Types of Employee Mentoring Programs

Employee speaking to her bossThe business world is quite volatile. There is an increased need to engage your employees at an intellectual and emotional level to improve your bottom line. Mentoring programs are among the modern methods of achieving this. The programs will also help you tackle complicated human resource issues and retain your top talent.

Over 80% of the most successful companies currently have some form of workplace mentoring. The ideal mentoring program for your organization depends on your specific circumstances and intended outcome.

Entrepreneur Simplified outlines some of the most effective types of employee mentoring programs available.

Career Mentoring

Career mentoring is the most typical mentoring program in the workplace. This helps align your workers with your organization’s objectives. It encourages employees to gain new skills and makes them feel like a part of your business. Career mentoring improves your company’s employee retention and improves your revenue by boosting employee performance.

High-Potential Mentoring

This program is intended for your leadership chain. It engages your company’s leaders by exposing them to various sectors of business and developing their leadership skills. High-potential mentoring results in faster productivity time, low attrition costs, and improved engagement. It also improves your top management retention rate and strengthens your leadership bench.

Diversity Mentoring

This program aims to develop subsets of employees with varied viewpoints. It improves your business’s bottom line by fostering creativity and innovation. It also helps your company develop and retain a diverse working community to tap from different cultures and backgrounds.

If you want to maximize the benefits of employee mentoring, you need to invest a significant amount of your time and resources in it. It is advisable to outsource your employee mentoring needs, so you can focus on running your business effectively.