Many organizations use workplace mentorship programs to hire batches of new employees as a tried and tested method. But the benefits of workplace mentorship programs extend beyond bringing the resumes of the most suitable applicants.
Let’s take a look at how mentorship programs benefit organizations:
Reduce Onboarding and Training Time
While mentorship programs may seem time-consuming, they help reduce recruits’ onboarding and training time. No matter their experience, new employees at any workplace require some time to get the hang of the workplace methods.
For employees who aren’t hired for mentorship programs, there is no telling when they can bring their A-game to work. Even in the long run, they can make mistakes and may even face issues coping with new projects.
On the other hand, mentorship programs allow new employees to understand everything about the organization and its methods before they are expected to work. Hence, they work more efficiently from the first day and make fewer mistakes.
Recover Cost of Recruitment
Since organizations pay for the mentorship programs, employees signing up for these enter a binding contract that can last 12 to 18 months. This binding contract ensures that the employees cannot resign during the period and that if they do, they have to pay the organization a certain sum.
Moreover, the contract can also include terms of paid time off, increments, bonuses, and overtime. In short, hiring through mentorship programs ensures the organization will be able to recover the cost of recruitment and mentoring that it is investing in the new employees.
Increase Employee Retention
Mentorship programs can help organizations retain their best talent by choosing them as mentors. Becoming a mentor in the workplace mentorship program can be an achievement for many existing employees.
Becoming mentors inculcates a sense of trust. It boosts their confidence in their abilities and encourages them to work with greater motivation and dedication.
Increase Communication and Teamwork
Mentorship programs allow mentors and new employees, i.e., mentees, to communicate openly. Building communication before they work together can greatly enhance their collaborative capabilities.
When these mentees get to work, it takes them less time to understand their roles and how they are required to collaborate with others. The acquaintances or friendships made during the mentorship program also help mentees feel more comfortable.
Build Positive Workplace Culture
Mentorship programs allow mentors to understand the skills and abilities of the mentees. As mentors teach and guide the mentees, they can easily pick up on their professional strengths and weaknesses.
Mentors can utilize their insight on mentees by suggesting different mentees for different positions to the organization at the end of the mentorship program, allowing for better and stronger workplace culture. When perfectly suited employees and trained employees join the workplace, work flows more smoothly and results in better output.
Last but not least, workplace mentorship programs result in long-term employee retention. When an organization invests time, money, and effort into helping its recruits achieve greater professional capabilities, the employees return the effort with greater motivation.
