Mentoring is an important part of grooming and developing people within the workplace. As we continue to develop our human talent to create innovation that encourages our nation to adapt we might also consider some of the benefits of workplace mentoring. Mentoring provides opportunities for executives to take promising candidates and develop them to higher states of performance. Mentoring moves beyond "feel good" practices and helps connect a new generation of leaders to the values and wisdom of senior scholars, civil leaders, military masters, and business gurus.
The Value of Mentoring:
I came across this really great article that has an overview of some mentoring statistics by Nicola Cronin entitled, 'The Importance of Mentoring in the Workplace'. It discusses how mentoring is an important part of many Fortune 500 companies and leads to increased retention, more opportunities, and value to organizations (55% feel that mentoring is profitable. Its not a big number but there are lots of other positive stats that aren't likely easy to measure that would likely put if into a solid 60%+ benefit. Thus, overall its beneficial for organizations.).The Skills Needed Mentoring:
Dr. Linda Phillips-Jones discusses the skills needed in mentoring relationships of which listening, building trust, and encouraging are of the top three. You can read more about that in, "Skills of Successful Mentoring: Competencies of Outstanding Mentors and Mentees' Mentoring is a relationship building exercise where promising recruits have someone to connect with and encourage them to think through all of the options before making decisions. Giving advice and developing relationships truly connects people to their organizations and their missions.
Good or Bad for Your Organization?
It depends on how you use it. If we think in terms of retention, connecting generations, transferring knowledge, innovation, diversity and developing human talent we can see that benefits might move beyond current statistics and into a broader based impact. Considering we need new leaders that come from many different backgrounds I would say mentoring, especially mentoring people different than yourself, leads to new ideas reaching the right people and practical knowledge that rounds out youthful enthusiasm for organizational improvement. A strong program is worth its weight in gold while a poor program will not experience full benefits for the organization or the people involved. The numbers appear to be justifiable but the long term benefits might not be easy to calculate.
Cronin, N. (2022)The Importance of Mentoring in the Workplace. GGuider. Retrieved 02-28-2022 from https://www.guider-ai.com/blog/why-everyone-needs-mentoring-in-the-workplace...
Phillips-Jones, L. (2003) Skills of Successful Mentoring: Competencies of Outstanding Mentors and Mentees CCC/The Mentoring Group. Retrieved 02-28-22 chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/viewer.html...
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