When you mentor you set an example on how to move a business forward and set the bar for how the mentee conducts future business.
Those who accompany you on your business journey are just as vital to the success of your business as you are and mentorship is key.
by Paula Conway for Forbes
photo: See 6 ways mentorship adds value. UNSPLASH-CHRISTINA AT WOCINTECHCHAT
Investing in your workforce leads to an army of talent who are committed to you and the company. The time invested also brings new ideas and commitment to the business, increases productivity, builds enthusiastic future leaders and ensures less turnover among many benefits.
A Gallup poll showed that 34% of U.S. workers are engaged and 70% of team engagement is directly related to the quality of the manager or team leader, which means that companies that create more nurturing workplace cultures have a higher success rate than those that do not. A study by Deloitte suggested that millennials are demanding mentorship in the workplace and feel more valuable when someone takes the time to invest in their leadership skills. It also reveals that they are more likely to stay with a company for more than five years with companies offering mentoring programs.
A Robert Half study reveals that one of the top characteristics of a company sought by Gen Z, the generation behind millennials, are clear lines of communication, lots of face-to-face time and mentoring. While there are different types of mentoring styles, including one-on-one mentoring and reverse mentoring, where the junior employees mentor their superiors on a variety of relevant cultural topics, nurturing talent comes with long-lasting rewards that can be measured in myriad ways. Here are just a few of the most important reasons why becoming a mentor and nurturing talent is critical to running a successful business.
Mentorship is leadership.
When you mentor you set an example on how to move a business forward and set the bar for how the mentee conducts future business. You were never alone in your success, there were leaders showing you how to push the boundaries, how to be creative, work standards and behavior and setting the tone for your future work ethics. Be selective when hiring and look for employees whose vision is aligned with yours and for candidates that will be receptive to training and mentorship. Grooming talent is the only way for any business to reach its true potential.