Mentoring is one of the most effective ways companies can develop internal talent. Attracting top talent is always a priority for growing businesses, but it's equally important to cultivate existing talent. By focusing on internal talent development, businesses can tap into the untapped potential of their employees, fostering loyalty and reducing the need for external hiring.

In this video, Chelsey Baker, founder and CEO of National Mentoring Day, shares her insights from Elite Business Live 2024 on the importance of mentoring within organisations. Chelsey launched National Mentoring Day in 2014, the largest celebration of mentoring globally, taking place each year on October 27.

The day aims to make mentoring accessible to everyone, ensuring employees in all sectors have the opportunity to reach their full potential.

Chelsey discusses how mentoring fosters meaningful connections across departments, improves employee retention, supports mental health, and boosts productivity. She emphasizes the role of mentors as trusted advisors, who guide rather than rescue, and tailor their advice to the mentee's stage of development. Sharing both successes and failures helps build a strong mentor-mentee relationship, unlocking hidden potential.

Key Takeaways:

⭐️ The importance of internal talent development

⭐️ How mentoring improves employee retention and productivity

⭐️ The role of a mentor in guiding rather than rescuing mentees

⭐️ Tailoring advice to avoid overwhelming mentees

⭐️ The power of vulnerability in mentoring

Discover how to get into mentoring, identify your skills, and find or create mentoring opportunities. Learn how sharing your experiences as a mentor can be empowering and transformative.

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