Best Practices in Mentorship
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Corporate mentorship, in most academic literature, is regarded as a developmental partnership between a mentor and a mentee (or protégé) that can engage and fulfill the psychosocial and career support needs of both the mentor and the mentee. Recent Gartner findings suggest that over a 5-year time horizon, mentees and mentors alike are able to experience significant benefits in salary, promotion, and engagement when compared with non-participants. Recent findings suggest that mentorship and sponsorship can also play a significant role in fostering inclusive workplaces and advancing DE&I objectives. Though formal mentoring programs have led to increases in representation of minorities by up to 24% in senior leadership roles, they alone are insufficient in advancing equity of opportunities among the workforce.