Many businesses look within their organisation to help motivate staff through mentoring schemes or external third-party businesses, but did you know there are certain tools and software available that you can use to improve this technique? This is what you need to know about mentoring within your business and how it can lead to higher productivity levels.
It Will Lead To Higher Levels Of Engagement
One of the main reasons to look into a mentoring system within your organisation is that it will help improve your employees’ engagement levels, which is a crucial part of a business. For example, employees will feel more involved in the business whilst learning from experts within the organisation. Using specific mentoring software, you will track engagement, which can help you see who is on track and what isn’t working for the technique.
Your Staff Retention Levels Will Be Improved
A benefit of utilising mentoring within your business is that staff will feel more involved in the day-to-day running of the business. As they feel more involved, they will have greater job satisfaction within their employment. This will indirectly lead to your business having an improved job retention rate.
Job retention is a crucial part of any business, as it helps build loyalty with the staff who are serving longer times and help reduce costs in the long run. That’s because when you have an employee leave your employment, it will leave your business with a hole to fill. This hole will mean that other employees or yourself will need to take over in the short term, which slows down productivity in other areas.
Going through the job search process is a similar story too. Taking time out of your day to interview candidates can be a costly experience, especially when you consider the time it takes for each candidate, up to an hour in some cases.
This is partly why businesses outsource the hiring process through an external HR business or recruiting agency. But you will have to go through this experience a lot less if you have fewer instances of staff leaving.
That’s why you should look into mentoring software that can assist your employees in learning from each other and becoming closer to the business. This software from PushFar is a great example of mentoring software that can be used by a business to increase its mentoring resources and capacity, either as an individual or a whole business.
It Can Help Tackle Diversity Issues In The Workplace
In some cases, mentoring within an organisation can help the business improve its battle for diversity and inclusion. That’s because mentoring is all about people within an organisation harnessing and learning to grow together. This will include sharing experiences and knowledge from all levels of the organisation.
Mentoring can be done in a few different ways, but you should ensure that everyone has a say and is up for it, as you don’t want to alienate anyone within your organisation. Diversity within an organisation is a major goal that will be made up of various people. Whilst inclusion is about working hard to ensure that everyone within these groups is equally factored and considered within the business.
Your Employees Will Be Able To Move Up Internally
Your employees who have gone through some form of a mentoring program will be better placed for opportunities to be more productive. An increased amount of productivity could mean that these employees are geared for higher opportunities within an organisation. This will especially be true for those mentored by those higher up in departments that could have opportunities, as they have learned directly.
As an experienced business and finance writer I understand the corporate landscape and the driving forces behind it. Over the years I’ve shared my insight and knowledge with key industry publications and dedicated my time to showing how business leaders can make their organisations more effective.