Attract and retain talent by starting a mentorship or peer learning program

Become a company known for accelerating employee growth with Together’s world-class mentorship and peer learning programs.
Product screenshot of Together's platform showing 240 active pairings in a mentoring program

The numbers speak for themselves:
mentorship supports recruitment and retention

Randstad decreased turnover by 49% among employees in a mentorship program powered by Together.
Source: Together
Millennials who have mentors are 68% more likely to stay at a company for more than 5 years.
Source: Deloitte
Retention rates for employees who are mentors or mentees are 20% higher than employees who are not.
Source: Wharton University of Pennsylvania
Man sitting at desk with laptop open

The best companies leverage Together to level up their retention strategies and employer branding

With employee connection programs:

You’ll attract more top
talent to apply for your open requisitions.
Your existing employees won’t dream of leaving because they’d be giving up great opportunities to learn and grow.
You’ll build a compelling employer brand that
employees love.
Your company culture will be more inclusive and employees will have a sense of belonging.

Calculate how much mentorship can save you in turnover costs

Identify the value a mentorship program can have on your organization by increasing retention rates.

Number of participants (mentors + mentees)

Average employee salary

Average annual employee turnover rate

Turnover rates vary widely company to company but the average benchmark for US companies over the last two years is about 20% according to Gartner and Mercer data.

Cost of employee turnover (% of salary)

The costs of employee turnover vary depending on their seniority. For this calculation, we’ve set the default to 75% of the employees salary as that’s the average replacement cost for professional employees.

Reduction in turnover from mentoring

A study by Sun Microsystems found that several years after running a mentorship program, retention rates were an average of 70% versus 49% of those who didn't participate in the program. Therefore, we’ve set the default value to 30% as a benchmark to expect from your mentoring program.

Cost of employee turnover (annual)

The cost of employee turnover is calculated by first multiplying the number of employees by the avg employee turnover percentage to estimate the number of employees that will leave each year. Secondly, you multiply that by the cost of employee turnover (% of salary) to get the total cost.

Value of mentorship (annual)

The value of mentorship is calculated by multiplying the reduction of turnover from mentoring (as a %) by the cost of employee turnover.

Drive retention with a best-in-class mentoring program. Learn more about how Together’s platform makes it easy to get started.

Graphic of Together's rating of 4.9 out of 5 on the G2 review site with a recognition for being the most user friendly mentorship software