Mentoring is a strategy that may often be overlooked in the workplace. However, many successful companies use mentoring to overcome difficult human resource challenges and improve workforce productivity. According to an article from Chronus, here are five benefits of utilizing mentoring in the workplace:
- Employee Career Development. It is crucial to retain skilled employees and develop future leaders. By understanding and encouraging a learning culture through mentoring, it will allow for employees to take an active role in spreading knowledge and best practices throughout the organization. Mentoring can also help develop individual and interpersonal relationships, which leads to increased engagement.
- Leadership Development. High potentials are often difficult to retain, but are an incredibly valuable asset. In order to increase retention, it is important to engage thigh potentials and show them leadership skills. Mentoring programs are an effective way of rewarding individuals with guidance and personal attention, which results in improved engagement and faster time to productivity.
- Diversity. In order to stimulate innovation, cultivate creativity, and steer business strategies, a diverse workforce is necessary. Mentoring provides an equal opportunity for a diverse range of employees to share their opinions, knowledge, ideas, and experience within the company. This promotes an environment of trust, support and encouragement for a diverse workforce.
- Reverse Mentoring. Unlike the other forms of mentoring, reverse mentoring differs because it is the new employee who serves as the mentor. This provides senior members of the organization with new information on the latest technologies and workplace trends.
- Knowledge Transfer. Helping employees acquire necessary knowledge, skills and expertise is vital for any organization. Mentoring can reduce the time required for knowledge transfer by providing direct access to experts. These experts can share their skills in an environment that promotes fast-paced learning, which will benefit the organization as whole.