What’s one of the best ways to retain your top talent and transition knowledge from your senior leaders to tomorrow's emerging leaders? The answer may surprise you as it’s a practice that’s been around for as long as anyone can remember. And its cost impact on the bottom line is minimal, if anything. It’s a term we all know; mentoring.
Mentoring is a strategic tool that, when done right, can attract and retain high-potential talent and accelerate leadership development and readiness. Mentoring is also an effective tool for shaping organizational culture and closing engagement and generational gaps. It has often been said that the most important work of a leader is the development of other leaders.
Lauren Trees is a research program manager at the nonprofit APQC. She writes about the current state of mentoring and what it looks like in our modern-day business world. “In an era of integrated e-learning suites and bite-sized videos, people may wonder whether an old-school training and development technique like mentoring still has a role to play. But despite the trend toward DIY and on-demand learning, the past few years have seen a resurgence of interest in workplace mentoring programs.” She came up with 4 reasons why organizations should support workplace mentoring:
1. To transfer job-specific knowledge.
With many senior leaders approaching retirement, the transfer on knowledge to upcoming leaders is essential in making sure they are gaining the knowledge of those before them.
2. To enable career pathing and counseling.
The transfer of knowledge from mentors can help make a career path for emerging leaders and also help them understand their goals and how to manage conflict along the way.
These types of skills include leadership, strategic thinking, and communication. The transfer of this knowledge can help in any role or career path.
4. To disseminate “insider knowledge”.
There’s no better source of information than those who came before you and helped create the path you’re on.
Read Lauren’s full article here.
Understanding the importance of mentoring in leadership development today, UNC Executive Development designed a program to provide mid-level and senior-level leaders with the skills they need to be effective mentors. The two day program will cover the benefits of being a mentor, understanding the mentee, effective communication techniques, and how to overcome common mentoring challenges.
Click here to view our entire calendar of open enrollment programs.