Can mentorship programs increase employee wellness?
Are mentorship programs in the workplace worth it? An effective mentorship program can significantly benefit employee wellness. Whether you’re considering implementing a mentorship program or just joining one, here are some of the benefits you should expect to see.
Higher employee retention
According to one study, retention rates for mentees (72%) and mentors (69%) were much higher than those who did not participate in the program (49%). In addition to this, participating in mentorship programs led to higher chances of promotions.
Better chance of a promotion
If you’re hoping for a promotion, joining a mentorship program at work is a great way to increase your odds. The same study found that mentors were promoted six times more often and mentees were promoted five times more often compared to those not participating.
Informal training opportunities
Mentorship provides an opportunity to engage and learn from someone with more experience. This can help close skills gaps, helping prepare junior employees to move up in their careers and reach their goals. This isn’t only beneficial to the mentee. Teaching relevant skills and sharing learned information is a great way to reinforce this knowledge for the mentor.
Goal setting and accountability
Mentorship programs are a great way to keep employees focused on their goals. By discussing and defining goals with a mentor, employees are more likely to take actionable steps and make progress toward their goals. Plus, simply sharing your goals with someone else adds a sense of accountability, increasing your chances of following through. Bonus: this means employees will be more focused on their work, helping the organization better reach its goals.
How mentorship programs boosts employee wellness
Overall, the benefits that result from mentoring programs are a huge step towards boosting employee wellness. By providing opportunities to learn, teach, and advance toward career goals, mentorship programs help increase employee happiness and engagement.
Mentoring is a great way to help both mentors and mentees find greater meaning at work, leading them to be more engaged in their work. When employees care about their work more, productivity increases. It’s a win-win for employees and the company as a whole.