Why is Mentorship important?

"A formal mentoring program is important because individuals can see the tangible benefits and are assigned a specific individual who is available to assist in their stages of development," says Gregory N. Coleman, CPAand partner at White, Nelson & Co. LLP. "The day-to-day informal mentoring that goes on between firm members is also critical to the success of the mentees."

Ken Coelho, CPA and partner at RBZ LLP, says the essence of mentoring is "trust and confidentiality and that is why many mentors are in a direct non-supervisory capacity to the person seeking a mentor. This eliminates any hesitations to...