When it comes to mentoring, many people think of helping new employees get acclimated in their job. However, while many mentor/mentee conversations focus on career goals, there is a need for a more holistic approach to help new, young workers in particular.
A Wall Street Journal article today discussed the challenge of getting young people to contribute to 401(k) plans. Having come from the retirement planning industry myself, I know how challenging it can be to reach young people who see no need to save early. The influence of a trusted mentor in the workplace can go a long way to help young people understand the importance and necessity of saving. It beats any sales pitch by 401(k) providers.
