Vic Pynn On Three Questions Every Industry Leader Must Ask

From The FieldThere’s a common concern that as professionals from older generations wrap up their careers, the corporate travel profession won’t find enough younger talent to fill all those positions. Many expect the deficiency to hit both travel agents and corporate managers. Travel industry veteran Vic Pynn is focused on addressing the problem. He’s worked for American Express, TRX and Amadeus, and as a professional coach and mentor. Here he raises the issue of attracting and retaining travel industry talent and goes a step further by urging closer consideration on how to develop tomorrow’s leaders.


For the past two decades, I have attended the Global Business Travel Association convention and other travel industry conferences, and they only seem to get bigger and better over time. This year in San Diego, more than 6,000 people came together to learn, connect and address new industry challenges. Heading home, I reflected upon how dynamic the travel industry had become. That constant dynamic of change and complexity keeps travel industry professionals engaged, energized and wanting to stick around.

Listening to the speakers at the sessions, I sensed that our industry is entering a period of unprecedented complexity. On the technology front, we see IATA’s New Distribution Capability changing how and what we distribute to end buyers. Artificial intelligence is playing a greater role in marketing to and servicing the end traveler. Duty of care has become more essential with today’s globe-trotting road warriors. Agency consolidation is happening at a faster pace, which complicates the integration of technology.

Driving all of these changes are the travelers themselves who expect and demand that technology will continue to serve them more effectively and efficiently.

All of these changes prompt me to ask three rhetorical questions:

Vic Pynn
Travel industry veteran Vic Pynn

1) How are we doing at attracting future leaders? We must ask ourselves if our industry is investing enough time and money attracting fresh, new talent that is skilled and able to solve problems using the latest technologies. Put simply, are we building a fresh “bench” of future leaders that can effectively lead our industry forward?

2) How will we pass the baton to the next generation? Our industry’s aging population is a major challenge we must address now. Current leadership teams must ensure that their organizations are creating the right cultures that attract and retain skilled professionals to drive future leadership. The next organizational cultures will be more complex than anything we have seen in the past, due to the rapid rise of technology and the merging of multiple generations (Baby Boomers, Gen X, Millennials and Gen Z).

3) Are we fostering strong career development cultures? This includes identifying high potential employees and ensuring we provide learning experiences that enable them to take on senior roles when required. GBTA has begun this journey with its Ladders mentoring program. After several years in the works, it is becoming an outstanding model that sets up young, future leaders for success. As this program evolves, we should look to it as a “best practice” that other organizations across the industry can replicate.

In summary, I believe now is the time for our industry to step back, look, listen and prioritize talent attraction, growth and retention across this industry we all love. As today’s senior leaders, we are responsible for ensuring that tomorrow’s talent is ready to lead the way forward.

So the final questions become, are we ready to forge our industry’s future the right way? Looking ahead, how can we improve how we invest and grow future industry leaders?

Author: Victor Pynn

Vic Pynn is a long-time travel industry executive. After five years as a vice president at American Express, he rose through the ranks at TRX, ending his time there as chief operating officer. Vic then worked at Amadeus IT Group for nine years, most recently as COO for North America. As a certified StrengthsFinder coach and mentor, he helps people identify, develop and apply their talents and passions. Vic has authored pieces outlining the critical importance of nurturing talent and presented on various business topics. Also a certified general accountant, he graduated from Seneca College after studying and business and finance. Vic serves as a board member for the Global Business Travel Association Foundation and Leukemia & Lymphoma Society. Connect with him on LinkedIn and follow him on Twitter.

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Caroline Strachan
Advisor

I always love chatting talent and people leadership with you Vic, thanks for your contributions.

Kim Castro
Subscriber
Kim Castro

Thanks for this, Vic. You are perfectly correct that more needs to be done to create the leaders of tomorrow. It is everyone’s responsibility, I believe, to send the elevator back down. Thanks for the work you are doing to make that a reality.

Donna Goudie
Guest

Thank you (again) for your leadership in the talent area Vic. We as an industry are behind the modern learner in so many ways. Carving out the right amount of time to focus on this and prioritizing growing our future leaders should be in each of our annual goals. Bravo for brining the conversation back to people!

Larry Silman
Subscriber
Larry Silman

Spot-on, Vic. As a fellow “long-time” industry veteran, I’m particularly conscious of the kind of leadership void you describe. After a seven-year career detour that took me away from the corporate travel space, I’ve been surprised to see how little has changed on the industry leadership horizon. Thankfully, I’m surrounded by a highly motivated, multi-generational team that is happy to learn from my experience, and happy to inject their own skills into the arena in an effort to drive even greater results. And, feeling every bit as much a student as a teacher keeps me from relying too much on… Read more »