This latest episode is centered around discussing how mentorship directly impacts our bottom line in business and personal career based on real-world examples and decades of research. I speak about this topic with a returning guest on the show, co-author of a new book and practical step by step guide just published called "Financial Times Guide to Mentoring", Dr. Ruth Gotian, Chief Learning Officer at Weill Cornell Medicine in New York.
Dr. Gotian is a globally recognized mentorship expert by Nature, Wall Street Journal and Columbia University who named her a top 20 mentor worldwide, a mentorship thought leader ranked by Thinkers50 as the #1 emerging management thinker in the world in 2021, award-winning book author of "The Success Factor" previously featured on Alloutcoach, and prolific contributor to Harvard Business Review, Forbes, and Psychology Today having interviewed Nobel Prize winners, astronauts, Olympic champions, leading physicians and scientists of our time, among others.
0:00 Episode Highlight
0:44 Episode and Guest Introduction
3:08 Advantages and disadvantages of formal versus informal mentorship programs
61% of mentorship is informal. Formal mentorship programs can however be a launching pad for those uncomfortable to seek out mentors or mentees
5:23 Why is it crucial to find mentors outside of your direct line of management?
It is important to diversify mentors in case they leave or you decide to leave.
7:14 Shared experiences in mentorship and how to identify informal mentors
Steve Kerr, NBA champion and coach's example of his lesson from a football coach and mentor: Mentorship is more than technical coaching or shared experiences. It is about shared values and the kind of culture you create in a relationship.
9:13 How mentors make impact business bottom line and job satisfaction
Those who have a mentor earn more, are happier at work, and stay longer. 89% of employees with mentors feel their contributions are valued by others.
11:28 Most common barriers and misconceptions in mentorship
15:36 How do you continue to learn informally despite higher titles or roles?
18:29 What proportion of mentorship should be informal vs. formal or experiential?
22:40 Should minorities, women, etc seek mentors with the same background?
24:41 What surprised Dr. Gotian during the writing process of her latest book?
25:45 How Dr. Gotian and her co-author Andy Lopata complement each other?
27:52 How do you tell when mentorship is successful?
29:38 Biggest achievement with "Financial Times Guide to Mentoring"
31:11 How Dr. Gotian is stretching herself and lifting others in her next projects