Friday, July 20, 2012

Monster.com Releases its Latest Veteran Talent Index



In the second release of its Veteran Talent Index since its inception in November 2011, Monster.com sheds light on an increasingly positive trend among employers toward hiring veterans. The May 2012 Employer Veterans Hiring Index, a monitor of how employers who have hired multiple veterans in the past year compare work performance to non-veteran employees, surveyed over 900 employers. And, while the Index dropped three points from 74 to 71, it does indicate an overall increase in confidence in veteran employees.

The Index revealed a 3 point increase over last year in employers who had hired more than one veteran within the past year, rising from 70% to 74%. A whopping 99% of employers surveyed felt their veteran employees’ work experience was the same or much better than non-veteran workers, and the same percentage would recommend hiring a veteran.

These employers also reported that veterans were the best qualified candidate for the job. Interestingly, survey results showed that this may not be due to the veterans’ work and military experience as much as to their much needed special skills and talents. Additionally, many jobs (72% according to the Talent Index) require less than five years of work experience, while a vast majority of veterans (83%) have more than five years of military experience.

These positive trends, however, are countered by decreasing confidence among veterans in finding jobs. This may be due in part to the fact that less than haf of the veterans who responded to the Veterans Career Confidence Index feel prepared for their transition. Despite this frustration, though, these same veterans have an increased sense that their military skills are valuable in civilian careers (up to 75% from 73% in November 2011).

The report has the following advice for transitioning veterans: When deciding where to look for a job, be aware that the larger the geographic area you include in your search, the higher your chances are of finding work. The narrower your area, the fewer the opportunities. If you're willing to relocate, make this a conscious part of your job hunting process.

The  Employer Veterans Hiring Index  is a great indicator of an ever growing trend toward hiring veterans. It also shows that those that do hire veterans are happy with their choice, continue to hire more veterans, and would recommend that other employers hire veterans, as well. With the proper preparation and resources, veterans should be  poised to take advantage of this trend while proving what we here at From the Battlefield to the Boardroom already know: veterans are a great asset to any company looking to expand their workforce with talented, innovative, hardworking employees.

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