Coaching programs aid employees in learning, developing, and honing new skills under the advice and direction of a seasoned expert. Many organizations employ this strategy to boost the morale of their people and keep everyone on the same page.
Experts at knowledgevine.com discuss how mentoring and coaching can provide benefits for the employee, the mentor, and most of all, the organization.
Encourage Growth and Development
Mentors provide the mentee with real-world understanding and applications of educational theory. They guide the employee in developing excellent business practices that help the organization thrive. Mentors also gain an insightful experience in the process. It’s a great opportunity to hone their leadership skills and get in touch with other experts. In an ideal mentoring relationship, both parties learn something valuable from each other.
Adjust to Company Culture
Coaching programs can be targeted to new hires that need to adjust to the culture in the company. Seasoned managers should supervise young professionals who may not be accustomed to the organization’s acceptable behaviors and practices. The coach should provide information on the corporate values, structure, and procedures to help new hires settle into their role in the organization.
Boost Employee Morale
The U.S. Office of Personnel Management states that organizations can enjoy many benefits if they support mentoring. These include increased morale, career development, and improved productivity. Experts agree that mentoring generally boost employee engagement. A supportive environment can do wonders at building loyalty, improving efficiency, and reducing employee turnover.
As turnover decreases, the company can save more on costs associated with hiring new talents and training replacements. The business should weigh the benefits of implementing coaching and mentoring programs against the high costs that come with employees leaving to pursue career development that they can’t find within the company.
Mentoring opens a way for employees to explore new ideas and apply them in their work. It’s an invaluable business strategy that managers should consider.