The benefits
of a coaching &
mentoring program
In today's working world, organizations can't afford to think about
coaching and mentorship as optional, nice-to-have benefits for extra-
motivated employees. Instead, now is the best time to be investing
in your formal coaching and mentoring program—or creating
one, if you haven't yet.
Why? Because enabling your workforce to learn from each other
empowers them to see opportunities for career growth, helping
them stay motivated and fulfilled by their work.
That ability to see growth really matters.
A recent report from
OpenSesame and Lighthouse Research & Advisory examined some
of the key trends employers need to be aware of in 2023. One
staggering statistic: Two in three workers have quit a job because of
a lack of career growth, but 90% of them would have stayed if they'd
seen opportunities ahead. Meanwhile, a study by the Association
for Talent Development found that organizations with mentorship
programs have 50% higher employee retention and engagement
than those without—and that collaboration within the company goes
up even more when those programs are mandatory.
2
It's hard to ask for clearer evidence than that.
If you're not taking your coaching and mentoring program
seriously, your whole organization is missing out.
2 in 3 workers
have quit a job
because of a lack
of career growth,
References:
1 3 Key Learning Trends for 2023: What Employers Need to Know
2 Mentorship leads to employee retention | hcamag.com
but 90% of them
would have stayed
if they had seen
opportunites ahead
1
90%
1
