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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. 

Life in corporate America can be a challenge. From increasing turnover rates, low employee engagement and diversity problems, many organizations have been turning to workplace mentoring programs. These formal mentorships offer corporations the opportunity to enhance their employee talent, increase engagement and reduce the turnover rate. 

The purpose of workplace mentoring programs is to develop employees and help them grow, which will improve the position and talent of the company. 

Although some people may use the words goal or objective to mean the same thing, they don’t. In fact, how you define goals and objectives for a workplace mentoring program can impact the success you have with your program. 

Workplace mentorship programs are one of the best ways to build yourself up professionally and personally. There are more and more organizations that are using mentoring programs as an added bonus to attract and keep employees. It is a tactic that works, which explains why over 70 percent of Fortune 500 companies have workplace mentorships. One of the keys to a successful workplace mentorship program is setting goals and objectives. 

Although it is usually thought of as a way to enhance an employee’s career path, mentoring can have benefits for the company too. Workplace mentorship is one of the most popular initiatives that an organization can take with regards to improving employee engagement and reducing turnover. Mentoring is also an important element to skill development and succession strategy. In fact, over 70 percent of Fortune 500 companies have workplace mentoring programs.