Bill Gentry and Rich Walsh provide some sobering statistics in their white paper titled "Mentoring First-Time Managers - Proven Strategies HR Leaders Can Use". Here are a few they shared:
58% of new managers receive no formal management training or development at all before transitioning into leadership roles
20% of FTMs do a poor job, according to their subordinates
26% of FTMs felt they were not ready to lead others
A survey by Manchester International said 40% of newly promoted managers fail within the first 18 months.
With these kinds of statistics, it's uncertain why more organizations don't offer a formalized mentorship program for their management team - especially first time managers.
Gentry and Walsh provide some great tips on starting and strengthening a formal mentorship program. Check out the full white paper for details.
Bill, Rich - thanks for another great piece.