Have you been thinking about starting a mentor program?
Doing so might be the closest you will get to making a business decision that has strictly a positive impact. Creating a mentorship program is a great way to empower current employees and even increase employee satisfaction and retention. Mentoring will help build leadership among current employees by encouraging the personal and professional development of a mentee by sharing knowledge, expertise, and experience.
By creating a mentoring program, you will be able to benefit everyone involved. That includes the mentee, the mentor, and the company. Below are just a few of the ways each of those involved will benefit.
Benefits for the Mentees
Being mentored is one of the most effective development opportunities you can offer employees. Having an experienced mentor you can trust and go to for guidance, support, and encouragement, when the mentee needs to, will provide them with personal and professional development, which has been linked to improved workplace performance. Some other key benefits include:
Benefits for the Mentors
A mentor can feel great satisfaction and purpose in helping others with their professional development. By assisting a willing learner, a mentor can feel a sense of personal achievement by knowing they are passing on their knowledge, skills, and abilities. Some other key benefits include:
Benefits for the Company
For the company, investing in a mentorship program is a cost-effective way to keep your most knowledgeable employees engaged as they help develop aspiring leaders of the company. The company will benefit from transferring critical company knowledge and trade secrets as the new leaders will already understand the essential skills and knowledge required to succeed in the company. Some other key benefits include: