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Richie Kratz: The Advantages of Workplace Mentoring

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Wall Street executive Richie Kratz began working for his HSBC Securities, Inc., in 2004. The recipient of a bachelor’s degree in business administration from Villanova University, Richie Kratz mentored recent Wall Street hires and graduates of the Villanova Finance Club from 2007 to 2009. During that time, he provided valuable training to his mentees and he increased his own leadership skills and experience instructing new employees.

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Richie Kratz: The Advantages of Workplace Mentoring

  1. 1. RICHIE KRATZ: THE ADVANTAGES OF WORKPLACE MENTORING By Richie Kratz
  2. 2. Introduction  Wall Street executive Richie Kratz began working for his HSBC Securities, Inc., in 2004. The recipient of a bachelor’s degree in business administration from Villanova University, Richie Kratz mentored recent Wall Street hires and graduates of the Villanova Finance Club from 2007 to 2009. During that time, he provided valuable training to his mentees and he increased his own leadership skills and experience instructing new employees.
  3. 3. About Workplace Mentoring Programs  Workplace mentoring programs offer win-win- win situations for all parties involved. The most obvious party to benefit, the mentee, learns how to do his or her job better through hands- on training from experienced employees with greater industry knowledge. Mentored employees also feel less isolated in the workplace because, if they have any questions, they know where to go for answers.
  4. 4. Conclusion  Employers and mentors benefit from workplace mentoring as well. Employers improve their retention rates by making new staff feel more welcome and accommodated. In addition, they essentially provide their new hires with on-the-job training, which ideally leads to greater productivity and more motivation to do well. Mentors, on the other hand, learn how to hone their training skills and become stronger communicators, in turn making them more valuable assets within the business.

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