Employee development topics abound as society faces the great resignation, work-life balance and employee retention. Results from Harvard Business School research found that new hires who received effective mentoring were able to outperform their non-mentored peers by 18 percent. What’s more, the mentored employees also stayed with the organization longer than their non-mentored peers.
The problem is that when <mentoring programs> are voluntary, the people who could benefit the most from it are often the least likely to accept it.”
Source: The Horizons Tracker, February 11, 2022. Link. The best approach for organizations is probably to provide mentoring that is compulsory with no opt-out option rather than giving employees the ability to opt-in or out.
Also see: New employee onboarding guide, SHRM. Link. The process of onboarding new employees can be one of the most critical factors in ensuring recently hired talent will be productive, contented workers.
If we don’t worry about onboarding before the employee starts, then we’re way behind. . . and onboarding is not simply orientation.”
INSIGHTS: There are actionable opportunities in these two resources. The importance of long-term mentoring and engagement efforts beyond annual review exercises are important considerations to increase retention and reduce employee turnover.