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Businesses depend on effective leadership. That is one of the main reasons that organizations need to have a solid succession plan in the event their CEO leaves. Yet, while many understand succession planning is important, research has found that companies could do more to guarantee a smooth transition.

Succession planning is the process of identifying upcoming leaders to replace employees who are retiring. It also involves preparing employees for the transition. As more and more employees retire from the workforce, planning for succession has become a major concern for organizations. 

January marks the 19th National Mentoring Month. Throughout the month there are various mentoring-focused activities and celebrations planned. While the focus has largely been on increasing the number of youth that are being mentored, statistics show there is also a growing need for more mentors in the workplace too. 

Workplace mentoring programs can become better and stronger by employing the right apps. 

Email communication is still one of the most popular ways to connect with co-workers, including mentors. One study found that 77 percent of people prefer to use email at work. For workplace mentoring program participants who are engaged in cross-country or long-distance mentorships, email can be the best way to stay in touch. 

Workplace mentoring programs offer a lot of benefits to organizations. While there are many good reasons for companies to have a mentoring program, there are three main ways that mentorships can help solve many of the issues businesses face today. Successful mentoring programs at work can be a cost-effective way to boost employee engagement, talent and lower your turnover rate. 

Workplace mentoring programs are on the rise and the results are the reason why. 

Developing a workplace mentoring program can be a challenge, which is why some organizations opt for mentoring templates. However, utilizing someone else’s formula for successful mentoring is not going to work for every organization.

Workplace mentoring programs have been proven to be one of the best ways to reengage employees and reduce turnover rates. To establish a successful mentoring program, there are some tools that can help participants and the organization along the way. 

Workplace mentoring programs have become one of the biggest ways that employers are connecting and training employees. Over 70 percent of Fortune 500 companies have mentoring programs in place. A major component of the success of these programs is proper training for mentorship.