Management Tip of the Day: Offer three types of mentoring

To attract and retain great people, several things need to coalesce, and effective mentoring is a key element, says Harvard Business Review.

The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org (http:\\www.hbr.org). Any opinions expressed are not endorsed by Reuters.

"Companies with abundant mentoring opportunities are more likely to retain their people. To achieve this, offer a range of mentors for people at different career stages.

Here are three types of mentoring you should consider:

1. Buddy or peer mentors. In the early stages of a person's career, a "buddy" can help speed up the learning curve. This relationship helps the protege understand how things work at the organization.

2. Career mentors. After the initial period at a workplace, employees need to have a senior manager serve as a career advisor and advocate.

3. Life mentors. A life mentor serves as a periodic sounding board when one is faced with a career challenge. Organizations can't necessarily offer a life mentor but they can encourage seeing one."

- Today's management tip was adapted from "Keeping Great People with Three Kinds of Mentors," by Anthony Tjan.

Source:http://www.moneycontrol.com/news/wire-news/management-tipthe-day-offer-three-typesmentoring_602063.html