While the old-fashioned one-on-one mentorship can be helpful, modern careers demand a more diverse form of mentorship, known as "power mentoring." Power mentoring is about having a network of mentors instead of depending solely on one traditional mentor. There are differences between the old and new approaches to mentorship. The old-fashioned mentorship is centered around planning for organizational succession, it's usually initiated by the mentor, it emphasizes exclusivity, and it's generally later in the mentor's life. On the other hand, power mentoring focuses more on developing talent, it's often started by the mentee, it involves multiple mentors, and it encourages the mentor to start earlier in their career.

There are ten types of power mentoring, each illustrated with examples: boss mentors, reverse mentors, e-mentors, group mentors, mentors for hire, inspirational mentors, family-member mentors, barrier-busting mentors, peer/step-ahead mentors, and mentors of the moment. Each type serves different needs and has its own unique benefits.

The various types of mentorship each have their own key benefits. Traditional mentors are great for planning organizational succession and grooming leaders. Boss mentors can help with fast-track development. Reverse mentors make it easier to transfer knowledge between generations. E-mentors can mentor from anywhere in the world. Group mentors provide access to executives. Mentors for hire offer targeted, short-term assistance. Inspirational mentors provide vision and excellence. Family-member mentors offer early encouragement. Barrier-busting mentors bring fresh perspectives. Peer mentors understand similar challenges. Mentors of the moment offer timely wisdom.