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Hiring a Veteran: The Benefits & Numbers


Today marks Veteran's Day, a national holiday to celebrate and honor the men and women who serve our country. Many companies understand the importance of hiring returning soldiers, and the benefits of government training and work ethic. For this reason, according to a study commissioned by JP Morgan, large-scale businesses, including AT&T, JPMorgan Chase and Verizon, have formed a coalition to hire 200,000 veterans by the end of this year.

The companies say that combined, they have hired more than 190,000 veterans and are now preparing to hire more than 200,000 by 2015. This news comes as the White House prepares to spotlight the unemployment rate among former service members – down from 2013, but still two percent higher than the national unemployment rate of 5.8 percent.

With more than 21.8 million veterans living in the United States, hiring a veteran is not only important to help re-establish our heroes in the workforce, but also to hire employees with a strong work ethic and specific skillset. 92 percent of veterans 25 and older have at least a high school diploma, compared to 86% of the total population. 26 percent of those veterans have at least a bachelor’s degree. They typically hold positions in public administration, transportation and utilities, manufacturing and retail.

While veterans make stellar employees, they are also successful business people, owning 9 percent of all US businesses and generating a combined $1.2 trillion, employing 5.8 million citizens.

Jobs typically filled by veterans are in the tech field where required skills include computer security, Microsoft SQL Server knowledge, electronic troubleshooting, security risk management, CISCO networking and program management. Common, in-demand tech jobs filled by veterans often include program manager, IT consultant, business development manager, systems engineer and field service engineer – all earning more than a $40,000 salary.

In 2011, Michelle Obama challenged employers to hire 100,000 veterans and military spouses by 2014 – employees that joined the initiative are Microsoft, Google, Honeywell, Southwest Airlines, Verizon, Home Depot, and of course JP Morgan Chase and AT&T. While companies continue to strive to lower the unemployment rate among our veterans, the benefits of hiring military personnel are obvious when valuing loyalty, reliable work ethic, motivated productivity and comprehensive communication skills.

 

 

Information from the United States Census Bureau.


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