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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.

Regardless of their size, organisations can be very slow to change. While this resistance to change can be good because it prevents the company from being caught up in short-lived trends, it can also mean the organisation does not adapt as well as it could. It may also mean that the organisation is not well-equipped to tackle employee issues like engagement.

Over half of those interviewed expressed concern over their transition to the “real world.” Moving from a college environment to a workplace can be a daunting experience. In a school atmosphere, most students have a clear outline in the syllabus about the expectations put on them. They also regularly get graded on their performance. However, in a work environment, the expectations are not so clear and there is no professor there to guide and grade them.