032 – Welcome to the Employee Disengagement Party, with Andrew Sherman!
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Andrew J. Sherman is a Partner and Chair of the Washington, D.C. Corporate Department of Seyfarth Shaw Limited Liability Partnership and he focuses his practice on issues affecting business growth for companies at all stages.
He has served as legal and strategic advisor to dozens of Fortune 500 companies and hundreds of emerging growth companies. He has represented U.S. and international clients from early stage, rapidly growing start-ups, to closely held franchisors and middle market companies, to multi-billion dollar international conglomerates.
Andrew has written nearly 30 books on the legal and strategic aspects of business growth, franchising, capital formation, and the leveraging of intellectual property, most recently of which is his new book, The Crisis of Disengagement: How Apathy, Complacency, and Selfishness are Destroying Today’s Workplace.
Click to Tweet: Welcome to the Employee Disengagement Party! A leadership chat with Andrew Sherman on the Your Best Manager podcast
Andrew Sherman Interview – Key Takeaways:
- 2:12 Andrew Sherman’s Career Path
- 3:25 Why Andrew wrote The Crisis of Disengagement
- 4:45 “Nobody’s rolling around in bed at night at 2 in the morning, thinking of creative ways to drive business growth and innovation at their companies, when they hate their jobs.”
- 5:14 Over 70% of U.S. Workers are Disengaged (Gallup Survey)
- Only 4% of workers are “highly engaged”
- Unhappy people recruit other people to be unhappy
- 7:07 An Employee Engagement Crisis… But Also an Opportunity
- The next generation of leaders can fix the problem, in consultation with the Gen Xers and Baby Boomers
- 8:24 Practical Conclusions
- Managers need to learn how to manage disengaged employees
- The 4% have an incredible advantage
- 10:42 Simon Sinek’s “The Millennial Question” and the Best Case Scenario
- If trends continue, we’ll have an entire generation of apathetic companies, apathetic leaders, and apathetic employees.
- 12:04 The Consequences –> Low Productivity (and Profitability) and the Cost of Attrition
- Plus the lack of innovation and creativity, social media and branding damage, absenteeism, workplace injuries, theft and pilferage
- 14:02 What do Disengaged Employees Want?
- They want to be engaged!
- 14:40 It’s not about the money
- 15:22 People want opportunity, mentoring, training & education, empowerment and input on decision making
- 16:25 Is Employee Disengagement Spilling out into our Communities?
- 16:57 – We can’t afford to operate as a society when people are negatively reacting to their work day
- 18:23 Do Employees Really Quit Jobs for More Money?
- 19:12 It’s an easy out
- The result? A really unhappy but wealthy society
- 21:45 What is The Manager’s Responsibility?
- Responsibility #1: Be Engaged
- Walk a mile in the shoes of your people
- Look at compensation and rewards
Interesting Links & Resources:
Free Management Course: Fully Engaged in 10 Days – Learn Three Critical Components to Increasing Employee Engagement on Your Team