Did you know that January is National Mentorship month? In 2023, there is going to be increased pressure to retain talent while organizations combat the recession with hiring freezes. For managers, this means creatively engaging their teams so that they are inspired to stay longer and perform at their best. One way that managers can achieve that is by adopting a mentoring relationship with their direct reports.
Enjoy revisiting these blogs and the many tips and tricks included with each blog post. Please help us expand our community by following us on LinkedIn and Facebook and continue to visit Truvelop’s blog for valuable insights into best practices in performance management, real time feedback and employee engagement, and how to improve the overall employee experience.
Mentorship is not only important for GenZ employees, it is invaluable to retaining and advancing women and minorities. According to a study from Cornell University, mentoring programs “dramatically improved promotion and retention rates for minorities and women—15% to 38% as compared to non-mentored employees.”
We are excited to welcome DEL Electric to our growing customer base! DEL Electric is leveraging our mobile solution to standardize the performance review process and increase real time feedback. Justin Townsley, Director of Human Resources, speaks to their excitement of implementing Truvelop as an important part of their employee development strategy.
As shared in an article published by LinkedIn, surveys have found that only 16% of employees identify “cool workspace, free food, and game rooms” as important to their work experience, while 58% define the employee experience as being empowered and trusted by their management.
One of the many benefits of Truvelop is the messaging our Customer Success team sends to leaders and managers on the 1st and 15th of every month. Through Truvelop Tips, we share best practices, proactive recommendations, and quicks tips with end users on various topics. Here is an excerpt from the most recent Truvelop Tip: Manager as Mentor.
As reported by HRDive, 81% of employees said they experienced more energy, happiness and productivity when they felt trusted at work, and 47% would take a pay cut up to 20% if it meant being trusted more.
Last week, our Customer Success team led January’s Lunch and Learn, Manager as Mentor. As we head into 2023, there is going to be a renewed focus on retention as organizations balance a hiring freeze and limited workforce in a recession. For managers, this means that it’s time to get creative around how they best engage with their teams.
For employees who are seeking advancement or are concerned that new technology could eliminate positions, upskilling is a great way to develop skills to remain relevant and needed in the workforce.
Up Next…
For the next months, our team will continue to share best practices and tips around creatively retaining talent. For February, the focus will be all around holistic support. There are a lot of additional stressors affecting people both in and outside of work, so in order to retain your team, it’s important that they feel seen and supported as a person, not just another cog in the machine.
Contact us today to learn more about our modern approach to performance management and development and how it solves for retention. Don’t just take our word for it, see what our Customers have to say.
