Business startups often face a plethora of challenges in their day-to-day affairs. Entrepreneurs are constantly on the lookout for simple strategies and methods to boost their businesses. One of the obvious misses in any startup is the hiring of a mentor. Mentors are considered to be one of the integral tools to a business as they can enhance career growth as well as personal development of employees.
Attrition rates are common in both large and small companies. However, an organization may not be able to curb this trend as these things happen sporadically. Employees, through the course of their career, are also prone to numerous challenges. Most employees leave an organization because they do not receive the right kind of motivation, support or appreciation. They may feel that their efforts are not being recognized. Even if an employee is a good performer with a satisfactory monetary compensation, he/she might feel down in the dumps.
One of the simplest ways to deal with this is through mentoring. A mentor is someone who provides direction, support and motivation from time to time. For an employee who is barely hanging in, with serious thoughts on exiting the organization, a mentor will be someone who can push him/her forward to establish a career goal and move forward. Mentors and mentees share a professional and confidential relationship with their mentees. This can lend confidence to employees to confide with their mentors regarding any problems they are facing.
Not only will this ease their mental burden, but it will also help them sort out issues at the workplace and make them reconsider their thoughts on exiting the organization.
Secondly, mentors act as a bridge between various departments in the organization. Mentors adapt effective communication strategies wherein they can communicate important issues to people without offending them and maintain confidentiality of their mentees at the same time. Therefore, the mentee or the employee acknowledges the presence of a support structure at the organization, making him/her feel secure and understood.
Thirdly, knowledge transfer and developing integral skills are vital in any organization. In such situations, mentors help mentees acquire knowledge without having any second thoughts. It suffices to say that mentors are indeed, a valuable investment to the organization and can tackle several problems at the grass root level. Considering the amount spent on hiring costs and talent acquisition, a mentor can seek to enhance both these factors and more.
Do you have any other innovative way to boost business with Mentoring? Share it with MentorCloud. MentorCloud is an excellent platform for you to decipher the value of mentoring and how it can help your business.