The Many Benefits Of Executive Career Coaching

Executive mentoring is where a senior and more experienced employee takes on the task of guiding and helping a newer or more inexperienced employee to gain a better understanding of their position and the overall culture of the workplace. This kind of mentoring has been a common practice for a lot of companies, obviously because of all of its benefits to the company as a whole.

Employee Performance

The less experienced employees who receive career coaching from their mentors, who are their executives at the same time, gain a clearer understanding of what their company is about and how it operates. A mentor offers valuable insight into how the company makes decisions, which new employees need to learn as well. 

Two-Way Learning

In an executive mentoring relationship, the mentees are not the only ones who learn. In fact, the executive mentors also acquire new insight on how the younger generation thinks. As a result, those senior executives become more informed and aware of the line of thinking of their younger counterparts. Hence, they become better leaders with the deeper understanding of how others approach their jobs.

Improved Networking

Through executive mentoring relationships, both parties develop and enhance their professional and personal networks. A mentor will often let his or her mentee meet important people within and outside of the company. In the same way, a mentor could get to meet and utilize their mentee’s networks too. For both the mentor and the mentee, this is a great tool towards career enrichment.

Loyalty

Those employees who receive mentoring from their executives are likely to develop loyalty to their organization. As a result, they often prefer to stay within their company until they reach higher positions. This is a huge benefit to the company considering that it means lower employee turnover rates, which then means reduced expenses for finding and training new employees. It is also proven that companies with experienced and solid workforce are more stable amidst economic struggles than those companies who always have to deal with employee turnover.

More Satisfied Workers

Employees who receive training from experienced executives typically have a sense of pride from being mentored by the experts. This translates to the building of their self-esteem and confidence. When this happens, the kind of work that they do is better and more efficient. In addition, they feel that they are growing with the company and are becoming more valuable members of the organization. 

In many cases, mentoring is what helps workers determine their career pathways. Mentees appreciate the guidance that they get, and their performance levels go up significantly. More importantly, they feel more than willing to serve as the mentor for other younger employees in the future.