Mentoring Benefits

One of our favorite "evergreen" topics is the benefits of business mentoring. 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.

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 those of you with mentoring programs, what other ways has yours benefitted your organization and the people within your organization? Email me or share on our wall on Facebook.

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