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Monster Study Reveals Veteran Friendly Employer Brand Key to Attracting Veteran Talent
|By Business Wire
|May 29, 2014 09:02 AM EDT
Monster Worldwide, Inc. (NYSE:MWW), the worldwide leader in successfully
connecting job opportunities to people, released the sixth edition of
the Veterans Talent Index (VTI) today, providing insight into what
veterans look for from employers, what types of retention programs are
being used, and what concerns employers have when hiring veterans.
A majority of respondents to the VTI survey seek employment at companies
that market themselves as veteran friendly (85%) and have veterans that
work there (80%); yet 68% of employers surveyed do not have
veteran-specific retention programs in place. Employer respondents noted
the most common and effective retention programs for veteran employees
are those that emphasize mentoring, career paths, and communication.
Many surveyed employers (69%, the highest response rate in three years)
say their company has a stated commitment to hiring veterans, and 67%
report that hiring veterans is “a strategic initiative in recruiting
company talent,” although 89% of surveyed employers agree that they hire
the best talent regardless of veteran status.
More than half of the employers surveyed do not have major concerns when
hiring veterans. Of those who do, their foremost concerns are veteran
employees fitting into corporate culture (28%) and transferring military
skills to corporate job skills (27%).
The Employer Hiring Index, which measures employers’ level of hiring
veterans, how employers view veterans’ job performance compared to
non-veterans, and employers’ motivation to hire veterans, remains stable
at 71 for the second consecutive survey. Employer motivations to hire
veterans, such as “they were the best qualified of the candidate pool,”
also remain steady.
“We cannot bring down the unemployment rate among our nation's veterans
until we match the needs of the private sector with the qualified
servicemen and women who are preparing to transition to the civilian
world,” said Congressman Denham. “The Monster.com Veteran Talent Index
is an invaluable tool for policymakers and private sector companies who
are working to address this challenge, and I want to thank Monster.com
for their commitment to our veterans.”
“We need to do everything we can to make sure our servicemen and women
have the opportunity to achieve the American Dream when they get home.
It’s great to see services that provide data to businesses on how to
become the kind of place veterans want to work. That benefits our
veterans, but also our businesses who gain competent, effective
employees,” said Representative Walz.
"While an increased national focus on veteran hiring is beginning to
show positive results in overall veteran unemployment, much work is
still to be done, especially with the hundreds of thousands of younger
Vets entering the workforce in the next several years,” said Steve
Cooker, Executive Vice President, Global Government Solutions for
Monster Worldwide. “We need to ensure that employers retain the veteran
talent they bring in to their companies. Employers should prepare
themselves to be supportive of veterans in general, putting in place
programs that emphasize mentoring, career paths, and communication,
specifically in that critical first year after they have been hired.”
“Nearly all (99%) of the surveyed employers agree – veterans perform as
well or better than their civilian coworkers. Similarly, employers
report that veterans perform as well or better than non-veterans in
terms of career advancement,” said retired US Navy Rear Admiral, T
McCreary, president of Military.com and Vice President for Monster
Worldwide. “Less than half (45%) of our surveyed employers have
participated in a veteran-specific recruiting initiative, and we’d like
to see this figure grow – companies interested in attracting the best
veteran talent should continuously build and demonstrate their veteran
support programs, as they have shown to be immensely important to
potential veteran candidates.”
The Veteran Talent Index is a snapshot of the current veteran hiring
landscape. Launched three years ago, the Index provides ongoing and
quantifiable metrics of employment conditions for transitioning service
members and the employers hiring them. Twice each year, veterans and
employers are surveyed, and this report marks the sixth survey of Gulf
War Era II veterans, which include veterans who have served since 9/11.
This sixth edition also includes a summary of the National Veteran
Employment Summit. The event brought together human resources
professionals, hiring managers and veteran service organizations looking
to enhance or begin a veteran or military-spouse hiring program. The
Summit differed from other veteran employment programs in that it went
beyond reinforcing the notion that veteran hiring is important and put
the right people in the room together to focus more on proven
recruitment and retention strategies.
For more information, read the complete
report from Monster’s comprehensive May 2014 Veterans Talent Index,
and to learn more about hiring veterans, visit the Veterans
About Monster Worldwide
Monster Worldwide, Inc.
(NYSE:MWW), is the global leader in successfully connecting job
opportunities and people. Monster uses the world's most advanced
technology to help people Find Better, matching job seekers
to opportunities via digital, social and mobile solutions including monster.com®,
our flagship website, and employers to the best talent using a vast
array of products and services. As an Internet pioneer, more than 200
million people have registered on the Monster Worldwide network. Today,
with operations in more than 40 countries, Monster provides the
broadest, most sophisticated job seeking, career management, recruitment
and talent management capabilities globally. For more information visit about.monster.com.
Military.com is the nation’s largest
military and veteran online news and membership organization serving
active duty personnel, reservists, guard members, retirees, veterans,
family members, defense workers and those considering military careers.
Military.com enables Americans with military affinity to access their
benefits, advance their careers, enjoy military discounts, and stay
connected for life. Military.com is a business unit of Monster Worldwide
Inc. More information is available at www.military.com.
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