Many companies are choosing to implement a workplace mentoring program and having great success with it. It’s something that can positively impact your business on many levels. For this post, we’ll discuss the importance of ongoing training and learning and the ways mentorships can benefit your workforce.
Employee onboarding is something you want to get right. After all, studies have found, “new employees who went through a structured onboarding program were 58 percent more likely to be with the organization after three years.” You could argue a mentorship program is one of the best ways to improve the overall onboarding process.
By providing new hires with a point of contact, they’ll always have someone to turn to whenever they have questions or concerns. In turn, this is likely to accelerate their skills development, which should minimize the natural learning curve that comes with a new position.
When you give a person a platform for growth while reducing much of their anxiety, they can’t help but be more effective at their job. You’ll typically notice that individuals who are mentored make fewer mistakes and are able to carry out their duties more efficiently. When you look at the big picture, this translates into increased productivity.
If you’re looking to develop leaders from within your company, what better way than allowing them to act as a mentor? By giving them the opportunity to transfer their knowledge and skills, you’re setting the stage for employee growth. So in this regard, it’s beneficial from a management standpoint as well.
When new employees start out on the right foot and have someone to turn to, you’re likely to see an increased level of satisfaction. There’s a sense of teamwork and connectedness that’s hard to achieve through any other means. And this is a great defense to turnover—a problem that plagues many companies. In fact, “Organizations with a standard onboarding process experience 50 percent greater new hire retention.”
If a mentorship program is something you’ve been considering, it should be well worth your time and energy. Once set up, you’ll have a means of quickly educating and acclimating new hires so they’re able to thrive within your company. For more information on getting a program set up, check out this resource from Inc.
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