What are the Benefits of Mentoring in the Workplace?
Mentorship programmes in the workplace take advantage of key personnel and existing resources to help employees thrive and grow. In many workplaces today, mentorship programmes are key for employee satisfaction and retention. Deloitte conducted a survey of millennials, finding that employees who report planning to stay with their current employer for over five years where more likely to have a mentor. There are several ways that mentorship programmes in the workplace benefit both employers and employees.
Better Personal and Career Development
A mentorship programme in the workplace allows employees to get in control of their own personal and professional development. Instead of feeling like they are not moving forwards in their roles, a relationship with a mentor allows employees to exercise growth along with having somebody that they trust to come to for advice and support when needed. In the workplace, this can be achieved with mentoring software that is designed to connect employees to mentors. PushFar offers world-leading mentoring software that provides employers and employees with mentoring that is easy, secure, flexible, and scalable.
Often, mentors within the workplace tend to be employees with seniority who are serving in leadership positions. Because of this, implementing a mentorship programme in the workplace not only serves to help with the development of the mentees but also the mentors themselves. Working as a mentor allows leaders in the workplace to develop their own skills and qualities while being at the side of a mentee to guide and advise. As a result, it can contribute massively to not only the development of future business leaders, but also the existing leaders and upper-management.
Better Productivity and Onboarding
It is not uncommon for many employees to feel overwhelmed when starting a new job. A mentoring relationship can be very helpful for new employees who are then provided with the additional benefit of knowing who they can turn to if they experience any problems or have any questions that they need answering while onboarding. Once employees have been fully trained and are settled into their new role, mentorship programmes can continue to benefit them, leading to increased job satisfaction, more productivity, and better standards of customer service.
Improve Learning for all Parties
Like all relationships, the communication between a mentor and a mentee goes both ways, so it’s not just mentees that can benefit from this type of programme. Through knowledge sharing, mentors can also learn from the employees that they work with. Often, employees from different generations will be working together as a mentor and mentee, so the older generations can help inform values and share best practices for the workplace, while the younger generations may be able to teach the older generations about upcoming trends and new technological developments. These programmes can often lead to a deeper connection and stronger relationships between employees and management, resulting in a better workplace morale.
Mentorship programmes can be useful for improving diversity in leadership as an effort to level the playing field through the sharing of ideas, knowledge, and opinions. Simply having a successful mentorship programme in place in the workplace can often be an ideal way to attract and retain more employees who come from various different backgrounds and walks of life, and better prepare them for a leadership position.
For all businesses, there is always a cost involved with acquiring new talent and training new employees. Since retaining existing new employees tends to be cheaper overall compared to acquiring and training new hires, a mentorship programme can be an ideal way to significantly reduce costs by providing more support to existing employees that can get them into leadership positions in the workplace. Along with this, establishing a mentorship programme with mentors and mentees that rely on each other can help to reduce sick days, stress, and anxiety in the workplace.
Support a Culture of Learning
Mentorship is an ideal way to encourage building bonds between people who may have never interacted with each other otherwise. A mentorship programme is a great way to build stronger relationships between people at all levels of the workplace and facilitate an environment of knowledge sharing and collaborative learning between employees and departments. As a result, employees who have access to a mentorship programme at work tend to be more well-rounded and have more opportunities to improve their expertise and further develop their skills.
There are various ways that you can establish a mentorship programme in the workplace depending on needs and preferences. Some workplaces offer group mentoring, which involves one mentor and multiple mentees, while peer mentorship pairs mentors and mentees that are on the same level within the organisation. Supervisory mentorship involves the classic mentoring relationship, where an older and more experienced employees acts as a mentor to a younger, less experienced mentee.