Mentoring Programs: Creating a Positive Company CultureOctober 19, 2018
According to a Deloitte study, 94% of executives and 88% of employees believe a distinct company culture is important to business success. Company culture is illustrated by employee attitudes toward the company, as well as overall values and work ethic.
These executives and employees stress the importance of a positive company culture because it drives performance, attracts talent, and impacts employee satisfaction and happiness. Thankfully, a positive culture can be easily built by implementing a mentoring program.
By using mentoring to improve company culture, you are able to...
- Increase retention rates
- Boost employee engagement
- Improve attitudes toward the organization
- Develop hard and soft skills
Express employee appreciation
As humans, we like to be recognized and appreciated. In fact, 78% of employees say being recognized motivates them at work and 69% of employees say they’d work harder if their efforts were better appreciated.
Mentoring can improve this aspect of company culture by giving seasoned employees a place of importance and the ability to be authoritative figures. It also gives new employees a sense of security, as they have someone to show them the ropes. Giving your employees the opportunity to be mentors shows them you trust and appreciate them as they climb up the company ladder.
Build leadership skills
83% of companies say it’s important to develop leaders at all levels, and 89% of executives deem this as a top priority. Therefore, companies spend billions of dollars every year on leadership development programs.
Leadership development opportunities is a major component in whether an employee decides to stay with the organization or leave. This shows appreciation for your employees by expressing your desire for them to stay and become a larger component of the company.
This aspect of company culture can be improved through mentoring by preparing high potential employees for their leadership role. Mentoring...
- Exposes the mentee to new information, processes, and relationships
- Gives the mentee time to receive and assess feedback
- Understand the perspective of their leaders
- Gives the mentee the opportunity to illustrate leadership skills and express ideas
- Encourages communication and collaboration