Research by Hewitt Associates revealed that companies who invested the most time and resources in on-boarding, enjoyed the highest levels of employee engagement. Investing in preparing employees to be successful at their jobs is a logical step in building a psychological contract which is often ignored by organizations. Under increasing pressure to respond to competitive conditions and to meet ongoing customer demands, organizations have had to negotiate and renegotiate formal employment relationships and the psychological contracts or shared sense of obligations that underlies them (Robinson, 1996: 574). Amidst these rapid changes, mentoring has been identified as one of the essential ways in which new employees can be helped in understanding the culture and expectations of the organization and in turn, strengthening the employer – employee bond. Despite this, one of the sad things that seem to be occurring in all industries today is the lack of mentoring. It seems that everyone is too busy in their jobs to take the time to help others advance their careers.

The value of a good institutionalized mentoring process is multi-fold and difficult to ignore. With good leaders acting as mentors, the mentees – mostly team members, report or a colleague – get to learn new technology, a new process in the organization structure, a new and innovative way to handle customers or close a sale. An organization that fosters a good mentoring culture and environment attracts talent that prefers to learn by the day, innovate, contribute and grow in the rungs.

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.

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