Experience is a valuable thing. And while there’s no substitute for earning it the hard way, there’s also no rule against leveraging the wisdom of others.
A good mentor will provide honest feedback on how you’re performing and offer suggestions on how to improve your performance. They may also introduce you to people in their own network who can further your career.
- Improving the breath of your problem-solving capability
- Increasing your productivity and performance
- Building your leadership and management skills
- Improving your confidence and broader business perspective
- Developing your networking skills.
As Ivonne Muryadi, FTI, Senior Analyst, (RSM Australia), one of the mentees in The Tax Institute's Young Practitioner Mentoring Program in 2018, said "It's a good opportunity to broaden your network and gain a new perspective. I improved my confidence and I am grateful to my mentor for that."
The mentor-mentee relationship
Over time, interactions might become less frequent. And, if the mentor has done his or her job properly, at some point the mentee will have learnt all they can. At this stage, the parties involved may decide to stay in touch or go their separate ways.
However the relationship unfolds, the mentee should always show the appropriate gratitude and respect towards the person who has chosen to help them out.
People often agonise over where to find an appropriate mentor, but if you think about it, you’ve almost certainly been mentored throughout your life by relatives, former teachers and sports coaches.
A good mentor will be someone you respect, who can teach you what you want to know and help you get where you want to be. Above all, they'll be someone who has the time to dedicate to a mentoring relationship.
For younger tax professionals, The Tax Institute's Young Practitioner Mentoring Program takes the guesswork out of the process, using a scientifically developed matching process to pair those in the early stages of their careers with experienced mentors,
The assistance provided may change over the course of the mentoring relationship, but could include providing guidance and advice, sharing ideas, providing feedback, acting as a sounding board when discussing potential courses of action or concerns, playing ‘devil’s advocate’ where appropriate, suggest resources to help you improve your career or professional development, expanding the mentees network of contacts.
Applications for this year's program close 31 March 2019.