As an individual involved in business management, developing a profitable business mentoring strategy is a beneficial step to take. A mentoring program allows older employees to invest the wealth of knowledge that they have accrued over a long career in the young professionals that will be the future of the company. Successful business mentoring programs encourages the personal development of employees through expanded understanding of business skills.
What’s Your Optimal Mentoring Strategy?
There are many different approaches to business mentoring. The two primary strategies are group mentoring and one-on-one relationships. Although there are advantages to both methods, one-on-one mentoring is a more focused, specialized way of developing the potential of both employees involved. Group mentoring approaches tend to be broader and less tailored to the specific needs of the employee.
Both Parties Benefit
Mentees profit from regular exposure to the greater wisdom of the mentors. A mentoring strategy should focus on cultivating career potential, as the junior employee matures his business skills for his current position in a way that should also prepare him for future promotion. Perhaps the mentor will increase the mentee understanding of business storage in a way that will aid him in a more advanced position.
Why should more advanced employees be motivated to engage in a mentoring strategy to develop younger employees? Mentors receive almost as many benefits as the mentees. The mentor gains the advantage of growing his or her skills as an instructor. Many mentors report increased job satisfaction as they hone their own self-awareness. In addition, mentors benefit from exchanging networks of contacts with the mentee.
The Profits for the Company
When business management institutes a mentoring strategy, the need for training classes and reinforcement of said training classes diminishes. Mentoring sessions can act as an alternative to gathering all your employees together for a general training session, since mentors can address any issues and questions that may arise.
Companies often see an increase in staff loyalty, as relationships are developed that make the workplace a more positive and encouraging place. In addition, mentoring strategies allow greater company growth as employees become more stable and efficient.