A report from UK HR tech company MyKindaFuture suggests that only 37% of UK professionals currently have a mentor, despite nearly eight of out ten (79%) of millennials viewing them as crucial to their success.
The research also indicates that less than a third of employees feel like they completely belong at their company and most of these people (80%) are considering leaving their role in the next 12 months.
Purposeful mentoring offers a solution to this challenge and is an effective tool for fostering human connection. Mentoring is proven to be successful in directly supporting employee development and progression within a company. On average, individuals with mentors are promoted five times more often than those without.
The report also explores the additional benefits of mentoring to address the belonging challenge faced by many companies. These include improving employee engagement and productivity, and creating an inclusive and supported workplace culture where employees of all backgrounds are provided with opportunities to succeed.
Will Akerman, Founder and Managing Director at MyKindaFuture said “When implemented properly and with purpose, mentoring is a crucial tool in boosting employee engagement, progression and retention – it can directly benefit a business’ bottom line.
