Effective mentoring programs benefit the mentor and the organization by promoting a development culture, increasing knowledge sharing, driving performance, and expanding networks, as detailed below:
Benefits to the Mentor
- Drives self-awareness
- Expands the mentor’s professional network
- Improves leadership skills
- Increases awareness of available talent throughout the organization
- Increases likelihood of receiving a promotion
- Increases visibility throughout the organization
Benefits to the Organization
- Builds bench strength
- Creates a culture of development
- Drives employee engagement and retention
- Fosters productivity and performance
- Increases cross-organizational communication
- Provides a low-cost development opportunity
Benefits to the Mentee
- Accelerates development
- Enhances self-esteem and confidence when interacting with senior leaders
- Expands the HIPO’s professional network
- Increases job satisfaction and effectiveness
- Increases likelihood of receiving a promotion
- Increases perspective and knowledge of different functions