The Benefits for Companies
Having a mentoring and coaching program within an organization provides a wide range of benefits. Mentoring basically means to develop human resources in organizations, it helps with developing a strong succession transition program to develop better careers within companies. Here is a list of potential benefits:
- Improve Technical Skills and Knowledge
- Identifying high-potential individuals to fast track
- Create new leaders and managers
- Improve managerial skills
- Enhance diversity efforts
- Improve Job Satisfaction
- Increase retention
- Lower turnover
- Promote advancement within companies
Mentoring and coaching are about fostering accountability and improving performance.
Goal Setting: Individuals Goals for Career Advancement
Goal setting needs to be specific, each protégé should set their own goals and have them approved by the mentor. The mentor’s role is to provide feedback and serve as a guide. The goals for the protégé should be realistic and specific. The mentor needs to help the protégé by providing a step by step roadmap to achieving these goals or to have certain goals or milestones met. This requires measurement and monitoring of the protégé’s progress and performance. Monitoring progress and performance creates accountability and defines success.
Holding Protégés Accountable
Measure a protégé’s progress by noting achievements and failures while providing timely advice and feedback. This requires mentors and coaches to communicate and monitor the key results. The added benefit to the communication optimizes teamwork and employee engagement. However, the protégé provides the direction of their career path, the mentor only helps keep the protégé on path and rates the protégé’s performance in general.
Using Tools for Measuring Progress
Using software tools for measuring performance and progress towards a protégé’s achievement of goals helps with developing a better mentoring program as well as help define success. Choosing the right tools may be a bit difficult, but the right tools have the following features:
- Measures performance and key results
- Offers goal setting and tracking
- Offers communication and feedback modules
- Offers task tracking
- Offers visualization for progression and performance
These features will help motivate and measure success in a visual way, allowing for analytics to be performed to discover insights on both the protégé’s and mentor’s work. It also allows for overall performance of organizations to be measured and insights gained on how activities are demonstrating results elsewhere within the organization.
If you are looking for a core HR management system built on improving organizational accountability and performance management, beepHR provides tools for improving employee performance and engagement at every level of an organization. beepHR is built on blockchain technology and leverages the power of AI and machine learning to provide hidden insights. beepHR is committed to empowering employees, improving work, and discovering hidden talent within organizations through technology.