Mentoring: A Way to Improve Workforce & Workplace Culture

Salary is an attractive extrinsic reward that can attract talent into the organization. However, oftentimes, it is not enough to retain that talent or bring out the best effort. When a job also offers intrinsic rewards, such as the satisfaction of accomplishing worthwhile tasks related to one's own professional and personal advancement, employees are more likely to perform at their best. Mentoring is one way of offering these intrinsic rewards.

By enhancing job satisfaction and retention, mentoring benefits a business while also assisting the mentee's personal and professional development. The goal of mentoring is to pair up someone with extensive knowledge and experience with someone who has yet to attain those same levels of expertise.

According to a case study at Sun Microsystems, employees who partook in the mentoring program were more likely to get promoted and their retention rates were significantly higher.

Mentoring helps the mentees with:

• Better utilization of their current skills.
• Better relationships with colleagues and managers.
• Development of new skills.
• Professional development.

Along with benefitting the employees individually, it also contributes toward:

• Developing a workforce that is in line with the organization's vision and mission.
• Creating methods to grow and nurture the existing workforce.
• Attracting a suitable talent pool.
• Creating a diverse, supportive, collaborative, and inclusive workforce.

It may be reasonable to say that organizations with strong mentorship programs will be those that attract the best talent and produce ground-breaking innovations that result in enormous success in the future.

References:

https://www.forbes.com/sites/nazbeheshti/2019/01/23/improve-workplace-culture-with-a-strong-mentoring-program/?sh=7b36b7ee76b5

https://www.get.mentoringcomplete.com/blog/impact-of-mentoring-in-the-workplace

https://www.togetherplatform.com/blog/what-is-the-purpose-of-mentoring