Great guidance comes in many forms, and both mentors and coaches can help you make progress in your personal and professional life. While both a mentor and coach can contribute to your success, they play complementary roles in your development.
Gaining a better understanding of how mentorship and coaching work helps to highlight the key difference between them.
What does a mentor do?
No matter what stage you’re at in your career, “find a mentor” is a common refrain. However, despite 76% of people claiming mentors are important, only 37% say they currently have one.
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Most people seek out a mentor to get critical advice from a more seasoned professional and open doors to that mentor's network. Plus, some people work with a business mentor within their organization to access higher-level leadership than they might encounter in their daily work.
Mentors range in job title, age, and seniority, but they usually have one thing in common: they are motivated to help others by sharing their experiences.
A mentorship program can help employees open a heavy door to a rich network of potential mentors within their organization. With almost 61% of people finding mentors who work at their current company, the impact of mentoring programs is clear.
Sounds like a dream, right? Yes, but mentors have their limits.
Despite 82% of people believing their mentor would call themselves one, there is no formal title that defines most mentor/mentee relationships. Even in a structured mentoring program, your connection with your mentor is often based on their availability.
For senior-level executives, spare time tends to be pretty limited. That may mean that the more successful your mentor is, the less available they may be, leaving mentees waiting for a chance to catch up.
A monthly lunch with your mentor can be valuable for building your network and asking questions. But, they may not be the best resource to help you build a new skill or make progress on a specific goal.
What does a coach do?
Unlike mentors, coaches are paid, highly-trained professionals. Their job is to guide and enable their clients to identify solutions that can alter behavior or help them develop a specific skill — all through the process of self-discovery and self-awareness.
An effective coach doesn't need to work in your industry, have great contacts, or be willing to open doors for your teammates. Instead, they help you develop goals and make progress toward them.
While coaches are dedicated specifically to formal goals, only 41% of mentor relationships have defined goals. A good coach guides their clients through self-discovery to integrate new techniques that encourage them to build leadership behaviors.
A coaching relationship also offers tangible results like reduced burnout rates, lower stress, and increased passion and resilience.* That kind of transformation is powerful, not just for individual employees, but for the teams they manage, too.
Good coaches are invaluable to organizations for one main reason: they can train managers to be coaches themselves.
This shapes your company's culture in a meaningful way by turning bosses into impactful coaches for their teams.
One of the biggest benefits of coaching is having a professional outside your organization dedicated to you and your team’s success. Many people who get coaching show increased engagement levels at work, job satisfaction, and overall well-being.
The key difference between coaches and mentors, and why you need both
The most significant difference between coaches and mentors is that coaches are paid, and mentors volunteer.
While it may seem like an obvious choice to opt for free guidance, it’s essential to see how coaching and mentorship work together to help employees expand their capabilities.
Many mentors offer support and guidance on what has worked for them in their careers to help their mentees. If they feel confident in their mentee’s growth, they may even make professional introductions to advance the mentee’s career.
While that’s immensely valuable for many professionals, the benefits can fall short without coaching.
A career coach focuses on helping their clients tackle specific, measurable goals through tested techniques. As highly trained professionals, coaches can teach the leadership skills needed to succeed and use the resources a mentor can offer.
In that way, coaching can be valuable for employees at every career level, while mentorship is often focused on early or mid-career development.
Since executive coaching is a paid relationship, coachees have more flexibility with scheduling, too. That means an employee may have coaching sessions more often, like once a week or every other week. More frequent meetings and dedicated attention can help coachees build skills faster.
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A coaching relationship has a fixed training goal, so it usually has a fixed time span. A mentor, however, is often a more long-term relationship.
A business mentor can be helpful because they offer in-depth industry knowledge, connections, and expertise to someone newer in their field.
Within an organization, mentors are invaluable in helping their mentees navigate professional situations and progress through the company. Plus, mentors can stay a vital member of your support system even after you move to another job.
But, since mentorship is a voluntary role, you may not have as much access to your mentor as you’d like.
Developing a mentor relationship can take time and commitment as you build trust and bond. While formal mentorship programs can help speed the process along, building rapport can take time these programs don’t always account for.
