A presentation for an ACSA Women's Leadership Network. Dr. Dawn Smith shares from the research regarding the importance of sponsorship in a person's career advancement.
2. Mentorship and
Sponsorship
Both mentoring and sponsorship are critically
important to career advancement
Research conducted at the Center for Talent
Innovation (CTI) shows sponsors, not mentors
provide real career traction
Pay raises
High profile assignments
Promotion
3. What is a Sponsor?
An influential backer who believes in YOU
Someone who will get you to the top
Goes out on a limb for you
Opens the door to your next job
Introduces you to the right people
Makes a case for you in those top-level conversations
that could make or break your career
4. Sponsorship
The idea of sponsorship has recently gained momentum as companies
aim to move more women into corporate leadership positions
Deloitte, PepsiCo, Intel, GE, Raytheon, AT&T, Citigroup, Morgan and
Stanley, and American Express have launched new sponsorship
programs aimed at helping women executives find sponsors
The latest research shows that the vast majority of both men and
women feel more satisfied with their rate of advancement when they
have sponsors
A culture of sponsorship is good for everybody
Between 2008 and 2010, managers who sponsored protégés earned an
average of $25,075 more than their peers who did not
The ability to spot talent and help nurture is an asset to senior managers
5. Differences Between
Mentoring and Sponsoring
Mentor
Talks with you
Advises
Helps to prepare you to move up
Identifies strengths and areas of
growth you may not see in yourself
Helps you navigate the corporate
ladder (the unwritten rules)
Provides a sounding board,
shoulder to cry on, support, and
guidance
Little is expected in return
Sponsor
Talks about you
Acts
Makes sure you have all the right
roles
Connects you to important players
and assignments
Offers guidance and critical
feedback because they believe in
you
Expects stellar performance
Expects your loyal support (trust is
at the heart)
Benefits from your success (no one
gets to the top alone)
More risky than mentoring (spend
political capital)
6. Importance of Sponsorship
High-potential women are over-mentored and undersponsored relative to their male peers
According to a Harvard Business Review (2010)
study of 4,000 MBAs of both sexes, men are still
more likely than women to have powerful sponsors
(as reported by Catalyst, a nonprofit research group)
Without sponsorship, women are less likely than
men to be appointed to top roles and maybe more
reluctant to get them
7. How to Find a Sponsor
You don’t really choose a sponsor. They have to choose you
Identify higher-ups who impress you
Performance counts (You must earn this type of investment)
Demonstrate you will deliver outstanding performance
Always make your boss look good
Be confident
Have a thick skin and take feedback well. Act on any given advice
Build on mentoring relationships
Be strategic—clout, not style will turbo charge your career
Two-levels up
Nurture relationships with multiple potential sponsors
Let potential sponsors see you in action
You need to become a known entity
Volunteer for big/visible assignments, attend conferences, and become active in your industry
Show you are hungry for an opportunity
Suggest improvement in the way things get done
8. The Challenge
“Everyone who has realized an amazing vision or exerts remarkable
influence can and will point to a series of sponsors, powerful individuals
who helped pull them up and fund their ventures or clear a path forward.
There are no exceptions.”
--Sylvia Ann Hewlett
9. References
Alsever, J. (2012, May). Want to move up? Get a sponsor. Fortune, 165(7), 53-54.
Fisher, A. (2012). Got a mentor? Good. Now find a sponsor. CNN Money.
Retrieved from http://management.fortune.cnn.com/2012/09/21/
women-mentorship-sponsorship/
Hewlett, S. A. (2014). Forget a mentor, find a sponsor: The new way to fast track your
career. Boston, MA: Harvard Business Review.
Hewlett, S.A. (2013). Mentors are good. Sponsors are better. New York Times.
Retrieved from http://www.nytimes.com/2013/04/14/jobs/sponsorsseen-as-crucial-for-womens-career-advancement.html?_r=0
Schawbel, D. (2013). Sylvia Anne Hewlett: Find a sponsor instead of a mentor.
Forbes. Retrieved from http://www.forbes.com/sites/danschawbel/
2013/09/10/sylvia-ann-hewlett-find-a-sponsor-instead-of-a-mentor/
10. References
Alsever, J. (2012, May). Want to move up? Get a sponsor. Fortune, 165(7), 53-54.
Fisher, A. (2012). Got a mentor? Good. Now find a sponsor. CNN Money.
Retrieved from http://management.fortune.cnn.com/2012/09/21/
women-mentorship-sponsorship/
Hewlett, S. A. (2014). Forget a mentor, find a sponsor: The new way to fast track your
career. Boston, MA: Harvard Business Review.
Hewlett, S.A. (2013). Mentors are good. Sponsors are better. New York Times.
Retrieved from http://www.nytimes.com/2013/04/14/jobs/sponsorsseen-as-crucial-for-womens-career-advancement.html?_r=0
Schawbel, D. (2013). Sylvia Anne Hewlett: Find a sponsor instead of a mentor.
Forbes. Retrieved from http://www.forbes.com/sites/danschawbel/
2013/09/10/sylvia-ann-hewlett-find-a-sponsor-instead-of-a-mentor/