Increase retention with mentorship
Limit turnover and build a culture that attracts top talent through meaningful mentoring programs.
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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
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Seamlessly match top talent from across the organization
Give employees access to the growth and learning opportunities they crave by pairing them with experts
and mentors across your organization.
and mentors across your organization.
“The pairing for mentoring is seamless with the Together Platform. Prior to having the platform, it took at least 8 people and a couple of weeks to get it done.”
Sheila B, ITA Team Lead
Structured sessions keep talent thinking about growing within the company
Customizable session templates drive employees to grow so they won’t dream of leaving to pursue other opportunities.
“[Together] helped me match with my mentor and gave us a structure to our sessions. It helped me learn a lot and now I am up for my second promotion in 1 year!”
Capterra review: Diana-mihaela B, Together mentee
See who’s disengaged and at risk of turnover with our Health Monitor dashboard
When you power your mentorship or peer learning program with Together, you’ll see which employees are growing and which are disengaged.
“When we implemented Together Mentorship we saw our culture do a 180. People in different departments were forming genuine relationships which ultimately benefited the workplace experience.”
G2 review: Program manager in sports industry
With employee connection programs:
You’ll attract more top
talent to apply for your open requisitions.
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.
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.
$18,000,000
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.
$5,400,000
Drive retention with a best-in-class mentoring program. Learn more about how Together’s platform makes it easy to get started.
Increase retention with best-in-class mentoring programs
Schedule a personalized demo with our team of experts, or take a self-guided tour.
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