The Power of Mentoring to Build Strong, Inclusive Collaborative Relationships
“The best time to plant a tree was 20 years ago. The second best time is now.”
– Chinese Proverb.
If ever there was a time to invest in mentoring, the time is NOW!
Organisational leaders are increasingly recognising the value diversity and inclusion brings to profitability and growth - more specifically improving financial performance and creating a happier and more productive workforce.
Here’s just a few of the ‘‘17 Statistics Highlighting the Importance of Workplace Diversity and Inclusion”:
Inclusive companies are 1.7 times more likely to be innovation leaders
Sales revenue increases 15-fold among companies with high racial diversity
More than 3 in 4 job seekers are looking at diversity when deciding to accept a job offer
Bringing on-board specialist DEI teams to help leaders create a more inclusive workforce - from reviewing hiring practices to developing comprehensive updates on behavioural competencies, leadership frameworks and training programs is a great step forward and much needed in building the foundations.
When it comes to tapping into the hidden potential that lies in your organisation, we all know that systems, policies and procedures are insufficient - and not the true source of performance and growth.
Whether you’re a large organisation with a dedicated team or a small-to-medium sized business with very little resources, bringing a coach in-house can help your leadership team unlock the (hidden) barriers to performance and focus on what really matters - and what really matters is delivering on the organisations purpose, to have a positive impact on your community and customers.
Mentoring is just one of the many ways a in-house coach can help leaders embrace the efforts of their strategic plans - including their DEI strategy - to create a happier, more productive and resilient workforce.
As a mentor, they bring additional knowledge, skills and experience to help people develop and grow. As a coach they provide laser sharp insights and guidance to help people go beyond the hidden barriers (biases and perspectives) to reach their full potential.
What Are The Benefits To A Business Or Organisation?
The benefits of mentoring are linked to an increase in productivity, engagement and knowledge as well as improved leadership, communication and management skills.
Bringing onboard a coach to mentor leaders can rapidly boost confidence levels beyond what is predictable, alleviate stress and overcome challenges that are hidden because of concerns of vulnerability, job security and - believe it or not - a perception of incompetence if not seen to have all the answers.
The business benefits are proven to accelerate personal growth and performance, retention and transferable people skills - especially useful for leadership development and providing a platform for consistency in KPI assessment and accountability.
92% of companies invest in mentoring to promote learning, reduce employee turnover and develop, grow and retain skills and expertise within the organisation (Source)
Companies with mentoring programs are far more resilient to quitting and disengagement and record 3x higher median profits (Source)
94% of employees would stay longer if offered opportunities to learn and grow (Source)
Of employees who leave within 2 years: 71% think that their leadership skills are not being fully developed. 57% feel that they are being overlooked for potential leadership positions (Source)
Download The Uncharted Leader podcast and listen to the interview Founder and CEO Kylee Stone had with Simone Allan, CEO of The Mentor Evolution about the value of mentoring and surrounding yourself with people who have your back.
“A leader is someone who walks by your side” - Simone
Ignite Your Passion and Amplify the Impact You Have in the World!
Download The Uncharted Leader Podcast ‘The Power of Mentoring ‘ on Apple iTunes or Spotify.
Book a call with Kylee to discover the power of mentoring to connect people with the organisation’s purpose and consider the value of an in-house coach to elevate the hidden leadership potential in your organisation.
Follow Kylee on LinkedIn + Instagram for inspiration on how to listen, live and lead with purpose and the latest updates on leadership transformation, resilience and wellbeing.
Podcast proudly presented by The Performance Code
