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Want to retain your youngest hires? Invest in mentorship
Your people strategy should include an element of nurturing professional development.
The stakes for recruiting and retaining talent right now feels higher than before.
With the onset of the Great Resignation, many leaders were forced to reflect and recognize the value of holding on to great employees.
One of the best ways to do that is by incorporating mentorship programs in your company. In my experience, they allow team members to access growth opportunitiesāone of the driving motivations behindĀ whyĀ people quit in 2021, according to theĀ Pew Research Center.
āThere is a widening mismatch between the job environment employees wantāand now expectāand the one their organizations have,ā write four researchers forĀ Harvard Business Review.
Their remedy? Keep your people from leaving by making your company a more attractive place to stay. Thatās why as CEO to my own SaaS company, Iāve found mentoring programs to be such an effective tool. They donāt simply help reduce turnover rates: they make people feel more challenged, engaged, and included.
HOW MENTORSHIP CAN BE A RETENTION TOOL
Over the past 16 years of running my form-building company, Iāve advocated for mentorship programs, and I believe itās whatās helped us maintain a low staff turnover with an annual churn rate of only 5%. Working with mentees has also been essential to my own personal and professional growth, because while not every entrepreneur will admit to it, itās not a one-way street. Even seasoned leaders need to continuously learn from their junior peers. Here are 3 ways to make these programs a key part of your organizationās ongoing success.
1. EMPOWER MENTEES
Every time we have a new hire or intern, we assign them a more senior mentor to guide them through the onboarding process so that they feel more supported. We also encourage cross-functional teams to foster peer relationships. Iāve found that this empowers mentees to feel more confident in sharing their ideas, concerns, and collaborating with their new colleagues.
Itās also important for me that mentors arenāt merely focused on keeping new hires on track, but maintain ongoing conversations about prioritizing their own well-being, one of our core values. For example, in my previous experience with mentees, Iāve made it a point toĀ ask them about their passionsĀ and what theyāre doing to energize themselves.
Itās also one of the best ways we help them understand the kind of culture weāre trying to buildāone that values kindness and care over hard-core productivity.
2. FUEL A GROWTH MINDSET
Something to keep in mind when establishing successful mentorship programs is a focus on diversity and inclusion. As more companies look to expand their staff this summer, itās important to pair mentors and mentees from different backgrounds.
Not only does this promote a more diverse workplace, it also fuels a growth mindset. At Jotform, weāve seen innovation go through the roof because we encourage a warm, non-threatening environment where everyoneās voice is equally heard and taken into account.
Aside from this, mentee-mentor pairs can show off their skills and talents in a co-learning relationship that grows into opportunities for advancement. Ultimately, having access to this kind of formal developmentāin the way of mentoringāis one of the top things workersĀ highly value.
3. CREATE A SENSE OF BELONGING
When it comes to designing your mentorship program, keeping mentees motivated and engaged is key for them experiencing a sense of belonging.
Thatās why each of these co-learning relationships shouldnāt be solely focused on skill development. Mentors can help new hires and interns better communicate with other colleagues and gain a better understanding of your companyās mission.
But donāt forget that this responsibility doesnāt only fall on the shoulders of mentors themselves.
According toĀ Gartner contributors Jackie Wiles and Jordan Turner, building a sense of belonging means eliminating outsiderness. And this comes from your leadership style and overall culture. āBelonging is a key component of inclusion. When employees are truly included, they perceive that the organization cares for them as individualsātheir authentic selves.ā
Itās something I strive to exemplify across my company, because I avidly remember the feeling of āothernessā as a foreign college student from Turkey.
Wiles and Turner put it well: āMany employees still feel like outsiders in the workplaceāwhich causes them to further suppress the parts of themselves that make them unique from their colleagues. Feeling like an outsider is a personally painful, negative experience, a cognitive distraction that undermines focus and performance.ā
From the beginning, I knew that fostering a mentorship program that makes newcomers feel an immediate sense of belonging would be instrumental to our growth as a business. And itās my belief that the true foundation for helping retain your employees should be built upon genuine value and care for them as people.