There are some mentoring myths we encounter day in and day out as we guide our clients on their mentoring journey. This is the fourth in a series of posts on mentoring myths. Watch as we bust this myth wide open as we have done with the first three!
Business Mentoring Matters
At Management Mentors, we talk A LOT about the differences between coaching and mentoring. So many companies come to us asking us for a coaching program, when what they really need is a mentoring program (or vice versa). We've written blog posts, white papers and even recorded podcasts on the subject.
Are mentoring and coaching the same?
Today's blog post is a previously posted Management Mentors newsletter article that we felt is worth re-sharing as this question is posed to us over and over again:
People often confuse coaching and mentoring. Though related, they are not the same. A mentor may coach, but a coach does not mentor. Understanding the definition of mentoring is crucial. Mentoring is relational, while coaching is functional. That’s the short answer, but the truth is that the answer to this question deserves a deeper look.
Well, consider these resources.
This article in Forbes discusses a study where “Sun Microsystems compared the career progress of 1000 employees over a 5-year period.” Some of the results? “Both mentors and mentees were approximately 20% more likely to get a raise than people who did not participate in the mentoring program.”
In an article called “Guiding the Way” in Success magazine, the author quotes Ellen Ensher, associate professor of management at the business college at Loyola Marymount University in Los Angeles, as saying, “People who use mentors are more successful than those without mentors, and that’s substantiated by academic research. They get more promotions, make more money, and have more career and job satisfaction.”
Interested in more compelling statistics and studies? Our free white paper “The Well Leveraged Mentoring Program” is full of them.
It’s often stated that everyone should have a mentor and that’s probably true. But not every situation requires a mentor. Sometimes having a coach is a better option.
A mentoring relationship is one of the most powerful developmental relationships that can exist between two individuals. Mentoring has its roots in trade apprenticeships, which originated hundreds of years ago. Businesses began to recognize mentoring’s power to enrich the skills and knowledge of their employees in the late 1960's. Since then, mentoring has been an important component of employee development.
Here we are at Week 4 of answering some of the most Frequently Asked Questions regarding corporate mentoring. If you have a question about mentoring that we have yet to answer, please be sure to post it in the comments section below or contact us.