Question

What benefits can be expected from a mentoring program when using to develop an employee? How are these benefits relevant to compensation?

Answer 1

Answer:

Mentoring program can identify employee’s strength and help them to channelize appropriately so that it can be leveraged in employee’s, team and organization’s benefit.

• Weakness can be worked on so that it is minimized or overcome thereby causing minimal damage.
• Proper approach towards understanding a problem and eliminating it can be done.
• Existing skills can be polished and new can be developed by proper mentoring program
• Proper mentoring program can boost employee’s confidence.
• It can also be source for management skills and personal skills.

These benefits are relevant to the compensation of employee as by proper mentoring the employees benefit through a range of things starting which are:

• Eliminating weakness or overcoming it.
• Identifying & grooming strength
• Adding new skills, polishing existing skills helping in becoming subject matter experts.
• Gaining leadership qualities & management skill
• Helping in developing in cognitive skills by learning how to approach & solve problem & disputes.
• Learn to become a mentor themselves and helping other.

All above thing help an employee to stand out of the crowd, add value to the organization & thus become more acceptable for better pay, perks, position & compensation.