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The Value of Employee Mentoring Schemes
Updated over 2 years ago

So, you’ve introduced a candidate mentoring programme, that’s a great first step! We are sure that you are starting to see the benefits of mentoring new talent already.

If you are now wondering how, you can take your mentoring programme further, and reach more of your existing employees, we can help.

Connectr For Employees gives your people the power to drive their growth through mentoring by encouraging employees to meet development goals with the support of their peers. Mentoring is not just great for the people involved; a business that encourages a strong culture of mentoring can expect to benefit too.

Higher Retention Rates

Our research has found that 94% of employees would stay at their company longer if given opportunities to learn and grow. In addition to this, providing volunteering opportunities during work hours has shown to provide both a physical and mental boost to employees, with many reporting increased self-esteem, lower stress levels and a greater feeling of happiness at work.

In 2021 we published a research report into employee belonging and inclusion. Our findings show that just 34% of UK employees feel like they belong at work and that 16 million people in the UK feel alienated at work, and 11.5 million of these are seriously considering leaving their role within the next 12 months.

This belonging crisis is nearly ten times bigger than employers realise, with 93% of HR professionals believing their employees do feel like they belong. For employees, this blind spot must be addressed.

Increased Productivity

According to a study, 67% of businesses reported an increase in productivity after introducing an employee mentoring programme.

Mentoring provides a platform for individuals to effectively share knowledge, as mentees have real support and accountability. Prioritising belonging and inclusion not only authentically creates your people’s happy place but allows employers to champion talent productivity and encourages in-house training and up-skilling with the support of peers.

When there is validation that they are receiving the correct information, mentees can focus on productively using their knowledge to give back to the organisation.

Increased Profits

Statistics also suggest a link between companies that embrace a mentoring programme, and healthier profit levels. Data has shown that US businesses receiving mentorship increased their annual revenue by an average of 83%, compared to 16% for those who don’t use mentorship.

While the benefits of mentoring on your revenue are likely to be holistic, the potential links between improving your employees’ mood and skillset and increased profits are interesting.

It makes sense. If your employees are focused, supported, up-skilled and confident, they're also likely to make you more money, have a higher level of commitment to your organisation and feel safe to explore new ideas.

Now more than ever, companies see the importance of investing and supporting their staff and focusing on their personal and professional growth with employee mentoring programmes. If you are interested in expanding the reach of your mentoring programme to benefit both your employees and your organisation, speak to your Connectr representative.

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