As an employer, you must understand how mentoring affects your employees, especially at the workplace, and how to use it to your advantage.
What is mentorship and Mentoring?
Mentorship is a relationship where a more experienced or more knowledgeable person guides a less experienced or less knowledgeable person. In the workplace, mentoring is an employee training system where a senior or more experienced individual (the mentor) is assigned to act as an advisor, counsellor, or guide to a junior or trainee.
What Are the Benefits of Mentoring in the Workplace?
Did you know that more than one in 3 young people — an estimated 16 million never had an adult mentor (structured or ‘naturally occurring’) while growing up? According to a study, this population includes an estimated 9 million ‘at-risk’ youth who will reach age 19 without ever having a mentor and are, therefore, less likely to lead healthy and productive lives.
Below are the benefits of encouraging mentoring in the workplace:
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A mentored employee is more productive in the workplace. For example, when you hire an entry level programmer who is mentored by a senior member of your team of developers, he/she learns faster and makes fewer mistakes on the job. A mentor easily points out mistakes to the mentee and is always available to guide him/her through challenges that might be encountered.
Establishing a Positive Work Environment
When your employees are mentored, they have a tendency to enjoy a higher level of job satisfaction. An example of this is a situation where you operate within the broadcast media space and have celebrity On-Air-Personalities as employees. When you hire new employees and ease them into a mentorship arrangement with OAPs that they hold in very high esteem, their job satisfaction is bound to increase over time. This, in turn, builds their confidence and overall fulfilment.
Less Turnover of Employees
One way to achieve a lower turnover of employees is to establish a mentoring culture in your organisation. Employees who have mentors within the organisation tend to be more loyal than those who don’t have one.
The workplace mentorship process could be a formal or informal, depending on how deeply rooted it becomes in your company culture. It could also be either used as a short-term or long-term strategy. The informal mentoring arrangement ensures mentors help out mentees for a specified period of time. In this scenario, the advice from the mentor includes basic information around routines not included in the employee playbook.
A grounded culture of mentoring in the workplace will help you attract more exceptional talent to your organisation. Modern mentoring has been discovered to be key to retaining millennials.
An example of an employer with outstanding mentoring potential is Jobberman’s CEO and co-founder, Adedeji Adewunmi. In 2014, he was recognised for an accelerator programme on the strength of his mentorship culture.
A study reveals that 63% of millennials say their leadership skills are not being fully developed. It also found that 68% of those with plans to remain with their organization beyond 5 years are twice as likely to have a mentor.
Achieving Reverse Mentoring
Reverse mentoring is a situation where older executives are mentored by younger employees on topics like technology, social media and current trends. The reason for this is because younger employees are more grounded in the use and efficiency of such tools.
One reason why reverse mentoring is becoming largely effective because both parties find an opportunity to learn and grow as well as enjoying the feeling of helping each other.
You should consider employee mentoring in the workplace as part of your company culture as it has both short-term and long-term benefits. With the technological advancement and workplace penetration by millennials, mentoring could prove to make a world of difference in the days ahead.