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Workplace mentoring programs offer a lot of benefits to organizations. While there are many good reasons for companies to have a mentoring program, there are three main ways that mentorships can help solve many of the issues businesses face today. Successful mentoring programs at work can be a cost-effective way to boost employee engagement, talent and lower your turnover rate. 

Workplace mentoring programs are on the rise and the results are the reason why. 

Developing a workplace mentoring program can be a challenge, which is why some organizations opt for mentoring templates. However, utilizing someone else’s formula for successful mentoring is not going to work for every organization.

Workplace mentoring programs have become one of the biggest ways that employers are connecting and training employees. Over 70 percent of Fortune 500 companies have mentoring programs in place. A major component of the success of these programs is proper training for mentorship. 

Around the US, there are several companies that are running successful workplace mentoring programs. Statistics show that 70 percent of Fortune 500 companies have mentoring programs. These programs are not only achieving what they were designed to do, but they are also inspiring others in the corporate world.

Workplace mentoring programs have become commonplace at many top organizations. Research has found that over 71 percent of Fortune 500 companies have such programs already in place.

As technology has changed, so has the way workplace mentoring programs operate. While mentorship has traditionally been built on a personal, face-to-face connection, tech has changed the way we communicate, connect and mentor. However, it raises the question, is the digital way better?

The origins of the word mentor come from a piece of historical literature namely Homer’s Odyssey. In the story, Odysseus leaves his infant son in the care of his good friend, Mentor. Under Mentor’s watch and care, the son grows and matures. 

Mentoring can be a powerful tool for change and growth. Under the right mentor, a mentee is able to expand their capabilities and realize their potential. Mentors are those who have the experience, wisdom and skills to help you achieve your goals.