Mentoring In The Workplace: Importance & Benefits

workplace mentoring program

As per the report published by Gallup, around 67% of the employees are disengaged at work and 51% are seeking new opportunities in the market.

As organizations are chasing to find the right talent in the market, it is critically important to formulate strategies to retain and nurture the current employees. for higher engagement and retention.

The unprecedented impact of the pandemic on the global business models and organizational structures have overhauled the way organizations perceive workforce mentoring. The virtual and hybrid models of working have created certain gaps in the effective learning and development of employees. Therefore, the organizations that strive for innovation and research are emphasising on the need to enhance their efforts in mentoring employees towards the changing technical landscape

The traditional art of face-to-face mentoring is evolving. companies are trying to ascertain the impact of mentoring programs in the workplace in the new set-up. By using various forms of mentoring, organizations can capitalize on their best resource- employees and align them towards organizational goals.

Also Read: Tips of delivering effective virtual mentoring sessions

What is Workplace Mentoring Program?

Mentoring is one of the foundational activities of the organization, undertaken to train, develop, and create a skilled workforce. Human resource management is one of the most complex tasks, and organizations globally face critical challenges in maintaining and developing their employees. 

Through effective mentoring programs, it is possible to train new, middle, and upper management employees and align them towards the organizational goals. Not just larger scale organizations, mentoring has been effective in small and medium-scale enterprises as well. 

MSME organizations are actively utilizing formal mentoring for creating a productive, engaged, and skilled workforce. A report by Kabbage shows 92% of small business owners found mentoring to have a positive impact on the growth of their business. While 89% of the business owners that didn’t have mentors wished they had one.

With the rapidly changing needs of the businesses and clients, leaders have to be visionary and support mentoring activities by acting as a bridge between employees and organizational needs. It has been found that employees that have formal mentoring programs and full-time mentors feel supported, engaged, and more productive at work. This further helps in strengthening employee retention and engagement in the organization.

 

Also Read: How does reverse mentoring work?

 

Benefits Of Mentoring In The Workplace

Workplace mentoring programs helps in cultivating strong relationships among employees and increases the overall productivity of the workforce. By implementing a well-defined and structured mentoring tool like Mentoring Complete, organizations can realize the impact of mentoring in the workplace. With features like precision matching, anytime mentoring, and program design and implementation, leaders can plan to reskill and upskill their employees. 

The benefits of mentoring employees are not just limited to the but extend to all the entities involved in the program. 

Check out the advantages of having formal mentoring programs in the workplace.

Workplace Mentoring Program Benefits of to the Mentor

Mentoring is an exchange of ideas, knowledge, and skills from a mentor to the mentees. Meanwhile, mentors (an experienced employee) also get exposed to a range of benefits that help them develop on various professional fronts. Besides the personal satisfaction of sharing knowledge and skills with the learners, mentors can take advantage of the sessions in the following manner.

  • Expanding skillset through continuous learning and collaboration
  • Inculcating active listening skills
  • Understanding of human personas through interaction
  • Opportunity to become a subject matter expert
  • Undertaking leadership goals and perspectives
  • Mentor and mentee relationship building
  • Career progression through on-the-job learning
  • Leadership development and succession planning 

Also Read: Best mentoring practices for mentors

Workplace Mentoring Benefits to the Mentee

A structured mentoring program can be highly beneficial to the mentees. It helps plug in the gaps between the learning development process of employees across multiple functions. A five-year study by Gartner found that 25% of the 1000 surveyed employees that enrolled in a mentorship program had salary grade change and also got promotions earlier than those who did not take part in the program. Some of the benefits of mentoring to the mentee are listed below.

  • Skill and competency development
  • Overall professional development- Interpersonal and intrapersonal
  • Better relationships with peers and managers
  • Active involvement in projects
  • Better utilization of skills
  • Development of leadership skills
  • Easier transition from mid-level to higher management positions

Also Read: Benefits of implementing employee career development program

Workplace Mentoring Program Benefits to the Organization

Mentoring is a powerful tool that contributes toward the recruitment, retention, and development of employees. Intentionally and carefully designed mentorship programs can result in attracting the right talent and help in retaining potential employees.

Successful mentoring programs can bring transformational results by increasing the productivity of the employees and by mitigating critical mistakes that could lead to loss of revenue. Strategic implementation of mentoring in an organization can result in the following benefits.

  • Create a workforce aligned with the vision and mission of the organization
  • Attract the right talent pool and create strategies to grow and nurture the existing employees
  • Clearly define the roles and responsibilities of team members, leaders, and upper management
  • Create smart succession plans for the organization
  • Bring attrition under control, thereby reducing the revenue of loss due to the exit of potential employees
  • Reduce the risk of making critical mistakes that can cause revenue loss
  • Create an open, supportive, and collaborative culture that respects everyone’s perspective
  • Create a diverse and inclusive workforce

 

Also Read: Know the type of mentoring your employee needs

 

Implementing Workplace Mentoring Programs

Workplace mentoring program implementation

Creating and implementing a mentoring program requires leaders to deep dive into the complexities of human resource management. A thorough understanding of employees’ challenges is important for implementing the right mentoring program. A well-thought program can bring a real impact on the business. Leaders should think of a program that is purpose-driven, sustainable, and scalable to include the complete workforce in it.

The below-discussed 6 phase mentoring program implementation process can help leaders in extracting successful results from the employees.

Also Read: Why mentoring women in the workplace is more important than ever

 

1. Define the goals of the program

Organizations deploy mentoring programs to accomplish multiple goals. It can be about improving performance, increasing leadership capabilities, or grooming the team members for the position of manager and taking up more responsibilities and challenges. Whatever is the desired outcome, it should reflect in the intricacies of the mentoring program.

 

2. Outline the mentoring process

Think through the complete process of mentoring. At the end of this phase, one should be able to answer the following questions:

  • What is the procedure to apply for the program?
  • How to establish the mentor-mentee relationship?
  • How to achieve the outcomes in a virtual environment?
  • How to track the success of the program?
  • How to incorporate the participants' feedback into the program?

It is good to think about the challenges in the process and find solutions to avoid any bottleneck.

 

3. Mentor and mentee matching

Matching is a crucial phase of a mentorship program and requires a careful understanding of the professional duties of the learners, and finding a suitable mentor to fulfill their learning objectives. Right matching results in building strong mentoring relationship between a mentor and a mentee.

By using Mentoring Complete’s precision matching, program managers can create quality matches for efficient program delivery.

 

Also Read: Reasons why mentor and mentee training is critical

 

4. Provide mentorship training

Before starting the mentoring program, it is important to train the mentors and explain the learning outcomes desired at the end of the program. Equip them with the tools and help them select the mentoring approach best suited for the success of the program.

 

5. Communicate expectations

Without a proper understanding of the learners’ expectations, it is not feasible to run a mentoring program successfully. Managers should interact with the learners and mentors to establish the learning objectives. It can also be achieved by sending out questionnaires, surveys, and personal interviews.

 

6. Measure results

Measuring the impact of mentoring in the workplace involves revisiting the goals set up before the program implementation. Look at the sales figure, employee engagement and productivity, retention rate, and skillset enhancement to understand the effectiveness of the mentoring.

Conclusion

Mentoring employees is an age-old practice of equipping them with the required skills to perform better at their duties and responsibilities. Organizations that look forward to harnessing the complete potential of their employees and resolving the human resource challenges must use the mentoring best practices to implement the program successfully. 


Looking to implement a workplace mentoring program but don't know where to begin? Schedule a quick demo for expert guidance.

Mentoring Complete - Talk to mentoring expert

 

Topics: workplace mentoring