The Importance of Mentoring

A recent report issued by Deloitte found that chief execs of companies rate mentoring as the second most useful method of improving staff skills. It's also one of the cheapest.

And yet, it's only the fourth most used method. So why isn't it being used more? Particularly considering the skills shortages affecting many businesses of all sizes. Why not take advantage of the expert knowledge, experince and different perspective of those more experienced to increase your skills? You don't need to be mentored by someone within the business - external mentors with relevant skills can be just as, if not more, useful and valuable.

Rated first is in-house training.

Source: BRW May 1-7, 2008, pg. 12.