Coaching and Mentoring
Coaching and Mentoring
Mentoring programs help professionals grow, develop and learn new skills under the direction and advice of a seasoned expert. Organizations implement mentoring programs to align the goals of the company with the professional development of its employees. Coaching and mentoring provides benefits for the "mentee," the mentor and the organization.
A coach or mentor can help a new employee adjust to the culture in an organization. Young professionals may not be accustomed to an organization's practices and acceptable behaviors. The coach can provide the new worker with information on the corporate culture, organizational structure and procedures that will help the younger professional settle into his role in the business. A supportive atmosphere can improve employee morale and loyalty, thereby helping to reduce turnover and boost productivity. High employee turnover costs organizations money in the form of recruitment hiring and training of replacements. Companies should weigh the costs of implementing a mentoring program against the high cost of employee turnover to determine the benefits of coaching and mentoring.
Coaching and mentoring programs provide the mentee with real-world knowledge that bridges the gap between educational theory and actual business practices. Mentors also grow in a mentoring position by honing leadership skills and remaining in touch with other professionals. In an ideal coaching relationship, both parties learn from one another.
Benefits to the Organization
• Higher employee retention
• Competitive advantage with more skilled and well-performing employees
• Increased skill set and knowledge levels of the people
• Greater chances of attaining goals
• Succession planning
Benefits to the Learner
• Increases self-confidence and self-esteem
• Promotes professional career growth
• Enhances skills
• Identifies weak areas and turns them into potential successes