Monster and Release 2016 Veterans Talent Index

November 29th, 2016 | Posted by Alexa Magdalenski in Veterans

VEI Logo SizedOn Nov. 10, Monster Worldwide Inc. and released their 2016 Veterans Talent Index survey illustrating over five years of data from Veterans and employers on Veteran recruiting, hiring and retention. Here are some of our key takeaways from the Index:

For employers, understanding Veterans’ unique experiences and skill sets is critical in recruiting and retaining Veterans. Veteran job seekers should be able to confidently articulate their own skill sets and military experiences and take advantage of resources like military skill translators and job coaching to do so.

  • 78% of employers surveyed responded that Veteran skills are relevant to civilian careers; but 48% of employers want a better translation of military skills into jobs

Employers have an opportunity to promote new career paths based on emerging technologies and areas of need. Employers should find new ways to inspire Veterans to these focus areas. Employers also have an opportunity to create programs to support hired Veterans that will set them apart from other companies.

  • 39% of Veterans are trying to figure out what to do for their next career
  • 53% of Veterans are seeking organizations that are “Veteran-friendly”
  • 43% of employers have Veteran-specific mentoring programs in place, up from 26% in 2014

Veterans are utilizing digital platforms in their job searches more than ever. Employers should continue to use on online recruiting channels and leverage the online networks of nonprofits and other organizations to reach and engage new candidates.

  • 54% of Veterans surveyed have used Facebook on their mobile device to look for jobs
  • 42% of Veterans have used as a preferred resource

The growing role nonprofits serve as a pipeline to Veteran candidates for employers was another key theme in this years’ Talent Index. Veteran candidates are working with nonprofits more than ever, alongside with Veteran Support Organizations and government agencies, to find employment opportunities. For the NVTC Veterans Employment Initiative (VEI), this reflects a growing opportunity to bolster partnerships with more member companies to work together and fill critical positions with Veterans.

Here are some of the ways VEI is leveraging opportunities in the 2016 Veterans Talent Index:

  • Hosting Veteran Recruiting Days, VETWORKING events  and transition summits at local military bases and companies in the region:
    • These events not only connect Veterans with prospective employers, they also provide a setting for companies to meet with Veterans in an important mentoring and job coaching capacity. VEI has engaged NVTC member companies across the spectrum of its programming.
      • In the last three years, over 650 Veterans have attended VEI’s Recruiting Days.
  • Building strong partnerships across the private, government and academic sectors:
    • VEI continues to galvanize a strong network including NVTC member companies, regional universities, nonprofits, policymakers, Virginia Veteran organizations like Virginia Values Veterans (V3) and military bases in the National Capital region.
  • Creating student Veteran internship opportunities:
    • The VEI Scholars Program connects student Veterans from our region’s colleges and universities with meaningful work-based experiences at NVTC member companies. Companies can identify their skill set needs and be matched with a Veteran candidate who fits those needs.
  • Promoting
    • VEI’s Veteran career site (operated by Monster and currently hosts over 7,000 open jobs at NVTC member companies and has a database of over 950,000 Veteran resumes.
    • The site also has a military skills translator for Veterans to match their skills to civilian jobs and other educational resources.

Learn more about the VEI’s mission and programs here.

Click here to view the full Monster and 2016 Veterans Talent Index survey.

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