You shouldnâ€™t mentor! That is, unless you can see how critical mentoring has become both to young professionals seeking to understand the business world and seasoned professionals eager to learn new, innovative technology.
You might consider mentoring if you know what you have to offer and are eager to share what you know with someone else. You will, without question, be an exceptional mentor if you are ready to receive all the rewards that come when you help someone else. You should only mentor if you care about the long-term success of your organization.
â€œMore than 60% of college and graduate students listed mentoring as a criterion for selecting an employer after graduationâ€ (Source: MMHA)
â€œ76% of Fortuneâ€™s top 25 companies offer mentoring programsâ€ (Source: Fortune)
â€œ96% of executives say mentoring is an important development toolâ€ (Source: AccountTemps)
â€œ77% of companies report that mentoring programs were effective in increasing retentionâ€ (Source: The Center for Creative Leadership)
â€œ35% of employees who do not receive regular mentoring look for another job within 12 monthsâ€ (Source: Emerging Workforce study by Spherion)
â€œ62% of employees who have received mentoring say they are very likely to stay with their current employerâ€ (Source: Yellowbrick)
â€œ75% of executives point to mentoring as playing a key role in their careersâ€ (Source: ASTD)
For those of you who have clearly decided that mentoring is for you, here are three tips to increase the chances of huge success as a mentor:
Tip One: Know What You Have To Offer. Before deciding to become a mentor, take 30 minutes to write down all the skills/experiences you have to offer. At the end of the 30 minutes, circle the skills/experiences you want to share. This will offer a fantastic foundation for the mentoring relationship. I also encourage you to create a list of skills/experiences you would like to gain â€“ you never know, this could be a great reverse mentoring relationship â€“ you can learn from each other.
Tip Two: Learn What Your Mentee Is Hoping To Gain. Whether you are participating in a mentoring program within an organization or you are looking to mentor outside the context of a formal mentoring program, itâ€™s essential to learn about what your mentee is hoping to gain from you as their mentor. What kind of skills/experiences are they hoping to gain? Perhaps they want to gain your perspective on their experiences as they go along â€“ either way, itâ€™s important to be clear about what they want to gain.
Tip Three: Set Clear Expectations. The vast majority of mentoring relationships fail miserably because expectations were not clear. Itâ€™s important that both the mentor and mentee are clear about what they are hoping to gain from the relationship. Sometimes mentees are hoping for certain connections or possibly even a promotion as a result of the mentoring relationship. I highly discourage professionals from entering mentoring relationships for this reason. Instead, focus on the skills and experiences each would like to gain from the relationship. As a mentor, know what you have and want to offer, communicate it clearly and take the time to learn what your mentee is hoping to gain.
Bonus Tip: Get An Outsiderâ€™s Point of View. Mentoring relationships can sometimes present challenges. Itâ€™s hugely valuable to have someone to bounce ideas off when things are not going as planned. You can seek this kind of support in an executive coach â€“ you can also ask someone you highly respect to provide an unbiased point of view. Itâ€™s important that your â€œoutsiderâ€ be committed to the success of the mentoring relationship â€“ not simply committed to making you right!
â€œFor every two Baby Boomers leaving the workforce only one young professional will fill their spot.â€ â€“ Census data
The vast majority of todayâ€™s young professionals are in serious need of strong mentors. That is, those willing to help them see how to successfully navigate their careers. They need the guidance and are eager to gain your support. Since the majority of them have never received feedback and many of them have never been allowed to experience failure, they need someone who is willing and able to help them grow.
Fortunately, their growth is a huge advantage to any company or leader. The more time and energy you put into your people, the more they will give you.