It has been a long time established program, but not many companies have executed the mentorship program. Businesses are always keen on capturing more market share, and to find the cutting-edge factors to enhance revenue. If you believe your people are your greatest asset to your company, then you should consider the mentorship program
These are the following benefits:
Foster a stronger team work
There is a common misunderstanding that only managers or high performing individuals can become mentors. This is not the case. Giving a colleague who have more experience, the opportunity to mentor will allow them to establish, connect and deepen their relationship with their peers.
This further enhance the teamwork between the existing teams, where collaboration can be found readily available.
Helps in recruitment & retention
With a strong mentorship program, incumbents into companies can easily have access to advice from the high performing individuals, whom they may identify as role models. This allows the opportunity for new entrants into the company toquickly understand the company’s culture – which are crucial in retaining the right employees.
Through a strong mentorship program, you are attracting the growing population – which is the millennials. This group of people often require themselves to feel empowered, and are looking for people who can guide them in their career paths. If your employees are performing, your organization is performing as well.
If you can provide the constant need for career development and empowerment for this group, you will also lead to the increased retention of this group of employees as well.
Increased morals
Empowered employees who become mentors would feel that they can contribute back to the organization, which increases their self-worth and job satisfaction.
Mentees would feel that knowledge and advice is readily available, which allows them to execute their duties more confidently, while allowing them the opportunity to develop their interpersonal skills.