Mentoring – High Impact Low Cost Strategy to Engage Employees

Adult development and career theorists have long espoused the benefits of having a mentoring relationship for an individual’s personal and professional development (Dalton, Thompson, & Price, 1977; Hall, 1976; Kram, 1985; Levinson et al., 1978). Since these seminal studies, quite a lot has been learned about the nature and benefits of traditional forms of mentoring. A “traditional” mentoring relationship is one in which a senior person working in the protege’s organization assists with the protege’s personal and professional development (Fagenson, 1989; Ostroff & Kozlowski, 1993; Ragins & McFarlin, 1990). Moreover, the “mentor” generally provides high amounts of both career and psychosocial assistance (Thomas & Kram, 1988).

The current business scenario demands a new set of core leadership competencies including -managing uncertainty, dealing with ambiguity, and leading with strategic agility. Promising talent has the greatest opportunity to develop these competencies if they are part of a collaborative learning experience. (Kaye, 2009) Establishing leadership programs creates a support network that provides resources in understanding corporate culture, accountability, team interaction and most importantly the unspoken rules of business engagement. Mentoring programs are a proven method for generating professional interest and commitment to the firm or department. (Arms, 2010).

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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