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Mentoring: Beneficial for mentees and rewarding for mentors

 ‘The opportunity to work directly with someone and support their career is one of the most profound and rewarding experiences you can have.’ Mentor – Guild Mentor Platform

If you have ever spoken with someone about mentoring, you’ll likely have heard what a rewarding experience it was. Yet many people don’t consider having a mentor or being a mentor despite the benefits.

Research into mentoring shows:

  • 70% of small businesses that receive mentoring survive more than five years — double the survival rate of non-mentored businesses.
  • Formalised mentoring programs are run by 71% of Fortune 500 companies.
  • Retention rates were 49% for employees not involved in mentoring programs and 69% and 72% respectively for mentors and mentees involved in mentoring programs.
  • Millennials planning to stay with their employer for more than five years are twice as likely to have a mentor.
Are you interested in being mentored?

Being mentored can be invaluable, but it is often hard to know where to find a mentor.

Taking the initiative to find a mentor is one of the best things for your professional growth and development. It has helped many mentees achieve goals they never would have without the impact and guidance of a mentor.

Whether you are already a pharmacy owner looking to continue to improve your business nous or you are a student or intern starting your career, mentoring is a great path to career success.

‘I’ve been able reach out to connections that, without the platform, would not have been available. I was in a stressful situation and my mentor provided guidance which enabled me to make a positive choice for my career pathway.’ Mentee – Guild Mentor Platform

Are you willing to mentor someone in the community pharmacy industry?

Mentoring someone can have a profound impact on their career and professional development, and it can feel very rewarding seeing someone adopting your advice and getting a great outcome.

As a mentor, you could be someone with significant experience in community pharmacy or have expertise in a different industry that could assist a small business owner.

Skill sets in finance, business strategy and operations, marketing, IT or real estate are valuable for pharmacy owners or pharmacists preparing to purchase their own pharmacy.

Likewise, having a high emotional intelligence with the ability to see the big picture, or having experience in negotiating and influencing outcomes can be useful in assisting early career pharmacists in navigating new working environments.

 ‘I recently received a message from a mentee who indicated that the advice I gave had helped them rediscover their passion for pharmacy.’ Mentor – Guild Mentor Platform

An industry-specific mentoring platform

The Pharmacy Guild of Australia has a free mentor platform that is open to anyone interested in growing their skills or sharing their experience.

Developed for the community pharmacy industry, the platform brings together mentors and mentees across the country to collaborate and share experiences to strengthen individual careers and the community pharmacy as a whole.

Visit to learn more, or to review the Guild’s advice to Members for the future of community pharmacy.

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