Mentoring - An Effective Tool Used By Business Organizations To Enhance Talent Retention
In the highly competitive business environment of modern times, most organizations struggle to retain the skilled professionals hired after much efforts and investments. With the working equations between the employer and the employees having undergone a significant change, business establishments have to devise new solutions for minimizing employee turnover. Mentoring has emerged as one such effective method which when used in the right manner can have a positive impact on employee retention and engagement within an organization. Being aware of this fact, the top recruitment firms in China have been educating their clients about the benefits of implementing and integrating this approach into their hiring process. What is mentoring?
Mentoring can be defined as the process of using the senior and more experienced employees within an organization to train, counsel and advise the new recruits. The senior employees, known as the mentor are responsible for providing support and guidance to the employees being trained by them, to help them understand the various aspects of their job responsibilities and the ways to carry them out in the most effective manner. The primary objective of mentoring is to make it easier for the new employees to understand the organizational structure and also ensure greater employee engagement. What are the benefits of adapting mentoring as a recruitment strategy? According to the feedback provided by renowned leadership recruitment firms in China, adapting mentoring as an integral part of the recruitment process offers the following strategic benefits for an organization. It helps in fostering long lasting relationships amongst employees, besides promoting their professional growth and development in the most effective manner. It enables the business organizations to nurture their leadership chain by offering personal attention, training and guidance to their highpotential candidates and keeping them engaged. Mentoring helps to create an inspirational work environment based on mutual trust, a strong sense of belonging, a better understanding of individual roles and responsibilities and unconditional support and encouragement. A mentor helps to bring the best out of their trainees while also helping them to overcome their drawbacks and weakness in an effective manner and thus helps enhance the overall performance and productivity of the workforce. It helps in data and information accumulation and sharing in a smooth and organized manner, while also promoting short and long term situational and topical learning between employees to help them attain the assigned objectives. It acts as an effective tool for promoting skills such as leadership development, workforce planning and setting organizational goals,
which are the most sought traits amongst professionals being considered for key management positions. However, in order to reap the above benefits, the HR executives of a business organization need to work in close co-ordination with the talent management professionals to establish the proper groundwork and support necessary for making the mentorship strategy successful and sustainable.