Workplace mentorship is one of the few initiatives that can legitimately claim to save money, develop leaders, and cut turnover.

Mentorship is the act of developing leadership by demonstrating good leadership in action. And even though it is one of the cheapest and most efficient ways to improve your company, it can also be difficult and even intimidating.

After all, real mentorship is a personal thing. Though usually informal, it can require managers to "improvise", to be at their best when their employees are watching very closely.

At it's best, mentorship is proof positive that an employee is valued and worthy of investment. It's also an opportunity for mentors to put focused effort into being a leader worth following. Check out the rest of the linked article for specific practical benefits that businesses can expect from excellent mentorship.

Read full article at HuffPost Business.