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Solving the productivity puzzle

Effective mentoring can help individuals make vital connections and ensure organisations are able to boost engagement and productivity. But facilitating that is no easy matter.

 

According to the Office for National Statistics, productivity in the UK fell at its fastest rate in five years in the second quarter of 2019, continuing the trend of recent years. The UK is not unique in facing what has been called the “productivity puzzle”, but it is one of the more glaring examples.

 

There are many contributory factors for this, but one fundamental reason is that a bad culture means many organisations are failing to get the most of employees and their capabilities, leading to low levels of employee engagement and a lack of innovation.

 

But, for many organisations, the answer to greater productivity may be closer to home than they think. According to research, employees that are mentored are seven times more likely to be engaged, six times more likely to be promoted, and are an average of 8 per cent more productive than those who are not. Furthermore, they boast a 20 per cent higher retention rate than other employees.

 

The problem, though, is that while around 75 per cent of Fortune 500 businesses run mentoring programmes, these are often flawed, inconsistent and hard to maintain, and tend to reinforce existing silos, meaning they fail to address key issues around inclusion and diversity.

 

Two years ago, Ed Beccle – then still at school – hit on the idea of a tutoring app which could connect school pupils looking for extra support with university students able to provide that, and then sought to expand this concept into the world of work.

 

With his co-founder Henry Costa, who had come off the back of large success in African Fintech, Beccle created the result – Grasp. A platform designed to enable every employee from any level in an organisation to connect with others in the business, creating a culture of engagement and helping to improve productivity. The platform has since gone on to attract investment from some of the biggest names in business, as a result of cold emails, a game of squash and a very impressive network.

 

“We’ve always had the ethos that everyone has something to share and learn, and it doesn’t matter how senior or junior you are,” says Beccle. “In huge businesses, everyone combined must know everything but it’s how you work out who knows what and then how you connect with that specific person.”

 

Grasp offers a number of products designed to help organisations overcome the issues of low levels of staff retention, productivity and engagement, and bolts on to existing HR software. All its products revolve around the core belief of connecting users in a smart way through the use of both new and latent data sets. Mentoring is Grasp’s flagship product, aiming to disrupt the way mentoring programmes work in enterprises. Grasp believes in being the catalyst and spark for new and meaningful conversations where everyone has something to offer.

Once introductions have been made, individuals can either connect through a Zoom call or arrange to meet in person, depending on their location and the nature of the liaison. “Technology plays a huge part in bringing people together although it’s really important to get people meeting up in person,” says Beccle.

 

“There’s a huge opportunity that’s missed in just meeting people. But a lot of the time people barely know what the person 12 steps away from them does, let alone two or 10 floors above.” He’s keen to stress, too, that it’s not just a case of more junior staff being mentored by more experienced ones, as often younger employees will have skills that can be useful to older workers.

 

Embedding the technology that can help organisations make the most of the skills and experiences they already have in the business can create a culture where mentoring is truly effective, he adds, bringing direct benefits to the bottom line.

 

This is likely to become even more important as Generation Z enters the workplace, believes Beccle, and organisations need to do more to engage them and tackle the productivity crisis. “This will get better and bigger,” he predicts. “Every company will need to use something like this in future.”


For more information on how Grasp can help your business, visit http://grasp.hr/

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