Business Mentoring Matters

How can your organization benefit from a mentoring program?

Posted on Tue, Jan, 08, 2013

Probably the biggest benefit of having a successful corporate mentoring program is that it helps not only the organization as a whole, but also the individuals within the organization. Let's take a look at the specific benefits for each.benefits of corporate mentoring

A successful mentoring program benefits your organization by:

  • Enhancing strategic business initiatives
  • Encouraging retention
  • Reducing turnover costs
  • Improving productivity
  • Breaking down the "silo" mentality that hinders cooperation among company departments or divisions
  • Elevating knowledge transfer from simply "getting" information and instead transforming the process so that your organization retains the practical experience and wisdom gained from long-term employees
  • Enhancing professional development 
  • Linking employees with valuable knowledge and information to other employees in need of such information
  • Using your own employees, instead of outside consultants, as internal experts for professional development
  • Supporting the creation of a multicultural workforce by creating relationships among diverse employees and allowing equal access to mentoring
  • Creating a mentoring culture that continuously promotes individual employee growth and development

 Mentors enjoy many benefits, including:

  • Gaining insights from the mentoree's background and history that can be used in the mentor's professional and personal development
  • Gaining satisfaction in sharing expertise with others
  • Re-energizing the mentor's career
  • Gaining an ally in promoting the organization's well-being
  • Learning more about other areas within the organization

Mentorees enjoy many benefits, including:

  • Gaining from the mentor's expertise
  • Receiving critical feedback in key areas, such as communications, interpersonal relationships, technical abilities, change management, and leadership skills
  • Developing a sharper focus on what is needed to grow professionally within the organization
  • Learning specific skills and knowledge that are relevant to personal goals
  • Networking with a more influential employee
  • Gaining knowledge about the organization's culture and unspoken rules that can be critical for success  
  • Having access to a friendly ear with which to share frustrations as well as successes

For a free guide on how to best leverage a mentoring program within your organization, click the button below.

corporate mentoring program

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Tags: Corporate Mentoring Programs