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Organizations are continuously faced with the challenge of retaining top talent. Establishing a mentoring program is one value-add that can extend the longevity – and loyalty – of employees. A mentoring program ensures a win-win-win: The mentee wins. The mentor wins. The organization wins. As I see it, there is no downside to hosting a mentoring program in your organization…only an upside.

Mentoring has been formalized into programs, policies and initiatives; repackaged as one of many silver bullets. While there are no silver bullets, mentoring really is crucial for individuals and organizations.

One of the most frequent questions that I am asked as a coach is, “What is the difference between a coach and a mentor?” While the skills required are similar, and both are used as professional development tools, the structure and the outcome are quite different.