Business Mentoring Matters

What are the benefits of mentoring?

Posted on Thu, May, 09, 2013

Mentoring benefits the organization, mentors, and mentorees.

A successful mentoring program benefits the 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
  • 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 andallowing 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, which can be used in the mentor’s own 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/departments 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 
  • Finding a friendly ear with which to share frustrations as well as successes 
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Tags: Mentoring Programs, Mentors & Mentorees