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How Mentorship Gives Entrepreneurs a Competitive Edge - RC on Smart Hustle

Updated: Sep 12, 2022

Rebecca discusses how a culture of mentorship drives a successful business in a recent article on Ramon Ray’s Smart Hustle Magazine. Read Rebecca’s five ways to cultivate a culture of mentorship here:

With many companies today struggling to attract and retain talent, a culture of mentorship will put your company ahead of the competition.

Nearly 50 million workers resigned in 2021, according to the Bureau of Labor Statistics, including a record-breaking 4.5 million quitting last November. Even before The Great Resignation, an estimated 33 percent of new hires quit within the first three months, costing businesses one-half to two times each employee’s annual salary to replace them.

The message is clear: a revolving door of employees adds up to big losses in time, money and talent. As a business leader, you can’t afford not to invest in your people.

However, that investment doesn’t have to cause a huge dent in your budget. While competitive compensation is still important, many workers are increasingly motivated by career development opportunities and a positive company culture.

That’s why establishing a culture of mentorship is so beneficial for entrepreneurs growing their businesses. READ FULL ARTICLE

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