Most companies aren’t taking full advantage of their greatest resource. Above anything else, any company’s employees represent a great wealth of untapped talent. That’s just one reason every business should initiate its own mentoring program.
Mentors Provide a Link
In many organizations, there’s a communication gap between employees and management. This can create morale problems that ultimately affect efficiency and productivity. A mentor serves as a liaison, bridging this gap and giving employees in the program a sympathetic ear. They can have their concerns addressed and be made to feel that their opinions and concerns matter.
A Mentorship Spreads Company Pride
Participating in a mentoring program gives employees a broader view of the business. They learn more about the workings of the company and the concerns that staff in other departments face. As they receive this type of cross training, they become better trained and more efficient in their duties. Additionally, they often become more invested in the success of the organization, offering ways to solve problems or jumping in to help coworkers become better in their own jobs.
Mentored Employees Bond with the Company
Engaging employees in a mentoring program has benefits for the company but also has unexpected effects on the employees. As morale is boosted and they develop an emotional bond with the company, they feel a greater sense of job satisfaction. Even though you haven’t offered a monetary incentive, such as a raise or extra time off, the employee feels that he or she is getting something valuable. They know more about the various levels of the organization, which makes them feel more involved in how the business is managed. They care more about the company and, as a result, they’re happier in their positions. This helps to reduce the turnover rate, reducing the need to hire new employees as often.
Overall, mentoring programs can work to benefit the company in a couple of ways. Directly, it helps to access the talents of employees more fully and provides a greater degree of cross-sectional training. It also gives the participating employees a chance to grow within the organization, teaching them about how broader challenges affect their own jobs. For these reasons and more, it’s surprising that every company doesn’t offer a mentorship to its staff. The benefits far outweigh the costs.