Carol Fergus, Global Travel & Meetings Director, Fidelity International
Everyone knows there's a labor shortage in the travel
industry. The pandemic exacerbated an already critical problem for travel
agencies, which have long struggled to staff their ranks and even prior to the
Covid-19 crisis were asking where they would find the next generation of travel
advisors and account managers. The entire travel industry is asking the same questions
now.
Diversity recruiting is the answer, and we'll see the
managed travel industry finally embrace this concept in 2022. Partly due to the
scarcity of talent but also because their corporate clients are demanding it.
Procurement departments, for some time, have included a
question about supplier diversity, equity and inclusion policies in their
requests for proposals. Much of this was approached as a tick-box exercise in
the past.
In 2022, as travel buyers re-establish their supplier
relationships and renew their post-Covid-19 programs, they will go much
further. They will ask what supplier policies mean, what actions suppliers are
taking to diversify their workforces, what are suppliers' current DE&I
statistics and what are their future goals. In 2022, my hope is that every
corporate travel buyer will ask these questions and that they will continue to
track supplier progress on DE&I initiatives in quarterly and annual
meetings.
But driving diversity into corporate travel won't be all
about suppliers in 2022. Corporates themselves can take an active part moving
the diversity needle in our industry.
I personally established an apprenticeship model with my
agency of record BCD Travel to support diversity hiring by requiring the agency
to create a paid apprentice position as part of my preferred contract to
support Fidelity International's account needs and travelers. As part of our
partnership, Fidelity pays the apprentice salary—which we would have to pay anyway
for a resource, full stop. For its part, BCD opens the door to an individual whom
the company will educate and sponsor on the next step in their career journey.
It's important to specify we aren't focusing on graduates.
Our purpose is to find candidates who really want to be involved. Candidates who
may have walked by that door of opportunity in the past because they didn't see
anyone like themselves working for that company. Our goal is to build an
industry where everyone can find opportunity if they really want it. We need to
widen the funnel, let them in, support their development and give them a chance
to prove themselves.
I truly believe what we'll find, in the end, is that diverse
recruitment and hiring will make travel companies stronger, more resilient,
more responsive to client needs and more competitive in the long run.
Especially as diverse recruitment matures into diverse management.
A 2018 McKinsey report found diverse companies are 33
percent more likely to have greater financial returns than less-diverse
industry peers. A 2018 BCG report found companies with above-average diversity
at the management level generate innovation revenues 19 percentage points
higher than companies with below-average management-level diversity. More
recent stats show that diverse companies attract and retain talent better than
non-diverse peer companies. As an industry, we need that now and going forward.
Transformational achievements take time. But managed travel
needs to start somewhere. I've been fortunate in the past year to have earned
awards and recognition for my efforts that have resulted in giving me a
platform to be heard. I want to use that new visibility to encourage my
industry peers to take action. Corporate clients have the power to effect
change now—in 2022—by partnering with their suppliers on diversity initiatives.
I challenge every travel buyer reading this article to take a step toward
DE&I for their travel programs this year. My dream is to see 100 companies
adopt the apprentice scheme I developed for Fidelity International—or something
similar—to drive diversity recruitment. At the very least, it will be 100 new hires
and 100 lives changed; at the most it will be the beginning of our industry's future.
________________
This op-ed was prepared by BTN
Editorial Director Elizabeth West based on conversations with Fergus, who
approved this version.