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.
Many organizations in North America are looking at mentorship to help combat problems like turnover rates and poor employee engagement. Yet, getting started on developing a workplace mentoring program can seem daunting. This is where mentoring templates can look like an attractive resource for companies.
Mentoring templates are really just program outlines that you can use to create your own workplace mentorship. These guides can help those new to mentorship understand the steps they need to take to develop a successful mentoring program at their organization.
There is no denying that many companies are looking for a solution to some big problems.
Employers across North America have been struggling with high turnover rates and low employee engagement. Statistics show nearly 70 percent of employees are unengaged with their jobs. The numbers are higher when it comes to millennials. A recent study has shown that while employees are disengaged, many of them continue on with the same employer. This complacency leads to poor productivity and can result in a negative workplace atmosphere.
High turnover rates are also leading to high costs for organizations. Gallup estimates the annual turnover rate to cost $30.5 billion in the U.S. alone. Experts have indicated that the loss of one employee can cost a company 50 percent or more.
Workplace mentoring programs have the ability to tackle both of these issues and help create a more robust workforce at your organization. When it comes to improving the engagement rate among younger workers, mentorship is high on the list of successful strategies. That is because nearly 60 percent of millennials have indicated they are looking for a job that offers growth and learning opportunities. Good mentorships can offer these younger employees a solid onboarding process, connection to others in the company and a chance to develop their skills.
Mentorships can also help new employees envision a future at the company and become more loyal as they see the organization invest in their development. An added benefit is that mentorships can be used by any employee, no matter how long they have been with the company or what their role has been.
Organizations that are looking to develop a successful strategy for developing a workplace mentoring program may consider using mentoring templates to help them along. These templates are designed to be a formula to follow when creating a mentorship at work.
The idea behind a mentoring template is to help organizations who are struggling to develop their workplace mentoring programs. Good templates will outline the steps that you need to take to create a successful mentorship. Some of the benefits of using a mentoring template include:
While there can be some advantages to using a mentoring template, there can also be some drawbacks. These include:
Mentoring templates can prove to be an asset for companies looking at developing or revamping a workplace mentoring program. Having a step-by-step guide allows organizations to streamline the mentoring process. However, there are some drawbacks to relying on a template for a mentoring program. Companies looking at using a mentoring template may want to customize the instructions to better fit in with their company culture. It may also be useful to employ other tools like mentoring software to help simplify the managing of a workplace mentoring program.
If you’d like to see how mentoring software can work alongside tools like mentoring templates, contact us for a free demo.