From the course: Developing a Mentoring Program

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The benefits of formal mentoring programs

The benefits of formal mentoring programs

From the course: Developing a Mentoring Program

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The benefits of formal mentoring programs

- I'm going to start by asking you to dream big about what you really want out of your formal mentoring program. Do you want to build a mentoring program so that employees will be happier, more productive, treat each other better, and stick around for the long term? If your answer is yes, the good news is these are realistic expectations. The latest data on employee engagement shows that nearly two thirds of the US workforce is disengaged, which, I know, is kind of depressing. But the good news is that mentoring can serve as a driver to engage and energize your employees. Some benefits of formal mentoring programs include greater employee retention, increased organizational citizenship behavior, which means people treat each other well and help one another, better employee satisfaction. Also, formal mentoring programs can help with employee onboarding, they can serve as a tool to develop high-potential employees, and formal mentoring programs are often employed as a key strategy to…

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