Top 5 organisational benefits of mentoring
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Indra Nooyi, CEO of PepsiCo, once shared a key factor in her success:
“If I hadn’t had mentors, I wouldn’t be here today. I’m a product of great mentoring, great coaching… Coaches or mentors are very important. They could be anyone – your husband, other family members, or your boss.”
And Indra isn’t the only one. Thousands of other successful individuals owe at least some of their success to mentoring. Obstacles are easier to overcome when you can rely on the experience and expertise of mentor to guide you through. This is why so many organisations have invested heavily in mentorship programmes.
Mentoring is proven to drive rich learning and development for mentees. Employees may naturally feel hesitant about approaching a manager or coworker for advice. It’s usually much easier to turn to a mentor for career guidance, interpersonal development, and to learn about company inner workings. Although it may seem like a small thing, this can have a huge impact.
Mentoring programmes also offer a host of benefits for the sponsoring organisation (otherwise they wouldn’t pay for them!). In this post we’ll explore a range of different benefits that stem from having a structured mentoring programme at your company.
The benefits of mentoring
Build a learning culture
Setting up a mentoring programme implicitly states that your organisation places a high value on learning. Studies repeatedly show that opportunities for growth and development are high on the priority list when it comes to job satisfaction. With a mentoring programme in place, employees can rest easy in the knowledge that the company is investing in their future. Additionally, creating a collaborative learning environment is likely to encourage employees to seek knowledge from those around them more frequently.
As mentioned previously, when faced with an issue at work, employees may think twice about going to their manager. And teammates aren’t much use if they have never faced the problem themselves. A workplace mentor is someone they can always turn to for guidance no matter what the issue. Knowing that you have always have a helpful point of contact can do a lot to ease work anxieties, especially for new hires.
According to a study published in the Plastic Surgical Nursing journal, the mentor experience/relationship positively influenced job satisfaction of new hire nurse practitioners. The mentoring experience provided a positive environment, leading to increased job satisfaction. And this higher level of satisfaction was associated with reduced turnover and improved retention and patient outcomes.
Mentors benefit too
It’s normally assumed mentees will learn when paired with a mentor, but it turns out the mentor actually benefits from the relationship too. According to a 2013 study, “Career Benefits Associated with Mentoring for Mentors,” published in the Journal of Vocational Behavior, mentors versus non-mentors were more satisfied with their jobs and had a stronger sense of commitment to the organisation as a whole.
Comes full circle
When a new employee who’s assigned a mentor benefits from that relationship, the mentee will be more likely to volunteer to do the same for the next onboarding employee. By creating a formal programme, employees will find it easier to join, follow guidelines and start making a difference.