JP Morgan Partners (New York City) has both mentoring and coaching programmes in place for the company's 400 employees. Supporting this is an annual award for mentor of the yea. The result: Employee turnover is approximately 2% among those the company want to keep. Competitors were claimed to have 25% to 30% turnover in this same area....
BPIR Categories9.5.1 Develop performance management approach
9.5.5 Manage reward & recognition programs
9.4.8 Reinforce use of knowledge and skills on the job