Firm named one of Best Workplaces in Canada for sixth consecutive year
TORONTO, April 12 /CNW/ - Creating robust mentorship programs is one of
the most effective ways for businesses to invest in their people and
retain talent, says Ernst & Young, one of Canada's "Best Workplaces"
"Most employees want to grow their careers. That's why we spend a lot of
time mentoring and sponsoring our people," says Stephen Shea, People
Managing Partner with Ernst & Young. "Being named one of Canada's Best
Workplaces is an encouraging sign that we're on the right track."
Ernst & Young has a range of targeted mentorship programs designed to
meet the professional needs of all its people, particularly women,
minorities and new immigrants. Mentoring is important to helping
employees build on their experiences, develop their talents further and
network with senior leadership. It's also an effective way for
businesses to build a healthy pipeline of future leaders and carry out
their succession plans.
But beyond mentorship, company leaders should focus on sponsoring
high-performing staff. "Sponsoring is different than mentoring because
sponsors take a more active role in the employee's career," notes Shea.
"Sponsors advocate and support less experienced professionals and help
them get the operational roles and experiences they need to gain
positions in leadership."
"But don't focus on people with the same leadership styles and
characteristics because that will limit your available talent pool,"
cautions Shea. "Considering how over 20% of the Canadian workforce is
made up of immigrants, businesses would be losing out if they fail to
tap into its diverse workforce."
Ernst & Young's mentoring programs include the following:
A reverse mentoring program in which women and visible minorities mentor
Ernst & Young leaders on diversity and inclusiveness issues
A mentorship program in which members of Ernst & Young's executive
committee monitor the professional development of select
high-performing or high-potential women and visible minority managers
or senior managers
A one-on-one coaching program to help all international new hires
integrate more quickly and effectively into their new jobs at Ernst &
Young and into their new lives in Canada
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and
advisory services. Worldwide, our 141,000 people are united by our
shared values and an unwavering commitment to quality. We make a
difference by helping our people, our clients and our wider communities
achieve their potential.
For more information, please visit ey.com/ca.
Ernst & Young refers to the global organization of member firms of Ernst
& Young Global Limited, each of which is a separate legal entity. Ernst
& Young Global Limited, a UK company limited by guarantee, does not
provide services to clients.
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