If you’re facing challenges regarding finding dedicated, ethical, and hardworking employees – consider U.S. veterans. They possess professional experience, skills, and training to which most regular civilians don’t have exposure. There is approximately 1.3 million active-duty military personnel, and, as of 2020, 18.5 million men and women are veterans. Yet, despite these statistics, the unemployment rate among veterans increased to 6.5% during 2020.
Why Should Companies Hire Veterans
Around 200,000 men and women are transitioning from active U.S. military status into civilian life annually with help from the Transition Assistance Program (TAP). With that transition comes a broad range of knowledge and skills that benefits trade businesses of all sizes. For example, veterans have a track record of quickly learning new concepts and skills. That includes entering the workforce with specific trade skills that transfer into civilian work environments. There are many reasons why veterans make exceptional employees, the most notable being their diligence, problem solving, self-discipline, time management, and drive.
Additional qualities veterans display are:
- They’re comfortable with adapting to constantly changing situations and factors
- They’ve fostered great qualities like commitment, resilience, and trust
- They have entrepreneurial spirits, and bring advanced team-building skills to all situations
- Many veterans have to develop competency with handling and repairing complex equipment
- They’re trained to be able to remain situationally aware at all times while handling multiple tasks
The Work Opportunity Tax Credit
Companies should also note that when they hire veterans, that comes with a tax incentive. The U.S. Federal Government sponsors a tax credit referred to as the Work Opportunity Tax Credit (WOTC). For example, suppose you hire a veteran with a service-related disability within one year of their discharge. In that case, companies can receive a tax credit of up to 40% of the employee’s first $24,000 in wages.
Don’t forget about how trainable veterans are! While serving their country, they had to adapt, develop, and learn continuously, which transfers to having abilities to:
- Meet and exceed orders
- Complete highly specific tasks
- Understand when to take the initiative
- Identify when they should bear responsibility
Veterans know how to accept new responsibilities no matter their work environment. The expectations military professionals have fulfilled required a broad spectrum of skills, like fixing equipment, planning and implementing complex strategies, situational awareness, providing disaster relief, and so much more.
Short- and Long-Term Impacts
While there are plenty of good reasons why companies should hire a veteran, we can’t neglect the short and long-term impacts. For example, when companies hire veterans, that helps them generate goodwill internally and outside the company by identifying and fulfilling talent needs, and creating a more diverse workforce. In addition, the long-term impacts include experiencing improvements to leadership, while simultaneously seeing improvements to employee performance and the company’s bottom line.
Tips for How to Hire Veterans
Employers can support a veteran’s need for job placement by first identifying which trade positions they need to fill, and how a veteran’s training aligns with those needs. Hiring Heroes, an extension of the U.S. Chamber of Commerce Foundation, has a handy Employer Roadmap to help employers hire veterans.
Identify the Skills You Need the Veteran to Possess
No matter whom you’re hiring, identifying skillsets is a priority. Many veterans possess skills that translate into civilian jobs because they include on-the-job training, vocational education, and work experience. Examples for trades include large engine mechanics, electricians, plumbers, and more.
Work with an Employment Coordinator Specializing in Veterans
The Department of Labor (DoL) specializes in connecting companies with veterans’ employment coordinators. These specialized services help companies expedite the hiring process. That’s especially beneficial to those who want to take advantage of the WOTC.
Take Advantage of Veterans Job Sites
Many job sites specifically target veterans, including:
- Careeronestop: A career site sponsored by the U.S. Department of Labor.
- Hire Veterans (HV): Helping veterans with job placement since 2003.
- Military Hire: Helps U.S. veterans and employers with job placement.
- Silent Professionals: Trusted source for hiring vetted private security and military contractor professionals.
Don’t forget about local colleges and trade schools. These locations are home to many military professionals who continue their education and actively look for jobs after graduation.
Use the Right Tools as Trade Service Professionals
Turn to FieldPulse, a Texas-based company enabling trade service professionals to operate the businesses from any location. FieldPulse’s intuitive features and integrations help simplify business owners’ day-to-day operations, including customer management, dispatching, estimates, invoicing, scheduling, and more.
FieldPulse is dedicated to giving their customers the tools they need to save money and time and, most of all, headaches. Use FieldPulse’s powerful cross-platform app to focus more on craftsmanship and less time dealing with paperwork. Check out fieldpulse.com to get a free product demonstration.