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"The Program exceeded expectations" Mentoring reduced turnover of graduates from 30% the previous year to zero in 2002.

Margaret Fletcher, Manager, Training & Development, Tower Life Australia Ltd

 

 

The Mentoring News

Newsletter 10 Pareto Principle

Hi

Ann Rolfe here with the latest Mentoring News.

What can an 18th century economist teach us about mentoring? Just this: one simple principle that may be the single most important factor in a successful mentoring relationship!

Vilfredo Pareto (1848 -1923) described a phenomenon now known as the 80:20 rule. Pareto's principle generalises to a surprising number of areas. 80% of revenue comes from 20% of customers, 80% of problems come from 20% causes, 80% of results come from 20% of activities. In mentoring the 80:20 rule can be applied in at least two ways:

1. Listening

Good mentors spend 80% of their time listening and only 20% speaking. What this also means is that mentorees must be speaking 80% of the time! Sharing their goals, interests and concerns.

2. Content and Process

  • Content is what is spoken about. The subject, topic, goals discussed.
  • Process means how a topic is discussed. The tools, techniques, models applied to address an issue.

 

This is an extract from Mentoring Tip # 13. If you would like the full text (one-page) email info@mentoring-works.com with "Send Tip 13" in the subject line.

Consider supporting your mentoring program with regular Mentoring Tips from the international mentoring specialist. Receiving Mentoring Tips on a regular basis:

  • Provides mentors with ongoing information, tools and motivation;
  • Keeps participants engaged in the process; and
  • Informs managers mentoring techniques and benefits

 

One-page informative and easy-to-read tips cover a range of topics to help your mentors be the best they can be. Volume 1 of Mentoring Tips 1-12 is available now. USD$220.00 licenses unlimited in-house reproduction. For more information email info@mentoring-works.com

 

I hope you have enjoyed this edition of the Mentoring News, you can find some great free resources and excellent mentoring products at www.mentoring-works.com

Ann Rolfe