MentorCloud, an enterprise SaaS employee engagement platform focused on mentoring, announces the launch of MentorCloud Spark. This new solution is designed to spark intentional conversations between a company’s experienced and aspiring employees. These conversations result in increased employee engagement, longevity and knowledge transfer.
MentorCloud is a cloud-based mentoring platform for enterprises to help their employees discover, connect and learn from experts inside their own organization. The company’s flagship solution, MentorCloud Enterprise, is already used by a number of prestigious global organizations that include Marriott International, YPO and EO to support peer-to-peer mentoring relationships.
With the launch of MentorCloud Spark, companies and organizations can now catalyze 1-on-1 mentoring sessions between senior executives and employees, as a way for them to test the waters, before the employees decide to engage in longer term mentoring relationships.
With tens of millions of baby boomers being replaced by millennials, and studies showing that 70% of employees are not engaged at work, companies need a modern and effective way to rapidly transfer institutional wisdom to the next generation of leaders. In addition to knowledge transfer, Spark helps with employee retention.
According to Deloitte Millennial Survey 2016, millennials are demonstrating lower employer loyalty, with two-thirds expressing a desire to leave their current organization by 2020.
“MentorCloud Spark is designed to help companies launch mentoring programs in an accelerated manner and realize rapid ROI,” said Ravishankar Gundlapalli, CEO and founder of MentorCloud. “The launch of MentorCloud Spark will further help to transfer mission-critical skills and institutional wisdom in large enterprises, which will in turn increase employee retention.”