Benefits of Creating A Mentorship Program.

Doing so might be the closest you will get to making a business decision that has strictly a positive impact. Creating a mentorship program is a great way to empower current employees and even increase employee satisfaction and retention. Mentoring will help build leadership among current employees by encouraging the personal and professional development of a mentee by sharing knowledge, expertise, and experience. 

Benefits for the Mentees
Being mentored is one of the most effective development opportunities you can offer employees. Having an experienced mentor you can trust and go to for guidance, support, and encouragement, when the mentee needs to, will provide them with personal and professional development, which has been linked to improved workplace performance. Some other key benefits include:

• Advice on career guidance, professional development, and advancement.
• Exposure to new ideas and how to overcome weaknesses/obstacles. 
• The opportunity to develop new skills and gain recognition within the company. 

Benefits for the Mentors
A mentor can feel great satisfaction and purpose in helping others with their professional development. By assisting a willing learner, a mentor can feel a sense of personal achievement by knowing they are passing on their knowledge, skills, and abilities. Some other key benefits include:

• Able to gain newer perspectives and ideas through reciprocal learning. 
• Recognition as a subject matter expert and leader in their field.
• Gain valuable experience in leadership and coaching for their own professional development. 

Benefits for the Company
For the company, investing in a mentorship program is a cost-effective way to keep your most knowledgeable employees engaged as they help develop aspiring leaders of the company. The company will benefit from transferring critical company knowledge and trade secrets as the new leaders will already understand the essential skills and knowledge required to succeed in the company. Some other key benefits include:   

• Managers will gain enhanced leadership and coaching skills as they engage in mentoring programs.
• The companies desired culture can be transferred through succession.
• Mentoring programs are excellent ways to engage and retain your most knowledgeable and experienced performers.