January marks the 19th National Mentoring Month. Throughout the month there are various mentoring-focused activities and celebrations planned. While the focus has largely been on increasing the number of youth that are being mentored, statistics show there is also a growing need for more mentors in the workplace too.
A recent study found that just one out of every three employees have a mentor. However, nearly half of those surveyed indicated that a mentor was important.
Other research has shown that the impact a mentor can have on an individual can last a long time. A mentor can help guide the career path of their mentee, open doors to new networking opportunities and help enhance the culture of an organization.
Workplace mentoring programs have also been credited with reducing employee turnover, improving the diversity of the organization and increasing employee engagement.
Studies have shown that employees who are connected to a mentor do much better within the company and in their careers overall. This can be attributed to the extra guidance that a mentor offers. Mentors can be key in helping mentees define and achieve various career goals. In addition, mentorship provides mentees with the opportunity to network and connect with others that they may not otherwise have had.
The benefits of mentorship also extend to organizations. Employees involved with mentorships indicated in a study by CNBC that they were more satisfied in their jobs than those without a mentor. Moreover, happier employees are less likely to leave. The CNBC study found that four out of 10 respondents who did not have a mentor at work indicated they were looking at leaving their jobs.
The CNBC study noted that those who want to advance in their careers are more likely to get the opportunity if they have a mentor compared with employees who do not have the guidance of a mentor.
Furthermore, those who are not happy with their positions can often spread discontent to their co-workers. This can have a negative impact on the atmosphere of the organization as well as employee turnover rates. In addition, employees who are not satisfied with their jobs often underperform, meaning that your employees may not be as productive as they could be.
Not only could your organization be operating on a higher level if employees are engaged and satisfied at work, but workplace diversity can also have a positive impact on production. In fact, research has found that companies with a diverse workforce bring in more revenue.
Whether you are just getting started or looking to enhance a mentoring program already at place in your organization, there are some key things you can do to improve the program’s success. These include:
Workplace mentoring programs provide organizations and individuals to overcome a variety of problems. This can include a lack of employee engagement, high turnover rates and even diversity issues. Mentorships can also help employees reach their full potential. Under the guidance of a mentor, the mentee is given an opportunity to set and reach career goals. They also benefit from the chance to expand their network by connecting with professionals that their mentor knows.
If you are planning to celebrate National Mentoring month this year, keep in mind that Jan 17 is International Mentoring Day and Jan. 30 is Thank Your Mentor Day. Everyone is invited to go online and use the #ThankYourMentor hashtag to share their stories of mentorship.
Whatever way you decide to celebrate National Mentoring Month this year, it is important to keep in mind the benefits of mentoring all year round. For more information on how mentoring software can enhance your workplace mentoring program, contact Together for a free demo.