Mentors For Women Announces Call for Investments: An Integral Growth Opportunity for Women and Corporations
Mentors For Women seeks investments to enhance mentorship for women in the workplace. The initiative supports professional growth, autonomy, and diversity, boosting retention and productivity.
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Mentors For Women announces that they are open to investments to expand their capacities in uplifting women in the workplace. Founded by Diane Faben, Mentors For Women is a UK-based organisation that provides mentorship programs for women looking to grow professionally and personally. With over 30 mentors across the globe and more to come from diverse backgrounds, an art corner to showcase women artists’ works, a to place share stories and experiences, and a training service to develop mentorship skills, Mentors For Women creates a safe space for all women to learn, grow, find community, and support each other toward their highest potentials.
One out of every five employees in the UK leave their jobs every year. A country-wide turnover rate of 20% denotes a comprehensively poor work culture, with the primary drivers of people annually looking for new employment being pay considerations, stress, and dissatisfaction. Moreover, high attrition can cost corporations £25,000 per employee to replace workers and the lost productivity when they leave.
The crucial commonality and issue at the heart of increasing turnover rates year after year is that employees do not have a voice or autonomy in the workplace. When corporations institute employee participation in decision-making processes, research finds that employees tend to stay longer.
Employee attrition and retention and their lack of voice are additionally related to DEI efforts within companies. A lack of support for diversity in company culture hurts retention efforts, and a lack of flexibility for workers leads to more women leaving the workforce.
The Indeed & Glassdoor report of 2023 showed that while there was a surge in mentoring programs during COVID-19, progress has decelerated since, an indicator that providing support for employees is a significant component of increasing retention. Mentorship programs have the combined effect of developing employees and their autonomy while advancing DEI within companies.
Mentors For Women provides corporations with mentorship initiatives that benefit employee development and profitability on all counts. By cultivating a space for women that is equally as supportive as it is ambitious, mentors encourage career women to meet their potential head-on, rise through the ranks, and save companies the trouble of replacing employees by enabling increased satisfaction and autonomy.
Mentors For Women serves women looking to develop their self-leadership and companies that want to develop a mentorship initiative within their doors. It also provides a training service to teach aspiring mentors how to best guide their mentees.
The diversity of mentors within the company empowers women no matter the circumstance, as they cater to their different needs at varying times. As a paid subscription service providing access to experienced and professional mentors at multiple organisational levels, this allows both companies and women to maintain their growth. Studies show that when companies are more gender-balanced at all levels of their operation, profitability and productivity increase by 63%, and retention rates increase by 60% across industries. As Diane explains, “When there’s no value, you’ve got no skin in the game, and it’s easy to fall back into old patterns of docility and complacency. We have built something that has value that will have you get the most out of it. It’s an investment in women and your company.”
Diane seeks funding to grow Mentors For Women into an essential service for women in the workforce. “I want it to be something that women do automatically, forgoing one pair of shoes a year,” Diane says. “I want to build a community to effect universal change.”
Email: diane.faben@mentorsforwomen.com
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