The April survey of over 900 employers as part of the Veteran Talent Index: May, 2012 (VTI) revealed continued positive indications towards veterans. It also revealed a gap between veterans and employers views, and a sense that veterans need to do a better job of explaining themselves in order to more successfully compete with the national job seeker pool.
As part of the VTI, the Employer Veterans Hiring Index monitors how employers who have hired multiple veterans in the past year compare their work performance to non-veteran employees. The May 2012 Index dropped to a 71 on a scale of 0-100 compared to a 74 in November 2011.
1) Employers Hiring Veteran Workers Up from 70% in the prior report, an encouraging 74% of surveyed employers reported they had hired more than one veteran within the past year.
2 ) Comparison of Work Performance of Veterans to Non-Veterans - Nearly all surveyed (99%) who had hired a veteran felt their work experience was about the same or much better than non-veteran workers; 99% would recommend hiring a veteran.
3) Motivation to Hire Veterans - Employer sentiments to hire a veteran were mixed. More respondents reported veterans were the best candidate for the job, yet fewer saw a candidate's work and military experience as primary drivers to hire, suggesting the translation of military careers to civilian jobs remains a factor.
4) Unique Set of Skills - Down from 44% in November 2011, 32% of respondents reported veterans offer needed special skills and talents compared to non-veterans.
Employer Motivation Goes Beyond Veteran Status
The May 2012 survey revealed that employers are primarily hiring veterans simply because they are the best qualified for the job.
A higher percentage of employer respondents, up from 63% to 70%, said they hired the best qualified candidate while all other reasons to hire veterans, ranging from work to military experience, were less of a driver.
Two of the changes in employer motivation were noteworthy. “Sense of patriotism‟ dropped significantly, again, showing employers hiring based on a veteran's proving their worth versus hiring them simply because they are a veteran.
Second, despite the government's detailed financial benefits available to those who hire a veteran, employers have nearly dismissed this as a motivator, perhaps due to the complexity of receiving these benefits.
Employers also noted they were hiring veterans for their security clearance, knowledge of government jobs, or because they or a family member/friend was a veteran.
Employers should be able to easily leverage the former two traits; 54% of veterans who have posted a resume on Monster have a security clearance, with more than half of these being active clearance.
Further, over one-quarter of surveyed veterans are interested in working in a government role which may require a level of clearance.
Monster will continue to monitor veterans’ job search conditions as well as the success and challenges employers face in recruiting them.
Monster’s Career Confidence Index, Job Search Activity Index, and Employer Veteran Hiring Index will provide an ongoing and quantified metric to gauge these populations in the years to come.
Read the entire report: Veterans Talent Index: May 2012