Neustadt Consulting
Neustadt Consulting - Employee Retention and Engagement Issues

Mentoring

Problem: Global, fast-paced organization has cut back on training, reduced staff overall and though business is down demands on the existing team are heavy.

Solution: Neustadt Consulting was hired to come in and work with the CEO, HR SVP to find solutions to keep information flowing from long tenured senior executives to new leaders. Three key mentoring programs were formed. We matched small groups of high potential professionals with a senior level mentor to meet monthly to discuss key business challenges, trends and changes. We launched an open mentoring program for all motivated employees to select their own mentors. Using the corporation's intranet site we provided guidelines, assessments and ground rules for forming successful mentoring relationships. Then using short video clips and on-line wiki type technology, we're rolling out a virtual mentoring program that supports development despite travel restrictions and time zone issues. Our next phase will utilze those at the end of their careers, facing retirement, hiring them as mentors, matching them in one-on-one relationships as well as large group speaking appearances and web-enabled conversations across the businesses.

transferring the knowledge and wisdom to the new leaders...

American businesses are facing a huge crisis with the economy as well as baby boomers walking out the door, taking with them all their years of wisdom, long term relationships built over time. Are your leaders grooming the next generation? Or are they alienating them? You've never seen mentoring like this. Group mentoring creates small dynamic networks enhancing both peer mentoring and vertical communication. Virtual mentoring the way Neustadt does it is exciting and right on time.