According to an article by Park Communications Ltd., 35% of Millennials and 24% percent of Generation Z will make up more than half of the global workforce by 2020.
Although most Gen Z’s are still high school, 15% are already pursuing a bachelor’s degree while 10% are undergoing a vocational training. 3% are pursuing a master’s degree, and another 3% are already a part of the global workforce, according to Forbes. Hence, making it crucial for the older workforce to impart their best practices and experiences to the younger generation.
Benefits Of Dynamic Mentoring For Millennials And Gen Z
As heard multiple times already, salary is no longer the strongest motivator of these generations. Millennials and Gen Z’s perceive regular communication, recognition, and feedback among others to be more valuable than money.
Also Related: How To (Successfully) Manage Millennials
The best mean of providing these to your current and future employees is dynamic mentoring. Aside from the job satisfaction, confidence, and encouragement that it will give your employees, you will be able to monitor their performance and increase your staff retention as well because mentored employees have a higher chance of staying loyal to their company.
Having that said, here are the key takeaways of the infographic from Business Coaches Sydney which details the five benefits of dynamic mentoring in the workplace:
- Quality Of Service – Increase company understanding
- Time-saving – Improve learning on the job opportunities
- Employee satisfaction – Increase productivity
- Synergy – Improve teamwork
- Personal & Career Growth – Improve future decision-making
To learn more about this topic, check out the infographic below.