One of the best ways to grow as a professional is to find a mentor and learn everything you can. This person can take you under their wing and guide you through difficult decisions and transitions. Knowing the importance of this relationship, employers should develop mentorship programs to foster growth in the workplace. Here are seven reasons a mentorship program is a great idea for your company.

1. A more productive team

With the help of a mentor, your employees will have someone they trust and respect identifying skills that can be further improved to deliver better results. Plus, employees will feel management is dedicated to them, improving their own productivity.

2. Caring management

This works in two ways – one simply being the program shows employees that employers care about their growth. The second is it provides an opportunity for a worker to connect with someone higher up and voice concerns, discuss grievances, and learn the why behind certain decisions in a safe space.

3. Develop leaders

By working directly with a new employee or someone lower in the chain of command, a leader in the organization can identify who has potential, and more time can be spent working with them to develop their leadership skills to fast track them to promotions.

4. Keep employees satisfied

Studies have shown that employers who offer mentorship programs have more satisfied employees overall. The benefits of higher employee satisfaction is lower turnover and increased productivity.

5. Find new talent

Many workers new to the workforce are looking for companies with mentorship programs. Top-talent job seekers are looking for positions where they have long-term growth plans, so having this options increases your chances to bring in the best.

6. Keep the good ones

Similar to keeping employees satisfied, mentorship programs can keep employees from leaving. In fact, the Harvest Business Review found that many top-tier workers will consider exiting a company because they don’t have a mentorship program in place.

7. Monitor office mood

With top-level executives actively connected to other employees in the organization, they can learn about trouble when it starts brewing rather than when it explodes. This will keep management informed and also allow preventive action.

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