Blog

Companies spend time, money and energy developing a workplace mentoring program. Yet, when it comes to workplace mentoring programs some organizations can be sabotaging the success of their programs. 

Workplace mentoring programs are being used by many Fortune 500 companies to build up a talented, loyal workforce. However, not all of these programs are the traditional type of mentorship. Some have used technology to create mentorships, while others have opted for group settings. There are a variety of different mentoring program styles, all of which fall under the umbrella of ‘modern mentoring’. 

Workplace mentoring programs have become an important element for many corporations around the nation. Statistics show that 71 percent of Fortune 500 companies have mentoring programs that they rely on to engage and motivate their employees. 

It does not take long for a business or even its employees to be left behind, with the ever-changing business landscape due largely to ongoing technological advances. What may have been a necessity for an up and coming company 2, 10 or even 20 years ago may not hold much relevance in today’s climate. This applies much more to some industries than others.

There are many benefits to a workplace mentoring program including improving employee engagement and retention and skill development. Research has shown that there are also some positive health effects for both the mentor and mentee including reduced stress levels at work.

Workplace mentoring programs work best when there are goals that define the parameters of the program as well as objectives that a mentee wants to achieve.

Workplace mentoring programs have become more and more popular as companies look for ways to attract top talent. Many job seekers have indicated they are looking for organizations that offer growth opportunities such as mentorships. Research has shown that employees that have a mentor also have a 23 percent higher retention rate.

Have you ever found yourself in your career wishing for more but unsure of what direction to go in? It is completely normal for people in every day working environments to have moments of uncertainty and wonder if there is more to life than what they are doing already. For most of us the obvious path is career progression in the sense of climbing the ladder, from employee to supervisory roles, to managerial roles and then moving on to more senior managerial roles and so on. 

Workplace mentoring programs come with many benefits for participants and also for the organizations behind them. Offering a way to help employees develop their full potential within your company helps enhance the skill set of your organization. It has also been proven to be an effective way to reduce turnover and low employee engagement.

Finding ways to attract top talent to your workplace is a challenge for nearly every organization. Most industries are suffering from a skill shortage and, according to Business News Daily, about half of employers say it is taking a long time to find someone to fit their vacancies.