MyKindaFuture, the leading HR tech company specialising in engaging and onboarding underrepresented talent, has released a new report revealing the behavioural science behind impactful workplace mentoring.
The report follows research that found just 37 percent of professionals in the UK currently have a mentor, despite 79 percent of Millennials viewing them as crucial to their success. This demonstrates a clear disconnect between the appetite for mentorships and the opportunities currently provided by businesses. The report addresses this disparity by offering business leaders a detailed insight into the scientific benefits of mentoring, as well as offering practical advice on implementing an effective scheme and analysing the benefits.
Developed in partnership with behavioural science company, CogCo and leadership consultant, Rita Symons, the report also explores the impact of mentoring in building a sense of belonging amongst staff. This purpose is vital, given that MyKindaFuture’s research demonstrates that less than a third of UK employees feel like they completely belong at their company. This is having a huge impact on retention, and therefore a business’s bottom line. In fact, 80 percent of those who don’t feel as though they belong are considering leaving their role in the next 12 months, demonstrating the catastrophic impact that a lack of belonging can have on a workforce.
Purposeful mentoring offers a solution to this challenge and is an incredibly effective tool for fostering human connection. What’s more, mentoring is proven to be successful in directly supporting employees’ development and progression within a company, with individuals with mentors found to be promoted five times more often than those without, on average.
The report also explores the additional benefits of mentoring as an effective tool to address the belonging challenge faced by many companies. These include improving employee engagement and productivity and addressing the I&D agenda by creating an inclusive and supported workplace culture in which employees of all backgrounds are given equal opportunities to succeed.
Will Akerman, Founder and Managing Director at MyKindaFuture, comments: “Although many mentoring programmes exist, the majority remain ineffective, undervalued and underrepresented. When implemented properly and with purpose, mentoring is a crucial tool in boosting employee engagement, progression, and retention. As a result, it can directly benefit a business’ bottom line.
To download your free copy of the Science of Mentoring Report, visit https://www.mykindafuture.com/2021/09/30/the-science-behind-effective-mentoring-report/