Hiring veterans for civilian jobs can be extremely beneficial for employers. Now, a new law may help incentivize the process for companies across the country.
In May 2017, the Honoring Investments in Recruiting and Employing American Military Veterans Act, or the HIRE Vets Act, was signed into law. This new legislation was created with the intention to promote and incentivize private sector companies to actively recruit, employ and retain men and women who have served in the U.S. Military.
Companies that participate will be eligible to receive recognition from the U.S. Department of Labor. Organizations that have displayed outstanding efforts will be awarded with “HIRE Vets Medallions,” under different tiers of recognition based on the size of their company and the scope of their veteran recruitment efforts.
According to the Bureau of Labor Statistics, veterans made up around nine percent of the U.S. population ages 18 years or older — around 20.9 million people — in 2016. And that number is growing — with upwards of 3.5 million military veterans expected to make up the workforce by 2023.
Here are some the benefits of hiring veterans you may not find on a resume:
Performance under pressure.
Working in the military gives veterans a clear understanding of tight schedules, limited resources, and the need to work well under pressure. Former military men and women know the importance of completing a task, even in the toughest of situations.
All vets go through boot camp of some sort, so even the youngest military members complete more rigorous training than the average entry-level applicant. Also, many receive in-depth training in fields like engineering, security, intelligence, or manufacturing.
Strong work ethic.
A career in the military is never an independent gig. Military members answer to superiors, follow direction, and know how to cooperate with others. Teamwork is an essential part of many jobs in the U.S., so hiring veterans could help bolster workplace collaboration.
As Gen. Stanley McChrystal, veteran and author of “Team of Teams,” told Harvard Business Review: “The things that make the military so good and able are very basic things, such as building levels of relationships and understanding capabilities. I find leadership in the commercial world is extraordinarily similar.” Veterans are familiar with work that requires them to be diligent and they know others depend on them. Hiring veterans ensures you’ll work with men and women who maintain a strong work ethic from start to finish.