What is mentorship

One of the advantages of having a mentor at a new job is that they can help you adapt to the office culture more quickly. Employees who are involved in a mentorship program are more aware of workplace routines, policies, and expectations than those who do not participate. This is important for building inclusive workplaces. Most mentees are looking for someone to help them advance their career prospects. Through advice and guidance, the mentor can help the employee develop their full potential or entrepreneurial mindset in the workplace.

A workplace mentoring program is a great way for new hires to expand their network. For many new hires, it can take months to get to know key co-workers. Through a mentoring program, a mentee can gain access to important career contacts sooner.

This is especially true in remote work environments. Most mentoring programs require the mentee to consider their future direction or goals they hope to accomplish through the process. By asking younger workers to consider how they can grow through the experience, a mentoring program gives them more control over the direction of their careers.

This includes receiving higher compensation and more promotions, as well as higher career satisfaction. The mentor can impart wisdom developed on the job over time, information and workplace expectations or policies that will help the mentee succeed in the long run.

For those who have just found a mentor, we've put together a very comprehensive handbook on how to be a great mentee. Mentorship is important because it provides employees with the opportunity to develop and become more competent in their roles as well as prepare for growth opportunities in the future.

Providing these opportunities is key for organisations that want to attract, retain and engage their talent. Organisations that want to attract talent should build teams and organise projects that promote the social links that employees want. Providing mentoring systems to these employees to facilitate coaching will give them rewards of growth and professional development while giving them a sense of belonging and responsibility towards their role. Organisations that provide professionally supportive work environments can expect to attract talent and experience greater levels of retention with those they attract.

Mentoring less experienced employees promotes their skill development and social ties with the organisation in a way more meaningful than job training. Rather than learning new skills and being evaluated on them, employees want to grow more holistically by building relationships with mentors. When reporting on their success , the program administrators at Randstad shared that:.

The ROI of mentoring is clear both for attracting top talent and employee retention. To learn more about the return on investment organisations experience see our report, Measuring the ROI on Retention at Randstad. Employee engagement is critical to attaining company goals and success. They are the employees that drive the business forward and encourage others to do the same. There are 5 areas that mentorship helps with employee engagement :.

Mentorship enhances employee engagement because it gives high performers personal and professional development. It satisfies their desire for career progression and the development of their knowledge and skillsets. For example, First Horizon , a bank in Tennessee has run several mentoring programs with Together with notable high potential mentoring programs that prepared exemplary employees for leadership positions.

By hand-selecting their top performers to be mentored by leaders they gave them visibility for promotions. Mentorship is the antidote for disengagement.

To re-engage employees encourage them to meet regularly with a mentor who will provide them with feedback and act as a sounding board for them to discuss their goals and challenges to overcome to reach them. Several studies show that diverse workforces are connected to higher revenue.

The studies revealed that organisations where women are given senior management roles have a 10 percent increase in cash flow returns on investment. McKinsey found that organizations that are more racial and ethical diverse are 35 percent more likely to see higher revenues. If your organization wants to create a more equal and inclusive workspace , having a workplace mentoring program is essential. Mentorship allows employees to interact, learn from each other, and grow from the experience.

A mentoring program is a way for organisations to give employees the opportunity to be a mentor or receive mentorship from a senior leader. Mentoring in the workplace is not just a feel-good initiative. There is a plethora of research to support the business advantages that mentoring in the workplace has.

Mentoring programs can be a lot of work, especially if you are doing it manually. A good mentoring program aligns with overarching business goals. Traditional mentoring programs usually pair senior leaders with more junior ones to support and help them grow within the organization.

The goal for this type of mentoring may be to increase promotion rates within the organization. But what does mentorship look like? Who makes up a mentorship? The most common alternatives to this type of mentor is a peer mentor.

Yomtov et al, , pg. Over the last twenty years, a series of studies have shown promising connections between peer mentorship and positive outcomes for mentored students.

Yomtov et al provide a useful survey of these studies, which demonstrate increased student sense of belonging and connectedness to their school leading to higher retention rates, higher rates of likely graduation, higher grades, and lower rates of failure. A meta-analysis of experimental and quasi-experimental results across 15 of our mentorship programs and encompassing over 9, students found that mentored students were retained, on average, at 3.

Research shows that students are more likely to open up to someone who is closer to them in experience and age, and not perceived as grading or judging them. Mentor Collective is the only provider of large-scale mentorship programs focused on holistic student success.

The written questionnaire solicited descriptive information about the organization's practical or mentorship program and its participants, relationship with academic programs, perceived success factors, and issues. Mentorship may mean different things to different people, but the central role of guidance and protection remains.

One approach to overcome this might be to include individual mentorship within training programmes. There was no discernible community of nursing scholars, no nursing research journals and very few people to whom one could turn for mentorship. Another intention was for the personal tutor to guide each student's early professional socialization, recognizing that this was an important part of mentorship.

These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.

What is the pronunciation of mentorship? Browse mentioning. Test your vocabulary with our fun image quizzes. Image credits. Word of the Day have a heart of gold. Blog Outsets and onsets! Read More. November 08, To top. English Examples. Sign up for free and get access to exclusive content:.