The Power of Mentoring to Build Strong, Inclusive Collaborative Relationships

If ever there was a time to invest in a mentor , or be a mentor, 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 three 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

Creating specialist DEI teams to help leaders create a more inclusive from reviewing hiring practices to developing comprehensive updates on behavioural competencies, leadership frameworks and training programs is a great step and much needed in building the foundations.

However, 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, as a result, focus on what really matters - and what really matters is delivering on the organisations purpose!

Mentoring is just one of the many ways a in-house coach can help leaders embrace the efforts of 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?

Mentoring can be linked to an increase in productivity, engagement and knowledge as well as improving leadership, communication, and management skills. Having a mentor is not only a confidence booster, but it can alleviate stress, overcome challenges, and help improve mental health wellbeing at work.

The business benefits of mentorship are well proven to accelerate personal growth and performance, increase confidence, and transferable skills especially people skills, therefore it is especially useful as part of leadership development and provides a platform for assessment and accountability.

Check out some of the following stats:

• 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 an interview, Founder and CEO Kylee Stone had with Simone Allan , CEO of The Mentor Evolution, about the value of 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