It’s no secret that a strong mentoring program helps separate good organizations from great organizations. Your team members are your greatest asset, but the past few years have challenged even the most engaged and productive employees. Organizations are starting to reexamine their strategies and develop innovative measures to build employees’ skills, improve engagement and cultivate a pool of future leaders. A well-developed and executed mentorship program is a highly effective tool for accomplishing these goals.
Here’s a look at 4 ways mentoring can benefit your organization:
- Develop new managers: It’s essential to grow your potential management pool from within rather than spend more money recruiting from the outside. Mentorship has been shown to increase team members’ confidence, knowledge base and increase the skills needed to succeed for rising managers.
- Retain your high potential employees: According to studies, your high potential employees work 21% harder than their peers and bring 91% more value to the organization. Investing in a mentoring program gives these team members the long-term support they need and encourages them to stay.
- Strengthen your organization’s culture: Committing to the development of your team members pays off with improved engagement, productivity, retention and makes employees feel like you care about their growth. And that leads to a strengthened culture that makes your organization a great place to work!
- Increase knowledge sharing: What happens when people with different ways of thinking and backgrounds come together to share ideas? Increased collaboration, which in turn can lead to increased productivity and innovation. That’s a win-win for both your team members and your organization.
All of this sounds great, but how does your organization get started or improve on what you already have? It’s a big commitment and you want to make sure you’re going to see results. An experienced coach, like Leah M Joppy and Associates, can work with you through every step of the process. We can assess what (if any) mentorship program you currently have in place, make suggestions for changes and build effective mentors that will cultivate future leaders in your organization.
A growth-centric mentorship program is an investment, but it pays off in great dividends. Employee growth inevitably leads to organization growth. Ready to get started? Leah M Joppy and Associates is ready to help. Call us at 301-670-0051 or email leah@lmja.com to learn more.