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The Benefits of Starting a Mentorship Program

November 29, 2018

At some point in our careers, there may come a time when we need advice and input, someone to help us through a difficult decision or time. That’s what mentors are for. A mentor is a helping hand, offering quality advice that’s honest and constructive. In other words, they share knowledge and provide a perspective you may not have, and can be a powerful and trustworthy resource.

On the other side of the coin, you may be in a position to become a mentor. But how do you start? One way is to create and implement a mentorship program in your company. A mentorship program pairs mentors with mentees, and establishes regular, one-on-one meetings between the two. It can be fairly simple to implement, and requires a meeting schedule and enough mentors and mentees interested in participating.

A mentor is a helping hand, offering quality advice that’s honest and constructive.

Mentors and mentorship programs provide many key benefits, such as better employee engagement and less turnover. To start a mentorship program, you need mentors. Use these four characteristics as a guide to find quality mentors:

1. Confident

Try selling something you aren’t confident in. It’s pretty hard to do, right? When it comes to finding mentors, make sure they have confidence in themselves and in their role/knowledge.

2. Able to Give (and Receive) Quality Feedback

How do you take feedback and criticism? The best mentors approach feedback with an open mind and a positive attitude. They listen to it and then vow to improve. On the other hand, they also give good feedback to others, and do it without sounding degrading or mean.

3. Committed to Your Organization

Being a mentor is a big commitment, and one that will take up some valuable time. With that in mind, you want to make sure that any mentor you choose is committed to your organization and will be there for the long haul. Are they focused on helping others and improving your organization? If so, they’re likely a good mentor candidate.

4. Great Work Ethic

Hard at work or hardly working? When it’s time to select mentors, choose the ones that are always hard at work. If they have a history of not giving 100 percent to their work, then it may be best to wait and find a different mentor.

Mentorship programs go beyond identifying the right mentors in your organization. An effective program can also drive the following results:

Mentorship strategies should allow the employee to work more efficiently, reducing the need for questions and help outside of the one-on-one meetings.

See the Benefits for Yourself

With all of these things in mind, it’s clear that mentorship programs can play a key role in employee engagement, loyalty, retention, and training. Not to mention the employee relationship-building that it can produce. Find a mentorship program that works for your organization, and see the benefits for yourself.

For more ways to build loyalty with clients and employees, check out our Loyalty Builder services, or contact us today.

Source:

Society for Human Resource Management. “2017 Employee Job Satisfaction and Engagement: The Doors of Opportunity Are Open.” Apr. 24, 2017.

For Financial Professional use only, not for use with the general public. #18-0779-100419

A version of this article was originally published on the Brokers International Blog

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