PSFK’s Future of Work report explores how technology is being leveraged to support cross-team communication
Mentorship comes in many forms. It can either be lending a hand to fix the printer, a part of an onboarding process or an important legacy of the field. Regardless of mentorship scale, companies today leverage new technology to facilitate supportive communication—an efficient way to harness the knowledge and passions of current and even former employees.
In our new Future of Work report, PSFK Labs explores why mentorship is an integral factor in hiring and retaining valuable employees. In a 2016 report from PwC, 28% of the entering workforce identifies working with mentors as the most valuable corporate development tool. “Mentor programs help attract, retain and develop top talent…they are low cost with a high impact return,” says Jenny Dearborn, SVP and Chief Learning Officer at SAP. To attract talent, businesses utilize mentorship to display that employees are valued in the organization.
Traditionally, mentorship might be considered a burden as it could put extra work on senior staff. However, in today’s rapidly changing digital landscape, it is often the other way around. To promote mentorship benefits at all levels of an organization improves relationships between senior and junior staff and raises the profile of all team members by motivating them to share skills. It is an obvious way of unlocking untapped potential in the workforce.
In an initiative by Nestlé, C-level executives partner with younger tech-savvy employees to remain up-to-date on the latest platforms and technologies. With an opt-in structure, the initiative pair executives with associates as young as 20 years, exchanging knowledge about new tools, millennial culture, social media and beyond. Many employees of Nestlé’s senior staff (including the company’s division chief executives) have signed up, allowing them to share their experience and career perspectives in an open setting.
Business development consultancy McKinsey&Co is not only tapping current employees for knowledge but past employees as well. To achieve this, McKinsey maintains an extensive informal alumni network of ex-employees, partners and associates to aid informational events, share knowledge and network with current employees by email. A large number of alumni today are top executives in organizations surpassing $1 billion in revenue, making them perfect candidates to inform a younger generation.
Download PSFK’s Future of Work report to gain insight into the policies and tools that leading organizations are adopting to attract and cultivate tomorrow’s leaders today. Take advantage of the full findings, summary presentation, workplace visions and exclusive articles to get your company up to speed on the transformational workplace strategies that are driving innovation in business.