Why Military Veterans Can Transform Your Company—And How To Attract, Hire, And Retain Them

Alex Csedrik | WayUp | May 23, 2019

Memorial Day honors those in the military who gave the ultimate sacrifice for this country. While it’s so important to honor the past, we can’t forget the present and future. One way you can achieve this is have your team focus on attracting and hiring more veterans.

April’s unemployment rate for veterans fell to 2.3 percent, the lowest it’s been in 18 years, and a significant decrease from last year’s rate of 3.5 percent. This can be attributed to programs like Hiring Our Heroes, a nationwide initiative created by the U.S. Chamber Foundation to help veterans and military spouses find meaningful employment.

It’s great because military veterans are a great asset for companies. Not only do they possess a multitude of talents, they have acquired diversity. Here’s why they’re such valuable employees, and how your company can attract and hire more of them.

VETERANS HAVE STRONG SOFT SKILLS (AKA FOUNDATIONAL SKILLS)

Recruiting managers consistently struggle to find candidates with the requisite soft skills—what we call foundational skills because of their immense importance—needed for success. In fact, more than 60 percent of applicants fail to move past the first round of interviews because of their lack of foundational skills.

Read the full article here. 

By MIT Sloan CDO
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