The Importance of Mentorship

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Importance of Mentorship Linda K. Stone, FSA On Behalf of The Forum of Executive Women stone.linda.k@gmail.com 215-704-7131

  2. Why is Mentorship/Sponsorship Important? • Catalyst Research Says… • Having a mentor led to more promotions and greater compensation • It matters where your mentor is in the organization • Women whose mentors were highly placed in the organization, and who could also advocate, benefitted most • Center for Work-Life Policy Research Says… • Advocates/Sponsors facilitate stretch assignments • Advocates/Sponsors impact pay • Advocates/Sponsors create career traction • Advocates/Sponsors open doors

  3. What is a Mentoring Relationship? • Partnership • Readiness, willingness, openness • Work collaboratively toward goals • Role of Mentor (NOT your manager or supervisor) • Advisor/Coach • Shares insights/institutional knowledge • Offers feedback and support • Role of Mentee • Asks for advice • Encourages feedback • Follows through on activities • Welcomes growth and change

  4. How to Find Your BEST Mentor – Part 1 • Understand yourself, your career goals, and your specific challenges… • Then think about who is in the best position to help you (i.e. are you at a transition point, looking to develop a specific skill, have work-life balance issues, or looking for a big picture guide) • Think about… • Who has the skills and/or experiences you desire? • Who has taken an interest in you? • Who has the willingness to spend time, listen, and teach? • What attributes matter most to you (e.g. gender)? • Who can you trust? • Who can you communicate with effectively? • Who do you have good chemistry with?

  5. How to Find Your BEST Mentor – Part 2 • Then… • Be proactive • Be clear about time and level of commitment • Formal “ask” (“why me”) vs. building relationship one step at a time (ask for advice and take it) • Cast a Wide Net • Your company, industry groups, networking and/or alumni organizations, social media • Types of Programs • Board of Directors approach • Formal; can be company sponsored • Informal; can be peer, circles, one on one

  6. How to BE a Mentor • Desire to focus on others, find out what makes them “tick”, and LISTEN • Make mentee’s needs a priority • Give help unconditionally • Give honest feedback • Help mentee achieve full potential even if their goals differ from yours • Look for a mentee who seizes opportunities and lives up to commitments • Help mentee see the big picture and navigate office politics • ADDED BONUS: Being a mentor helps YOU develop a better idea of how to work with a mentor yourself

  7. How to Structure Relationship • Mutually agreed upon • Formalize goals • Structured meetings • Two-way street • Reverse Mentoring

  8. Importance of Sponsorship • A sponsor is someone who has a seat at the table and who actively and visibly advocates on your behalf for pay, promotions, and opportunities • They have leverage and can make things happen • They benefit from the identification of and development of the next generation of leaders • They look for opportunities to increase your exposure to higher levels in the organization • Your challenge: How to get exposure to potential sponsors and how to build a network with those at the level to which you aspire

  9. Create Your Action Plan • Identify your career goals, current challenges, and opportunities • Think about who you know and would like to know that can help you with the above • Learn about your company’s pay/promotion/talent management process (e.g. who gives feedback, who makes decisions, who has a seat at the table) • Plan your approach • Be someone others want to mentor/sponsor • Make it happen!

More Related