Why you need mentoring in your organisation

By Jan Murray on Friday 1st February 2019

At PLD we are seeing an increasing number of organisations realising that mentoring is becoming a critical component to any successful organisation. Mentoring initiatives can be a key contributor to increasing employee engagement, retention levels, productivity, collaboration and much more.

Here are some of the benefits of investing in a mentoring initiative in your organisation.

Benefits for Mentees:

  • Receive independent advice about expectations and career plan.
  • Get help with developing the capabilities, skills, knowledge, attitudes and/or culture awareness needed to succeed.
  • Get help in identifying strengths, weaknesses and the best way to use these in their career.
  • Gain insight into the different routes that could be taken to achieve career goals.
  • Develop knowledge of discipline-related and non-technical skills.
  • Access support, professional development, guidance and networking opportunities.
  • Overcome challenges with the support of a mentor
  • Receive encouragement for faster learning and growth
  • Increase confidence
  • Access role models
  • Achieve greater exposure and visibility
  • Increased feeling of being more valued as an employee

Benefits for Mentors:

  • Development of coaching and mentoring skills.
  • Broadening experience through helping to overcome new challenges.
  • Enable others to benefit from industry knowledge, communication and leadership skills.
  • Achieve the satisfaction of helping others enhance their career development strategies.
  • Develop a new perspective on professional and personal experiences.
  • Experience the satisfaction of helping others to overcome challenges.
  • Develop new skills through the process of "Reverse Mentoring".
  • Access networking opportunities and expansion of sphere of influence

Benefits for Organisations:

  • Increases loyalty and retention with more motivated and engaged employees
  • Gives the organisation an edge when recruiting new talent
  • Speeds identification, development and retention of talent
  • Supports organisational commitment and contribution to employee personal growth Improves communication and breaks down internal barriers
  • Supports knowledge, culture, values and strategy transfer for greater productivity
  • Encourages a learning culture
  • Promotes a greater sense of community and more inclusion with diversity
  • Advances succession planning
  • Maximises the use of the knowledge and resources you already have

All of the above will have a positive impact on your bottom line!

And if you are still not convinced mentoring works the statistics prove it:

Retention rates are higher for mentees (72%) and for mentors (69%) than non-mentoring participants (49%).
Sun Microsystems

83% of professionals would like to be involved in a mentoring program, yet only 29% are in workplaces that offer them.
Robert Walters Recruiting

Mentoring increases learning retention: With mentoring managerial productivity increased by 88% verses 24% with training alone.
ASTD

Mentoring fills your leadership pipeline: Employees who received mentoring were promoted 5 times more often than those who did not.
Forbes

Mentors were 6 times more likely to be promote.
Forbes

Seventy-five percent of millennials want a mentor, and 58 percent of them turn to baby boomers first for advice.
HireVue

Want to find out more about running a simple to use effective mentoring initiative? Get in touch.

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