Benefits of an In-House Mentoring Program

Dana Angel Business Forum, Member Connections Newsletter 3 Comments

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It’s no secret: Mentoring benefits the employees being mentored, and even the mentors themselves. However, did you know that employers also feel the positive effects when they establish an in-house mentoring program? Whether formal or less structured, the impact of an effective program where employees learn from each other is significant. Using a company’s strongest assets – its employees – mentoring is a cost-effective way to keep everyone, from the staff in the mailroom to the executives in the C-suite, informed, engaged and motivated.

Let’s take a further look at the benefits:

  • Employee Retention – Mentoring programs instill loyalty in employees and result in less turnover.
  • Improved Productivity Mentees learn new skills, gain more knowledge and have someone to turn to for advice.
  • Morale Booster – Mentoring leads to greater job satisfaction, which leads to a more positive work environment.
  • Effective Communication – Employees from different departments and levels interact with each other on a regular basis.
  • Greater Employee Engagement – Mentoring programs are excellent platforms for encouraging discussions about career goals and professional development.

Think your business could benefit from a mentoring program? There are consulting companies, as well as software programs, to help you create an effective in-house program. In the meantime, here are some additional items to consider:

  • What is the level of interest among your employees for a mentoring program?
  • Will everyone be eligible to participate in the program?
  • Is participation voluntary or mandatory for new hires?
  • What criteria will mentors and mentees have to meet?
  • How are mentors and mentees matched?
  • Will meetings be during the work day or after hours?

Do you have an in-house mentoring program in your company? How has it benefited your business?

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What happened in December? Find out now! Visit last month’s Business Forum – After Hours: Encouraging Employees to Volunteer – and our poll, where we asked why you volunteer. The results are quite interesting!