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The Power of Mentorship: By the Numbers

Mentorship is a powerful tool for both personal and professional development. In fact, according to a recent study by the International Coach Federation (2023), 84% of mentees say that their mentors helped them achieve competence in their roles faster. This is just one of the many benefits of mentorship programs.

In this article, we will explore the latest statistics on the benefits of mentorship programs. We will also discuss how mentorship can help you achieve your career goals.


Benefits of Mentorship Programs

There are many benefits to having a mentor. Mentors can provide you with guidance, support, and advice. They can also help you develop your skills and knowledge.

Here are some of the latest statistics on the benefits of mentorship programs:

 

  • Employee Engagement and Satisfaction:

    • 73% of employees are motivated to do a better job if they feel they have a mentor who cares about them. (SHRM, 2023)
    • 85% of employees aged between 18-24 who are satisfied with their job have a mentor. (CNBC/SurveyMonkey, 2023)
    • Millennial and Gen Z workers who have a mentor are 21% to 23% more likely to report being satisfied with their current job, compared to those without a mentor. (CNBC/SurveyMonkey, 2023)
    • 71% of people with a mentor say their company provides them with good opportunities to advance in their career, compared with 47% of those without a mentor (CNBC, 2019)
    • 94% of employees said they would stay at a company longer if they were offered opportunities to learn and grow (LinkedIn Workforce Learning Report, 2019)
 

  • Career Advancement:

    • Employees with formal mentors are 58% more likely, and those with formal sponsors are 48% more likely, to strongly agree that their workplace provides equal opportunities for advancement to senior management. (Gallup, 2023)
    • 79% of workers with a mentor say they’re well paid, compared to 69% without a mentor. (CNBC, 2019)
    • 25% of employees in a mentoring program had a salary-grade change, compared to 5% of non-participants. (MI Blue Daily, 2019)
    • Mentors were promoted six times more often than those not in the program. (MI Blue Daily, 2019)
    • Mentees were promoted five times more often than those not in the program. (MI Blue Daily, 2019)
 

  • Skill Development:

    • 84% said mentors helped them achieve competence in their roles faster. (The International Coach Federation, 2023)
    • Millennials and Gen Z see learning as a critical element for career growth. (Jobera, 2025)
 

  • Overall Impact:

    • 98% of Fortune 500 companies have a corporate mentorship program, and 75% of executives credit mentors with helping them reach their current positions. (Forbes, 2024)
 
    • Organizations with mentorship programs have high retention rates and comparatively high employee engagement. (Jobera, 2025)
 

These statistics show that mentorship can be a powerful tool for businesses and individuals alike. By providing employees with access to mentors, companies can improve employee engagement, satisfaction, retention, and skill development.


How to Find a Mentor

If you’re looking for a mentor, there are a few things you can do:

  • Network with people in your field.
  • Ask your boss or colleagues for recommendations.
  • Use online resources, such as You2Mentor, LinkedIn and Twitter.

Once you’ve found a potential mentor, be sure to reach out and introduce yourself. Let them know what you’re hoping to gain from a mentorship relationship.

Mentorship is a valuable asset for both mentors and mentees. If you’re looking to advance your career, finding a mentor can be a great way to do it.

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