Related to retention and engagement, mentoring is used to engage and coach employees to grow to their full potential. Mentoring helps in the identification and focus of specific needs for development, and it pairs employees with others who are dedicated to developing in a truthful, safe, one-on-one work relationship. These relationships, based on low cost experiential learning, expand professional networks, promote diversity and inclusion, and increase engagement. This heightened sense of associate commitment results in reduced turnover, which allows Yum to build a stronger talent bench. Mentoring is one of the main reasons why Yum happens to be an employer of choice. (Emelo, 2011)

Mentoring has been deemed as a key employee development and career management tool in organizations (Finkelstein & Poteet, 2007). It enhances employee skills, aids socialization to a new work setting, and improves career outcomes. Meta-analyses has also confirmed the positive relationship between mentoring and proteges’ career outcomes such as salary, promotions, career satisfaction, and perceptions of advancement opportunities, to name a few (Allen, Eby, Poteet, Lentz, & Lima, 2004; Eby, Allen, Evans, Ng, & Dubois, 2008; Ng, Eby, Sorensen, & Feldman, 2005). Mentor benefits include improved job performance, recognition and visibility, sense of fulfillment, and having a loyal support base (Eby, Durley, Evans, & Ragins, 2006; Ragins & Scandura, 1999). Potential organizational benefits include higher organizational attraction among job applicants (Allen & O’Brien, 2006), organizational commitment (Payne & Huffman, 2005), and talent pool development, performance, and productivity (Ramaswami & Dreher, 2007).

Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

Calculate APR