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Does your company have a formal process in place for mentoring employees?

Scout Young's Profile

And do you believe one is necessary for helping employees improve and move up within your company?

Answers

Topic Expert
Regis Quirin
Title: Director of Finance
Company: Gibney Anthony & Flaherty LLP
LinkedIn Profile
(Director of Finance, Gibney Anthony & Flaherty LLP) |

I worked for a very large company that had a program called "The MDP Program." For two years, these individuals rotated from area to area. It was a very smart program as when these individuals were finished, they were well rounded in the activities of the company.

But, these formal programs are very expensive. Benefits are not realized immediatley and you risk training your competitors' employees. I know they offer tremendous value, but it must be implemented in conjunction with a retention program or employment agreement. If not, you risk watching your investment walk out the door.

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