Improving Your Company Culture Through MentoringMay 31, 2018
Did you know, statistics have shown that a company’s culture has a direct impact on employee turnover? According to a Columbia University study, when companies have a poor culture, 48.4% of employees start looking for a job. When turnover increases, productivity and profitability decrease. This is just one of the many examples that we could give you on why it’s important to invest in your company culture.
So now that we have your attention, you may be wondering what you can do to improve your company culture. Our answer to that is very simple- implement a mentoring program.
But how does mentoring really improve your company culture?1. Investing in Your Employees
By implementing a mentoring program, your organization is showing the employees that you interested in helping them to develop their skills and potentially advance their career. When employees feel like their company is truly invested in them, they are more engaged. This increased engagement helps increase productivity and improves your company culture.2. Improving Communication and Collaboration
Mentoring gives individuals the opportunity to network and work on their communications skills. Because these individuals are being given access to their mentor’s network and improving their skills needed to successfully work with these people, they feel more at ease in a collaborative environment.3. Personal Development
So many times, we only consider professional development as a benefit of mentoring, but personal development is also taking place. As individuals become more personally fulfilled they perform their tasks more efficiently and are more engaged. As we have stated before, increased engagement helps to improve your company culture.4. Leadership Development
The attitudes and actions of leaders resonate throughout the entire company and can cause a stir in your company’s culture. When employees are dealing with negative leaders they tend to project that same negativity onto their colleagues. The leads to a crack in the foundation of your harmonious company culture and can have very negative effects. In fact, a recent study shows that interpersonal aggression costs organizations about $6 billion each year in health problems, employee turnover and productivity loss.