Business Forum, Member Connections Newsletter

Benefits of an In-House Mentoring Program

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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?

Please leave your comments below and be sure to take our poll. When you’re done, keep the conversation going on Facebook, Twitter & Pinterest!

 


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!

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Megan Bozzuto

3 Comments

  1. Tonya R. Perry
    December 31, 2014 at 11:42 pm

    To whom it may concern:

    My name is Tonya R. Perry and I am the President/CEO of TRP Consulting, LLC. I am a Productivity and Management Consultant. As a Consultant, I would like to know what I need to do to be a part of a Mentoring Program to give and help others as well as learn from others. Please advise.

    I look forward to hearing from you. Thanks so much and Happy New Year 2015!

    P.S. I can be reached on my cell phone 215.817.2227.

  2. Mia W
    January 2, 2015 at 1:24 am

    I started a mentoring program at my organization in January of 2014. The goal was to create an opportunity for employees to pair up with a senior leader and engage in some invaluable one on one mentoring. We had a total of 24 employees participate in the first year of the program and have already noticed a change in staff engagement, as well as interdepartmental collaboration, which has resulted in improved communications across the organization. In addition, 5 out of the 24 graduates have been promoted into new roles within the organization. We are very excited about the success of the program thus far and look forward to kicking it off again in 2015!

  3. Annie
    June 12, 2015 at 5:21 pm

    I’m developing a fine jewelry line ,I really need a mentor’s guidance to move forward with marketing strategy and
    also finding an angel investor for my product line!

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