The value of mentorship continues to be undervalued, but it remains a cost-effective and mutually beneficial development opportunity. On the individual level, mentees profit from the direct guidance and the development of new skills, while mentors can fine-tune their active listening and communication skills. On an organisational level, mentorship programs provide a cost-effective way to boost employee engagement, retention and boost overall productivity.
Did you know? Some of the world’s most successful and high-profile leaders have attributed great value to their mentorship experiences.
While a mentorship is particularly beneficial for younger employees/graduates, a mentor can be valuable for anyone looking to build confidence and develop their skill set. Mentees also benefit in a variety of different ways, too:
Mentors typically have a refined skill set and proven leadership skills under their belt, but that doesn’t mean mentoring can’t add value to their career.
Put simply, mentorship programs allow businesses to capitalise on their most important resource – employees. Investing in employee development contributes to growth, innovation and bottom-line profits. Additionally, organisations can benefit from mentorship programs in other ways: