Onboarding is a critical time for new employees. This is the time when they begin to decide how they feel about being associated with an organization and the new role they have taken. Unfortunately, many organizations face challenges when it comes to onboarding. Many organizations see a delay in onboarding which leads to less productivity, a lack of resources and accountability for the new hire, and in some cases the overwhelming of new hires due to short onboarding timelines. Luckily, these issues can be solved by using a mentoring program during the onboarding process.
Here are 6 benefits to using a mentoring program during onboarding.
- Networking Within the Organization
Many new hires struggle to become integrated with coworkers at the organization. This is especially seen within larger organizations. Mentors will be able to share their professional network with the mentee. The mentee will then have the opportunity to feel like a part of the organization from the very beginning through their mentor’s introductions. This improves the individual’s engagement as they become a part of the organizations culture.
- Tools to Navigate Organization’s Culture
Not only is it helpful for a mentee to use their mentors network, but it’s also helpful to have their insight on the organization’s culture. Every organization does things differently. They have different expectations, objectives, and policies. The culture is more difficult to cover during traditional onboarding, so having a mentoring program during onboarding can help to relieve the stress of the mentee having to simply “figure it out”.
- Resources Necessary to Excel in a New Role
Some new hires feel that they were unsuccessful in a position because they were not given the resources necessary to excel. Others feel that they are given too much information during onboarding and what they need to know about their role is lost. No matter which scenario is taking place, having a mentoring program is a great way to resolve the issue. By participating in a mentoring program, the mentee will have help from a mentor to set the necessary targeted competencies needed to be successful in their new role. The mentor will have been in a similar career position and will understand how to steer their mentee in the direction. The mentor will also be able to help the mentee develop the skills necessary to reach their goals.
- Reduce time to productivity
Organizations need time to fill a role and onboard a new hire, and during that time productivity for the entire organization can suffer. With traditional onboarding practices, it usually takes an employee up to 2 years to reach a satisfactory productivity level. By using a mentoring program during the onboarding process, you can significantly reduce this time. The mentor will be able to increase the level of productivity from the mentee by teaching them the necessary skills and competencies that would take them much longer to learn on their own. This is a vital part of production.
- Increase Employee Engagement
An article published by Forbes stated that Deloitte’s 2016 Human Capital Trends report found that 85% of executives surveyed rated engagement as an important or very important priority for their business. Why? Because, new hires have the highest risk of turnover in their 1st year at an organization and 86% of new hires make that decision in the first 6 months. Why? Because today’s workforce does not have the sense of company loyalty and engagement that they need to make a long-term commitment to an organization. This lack of engagement means that they are not emotionally committed to the organization and its goals. When employees are engaged, organizations will see higher levels of productivity and better business outcomes. Mentoring helps to increase employee engagement by introducing programs such as career development and leadership development. By helping the mentee build a career path and achieve goals, they are giving them more incentive to feel committed to an organization that wants them to succeed.
- Increase Retention of Skilled Workers
Employees leave companies every day, and as the economy continues to flourish and more jobs become available, the competition to hire skilled workers becomes fiercer. With more difficult odds, employee retention is more important than ever. If you aren’t offering your employees something more, it is much easier for another company to offer them something “better”. For these offers to become less attractive, an employee needs to feel secure with their position and hopeful about future possibilities. Mentoring gives this to them. Studies have shown that new hires who attending onboarding programs that include mentoring are 69% more likely to stay with the organization. As mentees continue to develop their career with the assistance of a mentor, they will see the value of the position that they have at their current organization.
If you are interested in learning more about have a mentoring program during your onboarding process, request a demo with one of our experts.
Watch the on-demand webinar: How to Make Onboarding Effective Through Mentoring